CanadianChemicalStatsGuy

Policy Manager: Business & Economics at Chemistry Industry Association of Canada. Data collection, stats analysis and tax policy is my forte. Tweets are my own.

[Bloomberg @business]

Iraq is accelerating oil loadings at its main port and boosting shipments out of the Persian Gulf in the latest sign that the region’s top OPEC producers are getting more barrels through the vital Strait of Hormuz. https://t.co/DI3be1dRso

[Brad Setser @Brad_Setser]

China's trade surplus in finished vehicles is ~ $150b now (last 12ms of data). Heading to $200b. 0.75 pp of GDP ... would be well above 1 pp of GDP with parts

[Toronto Star @TorontoStar]

Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? https://t.co/s4jZy8Mn5U

[Brad Setser @Brad_Setser]

China's monthly trade surplus is back over $100b -- which is a remarkable number for an importer of crude and chips amid a price shock to oil and semis.

But want to start my analysis with cars -- and China's remarkable export boom

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[Financial Times @FT]

Oil market defies predictions of summer supply crunch https://t.co/2gtAtgA4m3

[Adi Imsirovic @AdiSurreyEnergy]

European drivers cut back on fuel as energy price shock bites
'Sales of automotive fuel fell 3.5 per cent by volume in the Eurozone in April compared with the same month in 2025'
https://t.co/QuiqqmjRtN

[Javier Blas @JavierBlas]

UAE state owned oil company ADNOC has awarded a tender for ~14 million barrels of crude, and it’s planning a 2nd tender. The sales are a further indication that significant volumes of crude are exiting the Strait of Hormuz in small vessels going dark (AIS beacon off).

[Bloomberg @business]

Adnoc is selling a bumper volume of crude originating from inside the Persian Gulf to traders and refiners in Asia https://t.co/7FF448yN67

[Javier Blas @JavierBlas]

CHART OF THE DAY: The cost of the most important nitrogen fertilizer is back to pre-war levels in the US, benefiting from ample natural gas supply in America. Urea prices are sharply down too in Europe and Latin America, but remain elevated in most of Asia.

[Bloomberg @business]

The euro-zone economy shrank at the start of the year after an unprecedented contraction in Ireland forced a revision to data that originally showed feeble growth https://t.co/Sr9NMod0r0

[CanadianChemicalStatsGuy @DaveCherniak]

@dennisw5 He’s too old for such a title isn’t he?

[CanadianChemicalStatsGuy @DaveCherniak]

A sector in chronic overcapacity jumps full throttle into another sector exhibiting signs of overheating. What can possibly go wrong?

[Reuters @Reuters]

China's solar majors charge into batteries as panel sales falter https://t.co/Ug3tW38BRs https://t.co/Ug3tW38BRs

[Bloomberg @business]

China’s solar industry is tacitly admitting something it has feared for years: it doesn’t know how to escape chronic overcapacity that has weighed on profits https://t.co/sa5lBcjZmO

[The Economist @TheEconomist]

Over two-thirds of all countries are now below the replacement rate of fertility needed for a stable long-term population. India exemplifies why this global slump is happening https://t.co/7LrxRzC6wk

[Karun Mittal💎 @karun_f7]

Global #steel crisis deepens as oversupply reaches alarming levels, OECD warns
https://t.co/3ZIOTUWIeP
@DoloresKatanich @euronews

[Winston @ChurchillWw]

Germany has been the global leader in chemical manufacturing for over a century. Until now.

BASF’s Ludwigshafen complex alone has 200 production plants and consumes as much natural gas as Switzerland. The site runs on integration: each plant’s by-product feeds the next, a model built on decades of cheap energy.
German chemical revenue has fallen 22% since 2022, and major producers now operate at 62-68% capacity. The viability threshold for heavy chemicals is around 80%.
https://t.co/vv5qLueckq

[Bloomberg @business]

Iron ore headed for a fourth straight weekly loss as prices retreat on a seasonally weakening market https://t.co/nrJKJvtUo9

[Reuters Africa @ReutersAfrica]

Nigeria's Dangote refinery tops 700,000 barrels a day in test https://t.co/kJKbWeD7xv

[Bloomberg @business]

Sempra said it began producing liquefied natural gas from Mexico’s first West Coast export terminal, with plans to ship the fuel to Asia in a move that could add relief to a market hurt by tightened global supply due to the Iran war https://t.co/KBFMexiCRU

[Adam Geringer @GeringerAdam]

Crazy to me that most of americas houses are connected by continuous metal pipe to Alberta Canada