According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on April 28, 2023, oil prices were lower this week on weaker economic news and deepening concerns about the health of the banking sector. U.S. natural gas prices were higher than last week but remain low at the start of the spring/summer rebuild season. The combined oil and gas rig count rose by five to 750.
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American Chemistry Council
The American Chemistry Council (ACC) represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy.
