Supply Chain & Logistics

U.S. EIA sees 2022 crude oil prices below 2021 peaks

Dec 19, 2021

The U.S. Energy Information Administration expects for 2022 lower crude oil prices compared with the highs for 2021 seen in November and projects an average price for next year at about $70 per barrel.

U.S. gasoline prices post highest levels in nearly a decade in late November

Dec 6, 2021

U.S. average pump window prices at service stations for regular unleaded gasoline on the Monday before the U.S. Thanksgiving holidays this year were on average $3.40/gallon, the highest in about a decade, according to the U.S. Energy Information...

Fertilizer tightness seen lasting into at least 2023, forcing world farmers into bidding wars

Dec 6, 2021

Farmers worldwide seeking to secure fertilizer for the next two years will have to outbid rivals or otherwise miss having enough to support crops, executives of a leading U.S. fertilizer supplier said in November.

Some high-end specialty chemicals for automotive enjoy good demand even with low vehicle inventory

Nov 9, 2021

Auto dealers faced limited vehicle inventories in 2021 and the reduced availability in showrooms and new car lots translated into more effort to upsell the latest SUVs and sedan models with add-ons, like some specialty chemicals for performance and durability.

Nigeria, Peru, Trinidad 2021 LNG issues result in $300 million opportunity loss for Shell just in third quarter

Nov 9, 2021

Royal Dutch Shell faced just in July-September an opportunity loss, or the value of the unrealized scenario of having enough of its own supply to serve its contracts, of an estimated $300 million that resulted from LNG production problems in Trinidad, Nigeria...

Tight resin inventories, supply disruptions in 2021 lead to record margins but also to calls for more transparency

Oct 26, 2021

Tightness in 2021 of plastic resin materials such as the polypropylene fiber widely seen in medical protective masks resulted in unprecedented margins but also brought a proposal for more federal oversight.

S&P, IHS Markit offer more divestment to overcome UK’s competition concerns; U.S. FTC has not issued a complaint

Oct 26, 2021

In the U.S., a spokesperson for antitrust with the Federal Trade Commission said by email on Oct. 22 that while the agency doesn’t comment on proposed mergers, confirm or comment on investigations, it will publish a news release if an investigation leads to a...

Mexico gets Braskem to accept new terms on controversial ethane contract

Oct 12, 2021

Brakem agreed on “adjusting” once very favorable terms on its long-term contract to buy Mexican ethane after a year of talks and following an initial adamant Brazilian stance later softened after Mexicans late last year temporarily forced its Veracruz cracker...

U.S. polypropylene producers begin to face buyers’ market after exceptional year of 12% demand growth

Oct 12, 2021

ExxonMobil, LyondellBasell, Braskem and other polypropylene producers faced in late September a buyers’ market for the first time after a year of tight inventories and exceptional demand growth that more than doubled prices.