14 Aug 2024
Investor attention shifted to the International Energy Agency’s (IEA) monthly report, which suggested that the global inventory declines should level off in the final quarter. This development puts the market at risk of a glut if OPEC+ proceeds with its plans to increase supplies.
13 Aug 2024
13 Aug 2024
13 Aug 2024
13 Aug 2024
13 Aug 2024
This resolution follows the earlier GECEX Resolution 568, issued on 20 February 2024. The extension prolongs the provisional anti-dumping measures for an additional three months effective 20 August 2024.
13 Aug 2024
According to an official statement, Aramco will purchase 22.5% of Rabigh Refining and Petrochemical Co. from the Japanese firm, thereby increasing its total ownership to 60%. Consequently, Sumitomo Chemical’s share will decrease to 15%.
