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economy

Oil market slipped on weak investor sentiment, heightened trade war threats
03 Mar 2025 Investor concerns deepened following the US announcement confirming the 4 March implementation of tariffs on Canadian and Mexican imports, a move that threatens to disrupt crude supply chains from two of the US’s largest foreign oil suppliers.
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03 Mar 2025

economy

Long Son Petrochemical seeks import levies on PP, PE to shield Vietnam’s local industry

In 2023, the company similarly lobbied for a 3% tariff on imported PP and PE under HS codes 39029090, 39011092, 39012000, and 39014000. However, the proposal encountered strong opposition from industry stakeholders
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03 Mar 2025

economy

Dalian Commodity Exchange: 03 March 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 03 March 2025 settled as follows:
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28 Feb 2025

economy

Media: Saudi’s SABIC posts losses for Q4 2024, missing profit expectations

Market analysts attributed the downturn to weakened international demand and elevated feedstock costs, which continued to erode profitability across the industry. The company also pointed to a glut in global ethylene capacity
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28 Feb 2025

economy

Dalian Commodity Exchange: 28 February 2025

The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 28 February 2025 settled as follows:
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28 Feb 2025

economy

Crude oil climbed over 2% on escalating supply concerns

Crude oil prices posted their largest gain in six weeks on February 27, 2025, as renewed supply concerns emerged following the United States’ decision to tighten restrictions on Venezuelan crude exports
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27 Feb 2025

economy

Oil prices slipped on rising supply prospects and economic weakness

Market sentiment was dampened by expectations of an inventory build in the United States, with analysts forecasting a 2.6 million-barrel addition to stockpiles in the previous week.
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27 Feb 2025

economy

EIA: US crude oil inventories expectedly declined amid higher refining activity

Refinery utilization rates edged higher, rising from 84.9% to 86.5% compared to the previous week, which boosted demand for crude input. Meanwhile, total motor gasoline inventories recorded a modest build of 400,000 barrels
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