Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.
Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the coronavirus shock.
Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the coronavirus shock.
Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting offshore oil and gas output gradually recovering from the last storm and disrupting power to onshore pipeline, gas and chemical plants.
Royal Dutch Shell Plc (RDS/A) on Monday said its Geismar chemical facility in Louisiana is restarting, two weeks after Hurricane Ida forced it shut. "The site continues to experience utility and feedstock constraints but has resumed loading capabilities and shipping product," the company said in a statement.
ROYAL DUTCH SHELL PLC (RDS/A): * SHELL SAYS ITS APPOMATTOX, ENCHILADA/SALSA, AND AUGER ASSETS IN THE GULF OF MEXICO CONTINUE TO RAMP UP PRODUCTION. * SHELL: MARS, URSA, AND OLYMPUS ASSETS REMAIN SHUT IN. * SHELL: GEISMAR CHEMICAL FACILITY, LOUISIANA, IS IN THE PROCESS OF RESTARTING.
Ecolab Inc (ECL): * ECOLAB COMMENTS ON EFFECTS OF HURRICANE IDA. * Ecolab Inc (ECL) - EXPECTS TO SEE SHORT-TERM IMPACT ON EPS DUE TO HIGHER DELIVERED PRODUCT COSTS, TEMPORARY CUSTOMER CLOSURES, AMONG OTHER THINGS. * Ecolab Inc (ECL) - EXPECTS TO SEE SHORT-TERM IMPACT ON EPS DUE TO TEMPORARY DISRUPTION AT ONE OF ITS MAJOR PRODUCTION FACILITIES.
Rain Industries Ltd: * RAIN CARBON - UPDATES POST-HURRICANE STATUS OF GULF COAST CALCINATION FACILITIES. * RAIN CARBON - RESUMED CALCINED PETROLEUM COKE PRODUCTION AT THREE OF ITS U.S. FACILITIES. * RAIN CARBON - RESTART PROCESS BEGUN AT FOURTH PLANT THAT WAS IMPACTED BY HURRICANE IDA Source text for Eikon: Further company coverage:
Huntsman Corp (HUN): * HUNTSMAN ANNOUNCES UPDATE ON THE HURRICANE IDA IMPACT TO ITS OPERATIONS. * Huntsman Corp (HUN) - HURRICANE IDA CAUSED NO SIGNIFICANT DAMAGE TO ITS GEISMAR, LOUISIANA MANUFACTURING FACILITY. * Huntsman Corp (HUN) - SITE PERSONNEL ARE CURRENTLY PREPARING PRODUCTION UNITS FOR RESTART.
Westlake Chemical Corp (WLK): * ORATION ISSUES STATEMENT ON HURRICANE IDA. * FOLLOWING INITIAL FACILITY ASSESSMENTS, WESTLAKE BELIEVES IT HAS INCURRED LIMITED PHYSICAL DAMAGE Source text for Eikon: Further company coverage:
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