Downward pricing trends continued in September for solid polystyrene and PET bottle resins in North America.
Solid PS prices plunged an average of 9 cents per pound, marking the second straight monthly decline for that material. Prices had slipped an average of 2 cents per pound in August, holding to a number that was pre-announced by PS makers Americas Styrenics and Styrolution.
The September PS price drop was more extreme, however, as the material followed benzene feedstock prices, which slipped 79 cents per gallon to finish September at $2.01 — a drop of about 28 percent.
Edmunds.com predicted VW sales would go down about 2 percent in September compared with September 2014. That doesn’t sound like much, but Edmunds.com expects the rest of the market to improve 13.9 percent to about 1.4 million. TrueCar estimated VW Group sales, including Audi, could go down about 5.2 percent in September.
In Germany it has come up data on additional cheats by Volkswagen. Transport Minister Alexander Dobrindt announced earlier on Friday that while Volkswagen Commercial Vehicles / Commercial vehicles, namely light trucks, have been affected by manipulated emissions from diesel engines.
It is still unknown which engines and light trucks concerned, but Volkswagen vehicles includes models Amarok, Caddy (in different versions) and T-series models Transporter, Caravelle, Multivan, California and Crafter.
Earlier today announced Alexander Dobrindt a figure of how many Volkswagen cars affected by the cheating in Germany: 2.8 million cars. A figure that may be growing as Volkswagen's small 1.2-liter diesel engine is under the microscope right now.
If all 54 Senate Republicans vote for the bill, supporters will need six Democrats to reach the 60 votes needed for approval.
Heitkamp and other supporters of lifting the ban sought to gain Democratic votes by including a provision that would allow the president to halt exports if he deemed they were not in the interest of national security. Heitcamp said that mechanism was put into the legislation to respond to concerns about runaway gasoline prices.
The White House said on Wednesday it does not support Senate efforts to reverse the ban even though Heitkamp's bill contains the provision.
However, Heitkamp said she and others were talking with senior White House officials on a regular basis. She said she was confident President Barack Obama could support a balanced bill doing away with the ban if it included measures such as backing renewable energy like solar and wind power.
Pulling that off could be difficult. Adding a measure to make tax breaks for renewables permanent could cause other senators in states heavily reliant on coal sales to back away from the bill.
Heitkamp said it was premature to discuss what kinds of deals could be made to eventually pass the bill, but that some of the issues on the table could be "surprising."
Oil producers say the domestic drilling boom will eventually be choked if the trade restriction, which Congress passed in 1975 after the Arab oil embargo, is not lifted.
Opponents to lifting the ban say it could hurt employment in oil refining and shipbuilding and damage the environment.
A senior Saudi prince has launched an unprecedented call for change in the country’s leadership, as it faces its biggest challenge in years in the form of war, plummeting oil prices and criticism of its management of Mecca, scene of last week’s hajj tragedy.
The prince, one of the grandsons of the state’s founder, Abdulaziz Ibn Saud, has told the Guardian that there is disquiet among the royal family – and among the wider public – at the leadership of King Salman, who acceded the throne in January.
The prince, who is not named for security reasons, wrote two letters earlier this month calling for the king to be removed.
“The king is not in a stable condition and in reality the son of the king [Mohammed bin Salman] is ruling the kingdom,” the prince said. “So four or possibly five of my uncles will meet soon to discuss the letters. They are making a plan with a lot of nephews and that will open the door. A lot of the second generation is very anxious.”
“The public are also pushing this very hard, all kinds of people, tribal leaders,” the prince added. “They say you have to do this or the country will go to disaster.”Saudi Arabia has withdrawn as much as $70 billion from global asset managers as low oil prices continue to put financial pressure on OPEC’s largest producer, according to financial services market intelligence company Insight Discovery. Saudi Arabia is likely to post a deficit of 19.5% of GDP this year amid low oil prices due to a global glut,according to information from the International Monetary Fund.