Friday, January 18, 2019
Energy, Petrochemicals and Plastics 1
1 Natural Gas Price Fundamental Daily Forecast
The market is setting up to test a value zone at $3.089 to $3.014. In order to attract buyers on the move, the weather models are going to have to agree on the return of cold weather. Otherwise, we’re likely to see a sideways-to-lower trade over the short-term.
2 Petrochemical growth spurt expected despite rising desire for fewer plastics
https://www.cbc.ca/news/canada/calgary/petrochemical-growth-spurt-expected-1.4981860
Canada’s slow-growing petrochemical industry is headed for its biggest surge of expansion spending in five years in 2019, thanks in large part to incentive programs by federal and provincial governments.
3 The Incredible Ways Shell Uses Artificial Intelligence To Help Transform The Oil And Gas Giant
https://www.forbes.com/sites/bernardmarr/2019/01/18/the-incredible-ways-shell-uses-artificial-intelligence-to-help-transform-the-oil-and-gas-giant/
Royal Dutch Shell is heavily investing in research and development of artificial intelligence (AI), which it hopes will provide solutions to some of its most pressing challenges.
4 Weekly resin report: Spot resin markets roused from holiday slumber
https://www.plasticstoday.com/resin-pricing/weekly-resin-report-spot-resin-markets-roused-holiday-slumber/83911690560087
After a few weeks of minimal buying, spot resin demand returned with a vengeance.
5 Oil Price Fundamental Daily Forecast – Uncertainties Being to Exert Downside Pressure
https://finance.yahoo.com/news/oil-price-fundamental-daily-forecast-093834316.html
Our near-term target for WTI crude oil is $48.14 to $46.85. Brent is likely to correct to $56.39 to $54.96.
This article was originally posted on FX Empire
6 How Algorithms Are Taking Over Big Oil
https://www.forbes.com/sites/christopherhelman/2019/01/14/how-algorithms-are-taking-over-big-oil/
Artificial intelligence has come to the oil patch, accelerating a technical change that is transforming the conditions for the oil and gas industry’s 150,000 U.S. workers. Giant energy companies like Shell and BP are investing billions to bring artificial intelligence to new refineries, oilfields and deepwater drilling platforms. Already, these investments are paying for themselves by helping drill tricky oil wells faster, predict equipment failures and slash fugitive methane emissions.
7 It’s About Time: Welcome to the “Now” Economy and Smart Warehouses
https://www.industryweek.com/technology-and-iiot/its-about-time-welcome-now-economy-and-smart-warehouses
We all want everything now, putting the onus on supply chains to hurry up and give it to us. Luckily, deploying the right tech makes this possible.
