Dow wraps construction of Freeport PE unit

Dow Chemical Co. has completed construction of a polyethylene (PE) plant in Freeport, Tex., as part of its $6-billion US Gulf Coast investment program in Texas and Louisiana on projects to utilize low-cost and advantaged US shale gas feedstock. Source: News


Pruitt extends EPA’s 2015 NAAQS compliance deadline

US Environmental Protection Agency Administrator E. Scott Pruitt notified US governors that he has extended by 1 year the deadline for states to promulgate initial area designations under the 2015 National Ambient Air Quality Standards. Source: News


MARKET WATCH: Oil prices volatile on Middle East uncertainty

Light, sweet crude oil prices for July and August regained some earlier losses on the New York market June 6 to settle above $48/bbl while Brent crude contracts for August and September rallied to settle above $50/bbl. Source: News


EIA: Global oil oversupply could return in 2018

The US Energy Information Administration lowered its crude-oil price forecast and raised its US production outlook for 2018 in its latest Short-Term Energy Outlook. The lower price forecast reflects the possibility of a return to modest oversupply in global oil markets in 2018. Source: News