Energy Update

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Our analysts discuss the demand/supply fundamentals of polypropylene, the likelihood of a bullish supply case for PP, and what the key demand centers for the polyolefin will be.

LONDON, June 29 (Reuters) - European shares rose on
Wednesday, with higher oil prices and the chance of more
monetary stimulus helping markets that were sent reeling by
Britain's vote to exit the European Union.

MOSCOW, June 29 (Reuters) - Russia's federal budget deficit
amounted to 4.3 percent of GDP in the first half of 2016,
Finance Minister Anton Siluanov said on Wednesday.

LONDON, June 28 (Reuters) - The Libyan wealth fund's former
deputy chief screamed and cursed at Goldman Sachs bankers in a
stormy meeting over derivatives trades made on the bank's advice
that ultimately turned out to be worthless, a witness told a
court on Tuesday.

June 29 (Reuters) - British defence contractor Chemring
Group Plc, which has been struggling with defence
budget cuts in its key markets, said Finance Director Steve
Bowers would leave the company.

* US crude stocks could have dropped by nearly 4 mln barrels
-API

June 29 (Reuters) - British defence contractor Chemring
Group Plc, which has been struggling with defence
budget cuts in its key markets, said Finance Director Steve
Bowers would leave the company.

Will growing supplies of shale-driven olefins expansions in the North American market outstrip the ability of units downstream to take in product?

The share of lower heat 8,400 Btu/lb coal produced in the Powder River Basin continues to decline but is unlikely to go away, say market sources.

Beyond Mexico, proposed petrochemical expansions have fallen by the wayside in Latin America.

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