European base oil prices are likely to continue to face sustained pressure from structural oversupply of Group I, Group II and Group III grades. This will probably dampen any upwards price movement in the first half of 2020.
News ID: 8178 Publish Date : 2019/12/31
A more volatile Turkish ferrous scrap deep-sea import price throughout 2019 has made it very difficult for European exporters to keep a stable margin and it is set to remain a major challenge in 2020.
News ID: 8151 Publish Date : 2019/12/30
European ethanol spot prices are set to remain at a wide premium over Eurobob oxy grade gasoline in 2020, having hit a seven-year high on an outright basis in the final quarter of 2019. Imports from outside the EU will be required to make up a shortfall in supply as more countries adopt higher ethanol blends.
News ID: 8118 Publish Date : 2019/12/27
Plunging apparent demand, driven by slight slippage in real appetite from the automotive supply chain, and a sharp increase in imports over the first quarter provided a bleak backdrop for European producers this year.
News ID: 8085 Publish Date : 2019/12/24
Secretary of Iran’s Supreme National Security Council Ali Shamkhani warned the European parties to the 2015 nuclear deal that their continued failure to implement the JCPOA would leave Tehran with no choice but to further scale back its commitments to the accord.
News ID: 8014 Publish Date : 2019/12/18
The European Union agreed to cut its total emissions to net-zero by 2050 after ten hours of debate as Eastern European states demanded financial help to hit the target.
News ID: 7956 Publish Date : 2019/12/14
Mill-tied distributors in Europe have been in discussions with third-country hot-rolled coil (HRC) exporters this week over supply concerns.
News ID: 7948 Publish Date : 2019/12/13
Creditors carried out a rare court-ordered auction of Venezuelan crude in Dutch-controlled Curacao, where Venezuela's national oil company PdV usually succeeds in settling debt-related claims on its assets.
News ID: 7945 Publish Date : 2019/12/13
The Italian hot-rolled coil (HRC) market is slowly becoming a sellers' market after multiple months of declines.
News ID: 7929 Publish Date : 2019/12/12
Lackadaisical European hot-rolled coil (HRC) demand is resulting in a very slow drawdown of the duty-free quota from the top six importing countries to the EU 28.
News ID: 7904 Publish Date : 2019/12/11
The European Commission has approved €3.2bn ($3.54bn) in state aid for battery makers as part of a project to develop large-scale battery manufacturing in the EU.
News ID: 7898 Publish Date : 2019/12/10
The new head of European Union foreign policy underlined the need for keeping the 2015 nuclear deal between Tehran and world powers in place, saying the accord is crucial in ensuring global security.
News ID: 7822 Publish Date : 2019/12/09
Small hot-rolled coil (HRC) buyers deem the supply situation in Italy to be too risky, and are either looking for alternative sources or delaying purchases.
News ID: 7802 Publish Date : 2019/12/06
Iranian Deputy Foreign Minister Kazem Sajjadpour and his Italian counterpart Marina Sereni in a meeting in Rome underlined the need to broaden mutual cooperation, and discussed the latest developments in the region.
News ID: 7790 Publish Date : 2019/12/07
European coil mills are holding firm in their offers, with the vast majority having now formally informed customers of at least one increase for the first quarter.
News ID: 7784 Publish Date : 2019/12/04
The new head of the UN nuclear watchdog said he is expected to hold talks with Iranian officials who will be in Vienna later this week for a meeting of the remaining JCPOA parties.
News ID: 7764 Publish Date : 2019/12/04
On Tuesday, December 3, the French government announced that the European Union and France are ready to retaliate if the United States proposed tariffs of up to 100 per cent on $2.4 billion worth French goods come into effect.
News ID: 7723 Publish Date : 2019/12/03
Senior diplomats from Iran and China weighed plans at a meeting in Beijing to salvage the 2015 nuclear deal.
News ID: 7650 Publish Date : 2019/12/01
Norwegian Ambassador to Tehran Lars Nordrum announced that his country along with Sweden, Denmark, Finland, Belgium and the Netherlands will join the EU’s trade mechanism with Iran entitled ‘INSTEX’.
News ID: 7637 Publish Date : 2019/11/30
Spokesman for the Iranian Parliament’s National Security and Foreign Policy Commission Hossein Naqavi Hosseini said the European parties to the 2015 nuclear deal have taken no practical measure to fulfill their commitments under the accord.
News ID: 7626 Publish Date : 2019/11/30
