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Goldman Sachs warns crude oil could soon swing into a deficit that will make 2024 difficult; Brent price could top US$100/barrel before next year, as industry is not spending enough to secure future production, and spare capacity globally is declining

LOTTE INEOS Chemical announces plans to develop third vinyl acetate monomer plant in Ulsan, South Korea, scheduled to start by end of 2025; site would bring total capacity to 700,000 tonnes compared to current 450,000 tonnes

Global containerboard capacity grew 10%--or about 20 million tons--from 2019 to 2021, but containerboard demand, capacity began to slow in second half of 2022; containerboard capacity down 2% year-over-year in North America, down 0.4% in Europe: Fisher

Linde engers long-term agreement to supply clean hydrogen, other industrial gases for OCI's new blue ammonia plant in Beaumont, Texas; new complex will be integrated into Linde's Gulf Coast industrial gas infrastructure

Global air cargo demand falls 15.3% year-over-year in December, while capacity falls 2.2% in a 10th consecutive monthly decrease compared to 2021 performance; full-year demand in 2022 fell 8%, while capacity increased by 3%

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