Rabigh Refining and Petrochemical Company (PetroRabigh) has completed arrangements to transfer the marketing rights of its products from Sumitomo Chemical Co., Ltd. (Sumitomo) and its affiliates to Saudi Arabian Oil Company (Saudi Aramco) and its affiliates.
Crude prices edged higher on Monday, supported by improved risk appetite after progress toward ending the US government shutdown lifted broader financial markets. Gains were capped, however, by persistent concerns over a growing global supply surplus and softening Asian demand
Crude prices rebounded on Friday after slipping earlier in the session, as optimism grew that Hungary could continue importing Russian oil following a meeting between US President Donald Trump and Hungarian Prime Minister Viktor Orban at the White House.
Indonesia’s Anti-Dumping Committee (KADI) has concluded its investigation into alleged dumping of homo-PP imports, determining that shipments from eight countries were sold below fair market value and have caused material injury to the domestic industry