Despite the dollars weakness, crude oil prices have dipped on Thursday to hover around US$77/barrel on the Nymex. This is being viewed by market player as a sign of relative weakness that is expected to result in lower prices over the forthcoming weeks.
Data released by the US Energy Information Administration showed an increase in crude oil inventories by 1.8 million barrels in the week ending Nov. 6. This has exerted downward pressure on prices, pulling them down to US$$76.7.
Previous News
Next News
-
Global demand for bioplastics to increase more than fourfold by 2013
-
Rapid growth expected at Petkim's petrochemical hub
-
Spot premiums on naphtha expected to spike
-
Additive makers to be fined €173 mln by EU for price fixing, market sharing cartels
-
Reliance increases LDPE prices
-
Operating rates firm at crackers across Europe on better than expected demand for C2, C3
-
MRPL fetches triple premium for Dec-Feb naphtha cargo
-
Decision to end ban on direct imports of whole PET scrap bottles on the cards in China
-
Sustained period of poor earnings forecast for light olefins and petrochemical producers
-
Downstream polymer processing industry to save on utility bills in Tembusu, Jurong
-
Deepak Nitrite to Invest INR 11,000 Crore to Build India's First Polycarbonate Resin Ecosystem
-
PPRDC and Indian Institute of Packaging Launch Advanced Recycling Certificate Course to Build India's Circular Economy Workforce
-
SSF Plastics Helps Extinguish Fire at Neighbouring Factory
-
Why UAE’s OPEC Exit May Not Shake Oil Markets
-
EPL and Indovida to Merge, Creating a Consumer Packaging Leader for Emerging Markets
-
ABS and Polystyrene facility in Iran hit
-
Converting Nylon Fish Net waste to 3D Printing Filament
-
Samvardhana Motherson International Limited India’s Global Automotive Plastics & Systems Powerhouse
-
Varroc Engineering Limited: From Polymer Components to a Global Automotive Systems Leader
-
Hitech Corporation Ltd - Prominent Manufacturer of Rigid Plastic Packaging Products, Serving Paints, Agrochemicals, Lubricants, FMCG, and Food Industries.
13-Nov-09 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}