Industry News
Chemical Industry News
Europe base oils Group III prices hit record high as shortages persist
LONDON (ICIS)--European base oils Group III spot prices hit a record high this week as tightness caused by the Middle East conflict continues to plague the market. Spot values for all grades rose...
German ministry warns about manufacturing orders amid Middle East turmoil
LONDON (ICIS)--Germany’s federal economic affairs ministry expects new orders for manufacturing goods to be “dampened” in coming months “as a result of the energy price shock" from the Middle...
Market players bank on 2026-2027 British storage profitability amid volatile NBP
Final Stublach auctions for SY26 “very successful” – Storengy UK Returns higher than expected but participation still down Long-term storage opportunities remain uncertain due to volatility...
INSIGHT: Fertilizer markets breathe easier after Iran ceasefire but conflict risks far from over
LONDON (ICIS)--The limited reopening of the Strait of Hormuz has reduced immediate panic in the fertilizer sector, but the relief is undercut by ongoing uncertainty as normal shipping conditions are...
European power markets shed risk premiums amid US-Iran ceasefire talks
By Samya Nabi, Johnathan Hamilton-Eve and Anna Coulson Power prices declined on 8 April, tracking gas-market losses following the announcement of an Iran-US ceasefire Nuclear, renewables shield...
Brazil’s Lord halts sales as Gulf attacks rattle petchem supply chains
SAO PAULO (ICIS)--Lord Brasil has suspended new sales orders this week after fresh attacks on petrochemical facilities across the Gulf rattled global supply chains and called raw material supply into...
PPC develops 2.1GW solar capacity with battery projects underway in Greece
Battery projects by PPC Group underway in Northern Greece to help stabilise the electricity grid and support energy distribution during peak demand - traders PPC has completed 2.1GW of solar plants...
Inside-out peptides are part of a new class of isomerism
Could an overlooked conformational contortion invalidate existing drug patents?
DOMO chemical plant in Leuna saved
The impending closure of the DOMO Caproleuna chemical plant has been averted: The insolvency administrator for the German sites of DOMO Chemicals, Prof. Dr. Lucas F. Flöther, has transferred the plant to a rescue company
India’s generic semaglutide surge
As patents on Novo Nordisk’s diabetes and weight loss blockbusters expire, generic makers have their versions ready
Water-based membrane waves through carbon dioxide, blocks other gases
Technology could be simpler, greener way to capture carbon dioxide or separate biogas
Engineered enzyme breakthrough offers sustainable solution for polyurethane plastic recycling
A research team has achieved a significant milestone in the field of plastic waste management by elucidating, for the first time, the catalytic mechanism by which the esterase Aes72 hydrolyzes urethane bonds in polyurethane (PU),
Electrochemical Process Enables Recovery of Valuable Raw Materials
Lithium, cobalt and nickel are in high demand – and they are hard to obtain. Researchers at the Fraunhofer Institute for Manufacturing Technology and Advanced Materials IFAM are developing an electrochemical process to recover scarce
A regulator for unconventional superconductivity
Researchers at RWTH Aachen University, led by Professor Dante Kennes from the Chair of Theoretical Condensed Matter Physics, have contributed to a new study that addresses a long-standing problem in physics: superconductivity, which cannot be
Oil prices slump after Trump suspends attacks on Iran for two weeks
SINGAPORE (ICIS)--Oil prices slumped in early Asian trade on Wednesday, with US crude falling below $100/barrel, after US President Donald Trump announced that he will suspend his threatened bombing...
Trump signals two-week ceasefire with Iran conditional on Strait of Hormuz re-opening
SINGAPORE (ICIS)--US crude oil futures plunged to a low $91.05 a barrel in early Asia trade on 8 April from a close of $112.95 a barrel overnight after US President Donald Trump on 7 April
NYMEX: US gas futures climb on some short-term weather
US natural gas futures rose on 7 April, gaining 2% above the prior settlement on some short-term weather demand expectations The May ’26 front-month contract settled at $2.87/MMBtu Natural gas...
CRUDE SUMMARY: WTI continues to rally as market seeks prompt delivery of barrels
Looming US deadline for Iran to open Strait of Hormuz Iran rejected Pakistani-brokered ceasefire agreement WTI continues to make significant gains as market seeks earlier delivery of oil LONDON...
US corn plantings at 3% completed
HOUSTON (ICIS)--US corn plantings are at 3% with the current rate at a slightly higher pace than last season despite some recent weather challenges. Plantings are above the 2% from 2026 and the...
US forecasts for oil prices up 46% from start of 2026
HOUSTON (ICIS)--The latest US forecast for oil prices is up nearly 46% over the one it made in January, the nation's main energy statistical agency said on Tuesday. The Energy Information...