Iran was expected to launch several petrochemical projects by the end of the current calendar year.

Iran would need a $10b investment to upgrade refineries in order to produce more low-sulfur fuel of vessels.

Other important products heavily exposed to disruption to shipping in the Strait of Hormuz include monoethylene glycol (MEG). ethylene and methanol.

In reaction to a recent joint statement by Germany. France. UK urging Iran to stay in the nuclear deal. a board member of the National Security and Foreign Policy Commission of the Iranian Parliament.

France. Britain. and Germany confirmed on Tuesday that they had triggered the dispute mechanism in the Iran nuclear deal.

Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change.

Saudi Arabia’s energy minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels.

The signing of the Phase 1 deal will certainly put at least a temporary floor in the increasingly fractious relationship between the U.S. and China.

Shell’s PC production units will also produce alkyl carbonates.

OPEC. Russia and nine other countries are entering their fourth year of production cuts aimed at supporting oil prices.