Futures rose 0.8 percent after advancing 0.6 percent on Monday, rebounding from a weekly loss. Crude stockpiles probably slid by 750,000 barrels last week, a Bloomberg survey showed before an Energy Information Administration report due Thursday. Oil last week fell the most since May on speculation rising global output may offset supply curbs led by members of the Organization of Petroleum Exporting Countries. The output-cuts deal is set to expire at the end of March and the group is likely to discuss an extension at its next meeting on Nov. 30. Its de facto leader, Saudi Arabia, said state oil company Saudi Aramco will ship 560,000 barrels a day less than customers are requesting in November. Saudi Aramco plans to supply 7.15 million barrels a day “despite very strong demand” that exceeds 7.7 million barrels a day, the Saudi Energy Ministry said in a statement. Click Read More below for more of the story.
Sun Chemical has named Cyngient as a strategic distribution partner of its inks, coatings, and other solutions for offset, narrow web tag and label (NWTL), commercial sheetfed and folding carton printers.
The new partnership allows Sun Chemical and Cyngient to reach their North American inks customers faster and more efficiently, and jointly provide customers with technical and product support. Cyngient customers will now have access to Sun Chemical’s full range of solutions for the marketplace which can be combined with many of Cyngient’s specialties, including special effects, soft touch and tactile coatings, cold foil solutions, and in-mold products.
“Cyngient is much more than a distributor; they are a partner that develops relationships, provides technical service, does their own lab work and will serve as an extension of our technological capabilities,” said Dennis Sweet, Vice President – Commercial, Rycoline and Distributors, North American Inks. “Combining Sun Chemical’s technology and capabilities with Cyngient’s service to customers brings together the best of both worlds.”
“Sun Chemical is a global leader with the world’s largest research and development center dedicated to printing ink technology,” said Andrew Wasserman, Managing Partner, Cyngient. “We are excited at Cyngient to be a partner with Sun Chemical. We believe with this combined partnership, Cyngient can deliver leading edge ink technology, enhanced on-site training, along with delivering the highest level of service. This is truly a game changer for Cyngient and our customers.”