There’s Nothing That Can Stop The World’s Next Oil Hotspot

While the deeply impoverished South American country of Guyana is attracting the lion’s share of attention when it comes to oil, it is neighboring Suriname where the next major petroleum discovery could occur.

Tokyo rubber futures fall

Japanese rubber futures fell on Thursday, snapping a 5-day rally, as investors took profits after prices hit a 1-1/2-month high, and amid fears of a resurgence in Covid-19 cases in Europe slowing global economic recovery.

China's economy is the envy of the world

China's economy expanded by 4.9% in the third quarter compared to the previous year, according to government data published Monday, showing the rest of the world what's possible when Covid-19 is brought under control.

Soaring iron ore prices bring buying flexibility to the fore

Seaborne iron ore prices surged in the July-September quarter on the back of strong Chinese crude steel production and tight supply of iron ore fines. However, the market eased from early September due to weaker finished steel prices, squeezing steel margins and indicating the price range could be lower in the fourth quarter.

Europe MMA market remains snug amid shutdown season

The European methyl methacrylate (MMA) market remains snug due to supply disruptions and healthy demand.

China’s polyester demand to stay strong on feedstock cost, rising export orders

China’s polyester demand is expected to remain healthy till the end of October amid rising feedstock cost and improving export demand.

IMF Sees Oil Prices At $40-50 Next Year

Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East, the International Monetary Fund (IMF) said on Monday in its update on the Regional Economic Outlook for the Middle East and Central Asia.
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