Daily Chemical News Recommendation (Aug 15 2018)

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>> Turkey steel, aluminum tariff-hike documents to be prepared: White House

"As he stated, the President has authorized the preparation of documents to raise tariffs on imports of steel and aluminum from Turkey," the White House told pool reporters, according to the statement shared with S&P Global Platts. "Section 232 tariffs are imposed on imports from particular countries whose exports threaten to impair national security as defined in Section 232, independent of negotiations on trade or any other matter."  [More]

 >> Crude futures settle lower as market seeks direction

October ICE Brent crude settled 20 cents/b lower at $72.61/b, while the September NYMEX WTI crude settled 43 cents/b lower at $67.20/b. 

In refined products, September NYMEX RBOB slipped 2.45 cents to settle at $2.0147/gal while September NYMEX ULSD edged down 27 points to settle at $2.1370/gal.

Saudi Arabia's 200,000 b/d July production drop to 10.29 million b/d as reported in OPEC's monthly report shows Saudi Arabia is "not doing what they said," said Gene McGillian, analyst with Tradition Energy.[More]