Author name: Merlin

Last week, international oil prices were boosted by news of OPEC+production cuts. Under this influence, major analytical institutions have differentiated their predictions for this year’s international oil prices. Optimists represented by Resta believe that for the rest of this year, international oil prices will exceed $100 per barrel for most of the time. Pessimists, represented […]

On April 2nd, major OPEC+producing countries such as Saudi Arabia, Russia, Iraq, and the United Arab Emirates announced significant voluntary production reduction plans, with a total production reduction scale exceeding 1.6 million barrels per day. Most of the production reductions will begin at the end of May and continue until the end of 2023. The

As the Organization of the Petroleum Exporting Countries (OPEC) member states unexpectedly announced a sharp production cut, the international crude oil futures prices rose by more than 6% at the close of the third day. As of the close of the day, the price of light crude oil futures for May delivery on the New

On April 6th, Huntsman Group announced the launch of ELASTAMINE polyether amine for new uses in various plastic fields, including for creating nylon elastomers with unique material properties. It is reported that in the production of nylon elastomers, the addition of Huntsman ELASTAMINE RE and RT series polyether amines can significantly improve elasticity, flexibility, impact

Recently, Air Products announced that it would no longer participate in the coal to methanol project in Bengalon, East Kalimantan, Indonesia, or other Coal gasification projects in Indonesia. Air Products stated that last year, the financial situation of blue and green hydrogen projects underwent significant changes, driving the company to invest in these energy transformation

After experiencing the turbulence at the beginning of 2023, oversupply continued to dominate the US ethylene, propylene, and butadiene markets. Participants in the US olefin market stated in their outlook that the market is becoming increasingly uncertain and the outlook has been overshadowed. Due to economic slowdown, rising interest rates, and inflationary pressures, the demand

Recently, the Japan Carbon Black Association released a forecast for domestic carbon black demand in Japan in 2023. This year, the total demand for carbon black in Japan (including imports and exports) will reach 727000 tons, a year-on-year increase of 3.4%. The association said that this forecast has taken into account the easing of the

After the decline in demand in 2020 and 2021, the world’s refining catalysts are expected to return to the level before the COVID-19. According to the “Catalyst, Petroleum, and Chemical Process Report” recently released by the S&P Global Specialty Chemicals Update Program (SCUP), due to a decrease in consumption in all regions except China, Southeast

According to a report recently released by the US public and private partnership Li Bridge, global demand for lithium batteries will surge more than fivefold by 2030. The report points out that compared to now, the demand for lithium batteries in the United States is expected to increase more than six times by 2030, reaching

It has been one year since the Russian Ukrainian conflict broke out on February 24, 2022. During this year, natural gas and fertilizers were the two most affected petrochemical industry commodities. From the current situation, although the price of fertilizer is returning to normal, the impact of the energy crisis on the fertilizer industry is