Tag: Chemicals
Falling profits for Middle East chemical producers affect planned investments
Recent cancellation of Al Sajeel, Al Karaana projects are examples of how oil price slowdown already impacting investments in region The unexpected drop in global crude oil prices appears to have caught some chemical producers in the Middle East off guard, resulting in their companies reporting significantly lower profits or losses in the third quarter and […]
Oil field chemicals market hits $25 billion, but slower growth ahead
Demand for oil field chemicals dictated by complexity of production – IHS The global market for oil field chemicals reached $25 billion in 2014, but growth will be much slower thanks to low oil prices, according to a new report. Driven in large part by the rapid expansion of shale oil and gas drilling and production in […]
Chemical Activity Barometer: More American economic growth coming?
Chemical Activity Barometer shows acceleration of activity following winter freeze An important leading economic indicator – Chemical Activity Barometer – took another tick upward in June, perhaps foreshadowing significant growth for the American economy in the near future. The Chemical Activity Barometer (CAB), is derived from a composite index of chemical industry activity and has been found to […]
American chemicals industry enjoying good year, poised for growth
American chemicals manufacturers benefitting from competitively priced hydrocarbon feedstocks The American Chemistry Council has released its mid-year report and things are looking up for the American chemicals industry, thanks in large part to cheaper feedstocks from natural gas. The first quarter of 2015 was a bit soft, according to the Mid-Year 2015 Chemical Industry Situation and Outlook, […]
Natural gas revolution sparks rapid American industrial consumption
Industrial use of natural gas use feedstock growing by 3% annually Thanks to the shale revolution, cheap natural gas is igniting an explosive growth in American industry, which is the fastest growing consumer of natural gas, according to the US Energy Information Administration. A large portion of both consumption and anticipated growth is in the […]
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