A number of recovered paper grades remain stable in much of the U.S., while some grades are seeing continual decline and shipping rates remain low. Prices for old corrugated containers (OCC), mixed paper and old newspapers (ONP) were unchanged at domestic mills in the Northeast, Midwest, Southeast and Southwest as of Sept. 4 compared with Aug. 5, according to PPI Pulp & Paper Week's pricing survey. On the other hand, sorted office paper (SOP) declined by $5 to $10 per ton across the U.S. OCC pricing along the West Coast also saw its first decline since March, when prices dropped $5 per ton for domestic mills. PPI Pulp & Paper Week says this decrease in price occurred even though export levels increased primarily because of the lowest shipping rates in years.
The French-based agency said oil supplies for the first half of 2019 surpassed demand by nearly a million barrels a day. The IEA added the global oil surplus for the second quarter was 500 million per day.
The IEA said surpluses have occurred despite a decision by OPEC and its allies to keep 1.2 million barrels of oil per day off the market since the beginning of 2019.
more at source: https://www.upi.com/Top_News/World-News/2019/07/12/Intl-Energy-Agency-expects-worldwide-oil-glut-in-2020/8881562928385/