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European polymer markets look set to remain tight over the next quarter as outages impact supply and keep prices and margins strong. But high prices could attract imports
Investing.com - Oil prices rose on Tuesday as a strike by oil workers in Kuwait cut the country’s output levels, as markets continued to reel from a failure by major oil producers to reach an agreement
Oil prices fell sharply on Monday after a meeting of major producers in Doha on Sunday ended without an agreement on curtailing production aimed at shoring up oil prices.
World powers lifted international sanctions on Iran on 16 January, after the United Nations confirmed that Tehran had curbed its nuclear programme
world powers lifted the sanctions after the UN confirmed that Tehran has curbed its nuclear programme. With the lifting of sanctions, Iran can sell its energy products, including crude oil and petrochemicals to Europe
The long-term Joint Comprehensive Plan of Action (JCPOA) announced on 14 July by Iran and the so-called EU3+3 (France, Germany, UK, US, China and Russia) in Vienna, puts Iran on a firm reintegration path with the global economy.
Investing.com - Oil prices recovered some of their early losses on Monday after tumbling in early trade as markets reacted to news that a meeting of major producers in Doha
When a commodity costs more to produce than the current market price, producers usually stop producing it
Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member