Industry News

HOUSTON (ICIS)--The February contract price for purified terephthalic acid (PTA) was assessed higher by on Wednesday at 66.19 cents/lb ($1,459/tonne,...

MEDELLIN, Colombia (ICIS)--Petroleos Mexicanos (Pemex), the Mexican national oil company, processed over 60m barrels of fuel in the General Lazaro...

HOUSTON (ICIS)--Here is Wednesday’s midday Americas oil and chemical market summary from ICIS. CRUDE: Apr WTI: $105.98/bbl, down 27 cents; Apr...

LONDON (ICIS)--A final decision on whether the EU-backed Nabucco pipeline project will be selected to carry Azerbaijani gas to Europe is not expected...

LONDON (ICIS)-- Germany ’s housing and construction sector saw a 14.1% year-on-year increase in December’s order intake, the country’s...

LONDON (ICIS)--Ships offloading in Mombasa , Kenya , the largest port in eastern Africa , have been severely delayed because of congestion at the port...

MEDELLIN, Colombia (ICIS)--Venezuela President Hugo Chavez has announced the country may build a petrochemicals plant at the Santa Ines industrial...

LONDON (ICIS)--Serbia-based styrene butadiene rubber (SBR) producer FSK Elemir will shut for planned maintenance on 27 February until the end of...

LONDON (ICIS)--Here is Wednesday’s end of day European oil and chemical market summary from ICIS. CRUDE: April WTI: $106.21/bbl, down 4 cents/bbl....

LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) is confident of striking deals with investors that will see more than 2m...

HOUSTON (ICIS)--Shell still expects to decide the site for a new cracker in the northeast US early this year, a company spokeswoman said on Wednesday....

LONDON (ICIS)--Bayer MaterialScience has received official approval to begin early construction of its new 300,000 tonne/year world-scale toluene...

LONDON (ICIS)--Eurochem is expected to come onstream with melamine production in the second quarter of 2012, the Russian producer said on Wednesday....

LONDON (ICIS)--South African crude oil refinery SAPREF has been restarted following an unplanned closure in December, a company souce said on...

By John Richardson PERTH (ICIS)-When a senior polyolefin industry executive tells you that 95% of China ’s plastic processors are short of money,...

LONDON (ICIS)--Indian manufacturer Fertilisers and Chemicals Travancore (FACT) received two offers under its 22 February ammonia purchase tender,...

LONDON (ICIS)-- Despite the difficulties currently faced by the European refining industry, refined oil products will continue to play an important...

WASHINGTON (ICIS)-- US sales of existing homes rose by 4.3% in January from December, real estate market officials said on Wednesday, saying that the...

MOSCOW (ICIS)--Russian ethylene production fell by 8% year on year to 205,000 tonnes in January, while output of most monomers, polymers and...

HOUSTON (ICIS)--BioNitrogen has secured a 19.8-hectare (49-acre) parcel of land at Lubbock , Texas , to build a $65m (€49m) urea fertilizer unit,...