Latest chemical news

BASF Bids €10.3 Billion for Evonik: FTjust now

BASF submitted a €10.3 billion bid for Evonik Industries, valued at €22.15 per share, though Evonik has rejected the offer. The deal values Evonik at €14.2 billion, representing a 22% premium over its recent share price.

Price Trends: Monday, September 28, 202617 mins ago

Crude oil prices fell 1.9% weekly to $123.02/bbl as flows improved through the Strait of Hormuz. Mixed signals from US-Iran negotiations kept market sentiment volatile during the week.

Asian Bonds to Decline as Oil Fans Inflation Fears: Markets Wrap10 hours ago

Asian bond markets face declines as elevated oil prices from Middle East tensions fuel inflation concerns and Federal Reserve rate hike bets. Geopolitical supply disruptions continue to complicate the global economic outlook amidst mixed equity performance.

Pinglu Canal opens new route for Laos potash exports to China11 hours ago

The inaugural shipment of 3,012 metric tons of potash fertilizer from Laos arrived at Qinzhou Port via the newly opened Pinglu Canal. This route reduces transport time by five to seven days, significantly boosting trade efficiency between Southeast Asia and China.

UK Lobbies US for Exemption from Potential Diesel Export Ban12 hours ago

The UK government is seeking an exemption from a potential US diesel export ban amid soaring fuel prices. Chancellor John Healey cited global shocks from conflicts in Ukraine and Iran as drivers for record diesel costs affecting British businesses.

UK PM Burnham to Launch State-Owned GB Grid to Cut Energy Costs13 hours ago

British Prime Minister Andy Burnham plans to establish the Great British Grid to reduce energy costs and accelerate connections. The initiative targets aligning UK energy prices with Europe within 10 years and supporting reindustrialisation.

TotalEnergies CEO Warns US Diesel Export Ban Could Raise Gasoline Prices15 hours ago

TotalEnergies CEO Patrick Pouyanné warned that a proposed US diesel export ban could backfire by raising domestic gasoline prices and reducing refinery throughput. The policy would disrupt European supply chains, forcing governments to utilize strategic reserves amid potential consumer backlash.