Contrary to a media report, there is no time frame for when a subsidiary of Royal Dutch Shell plc will make a decision over whether to build a proposed “world scale” ethane cracker in western Pennsylvania, state and company officials told NGI’s Shale Daily.
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Return of Cold Weather Helps Boost Weekend Prices
Technical factors, short-covering — and oh yeah, a tad of returning cold weather fundamentals — were the most plausible reasons sources could cite for mostly higher weekend prices, despite the usual demand slump for such a trading period. Friday’s firmness was fairly moderate with nearly all points ranging from flat to nearly a dime up; most gains were about a nickel or less.
February 11, 2002