National Average Price for Regular Unleaded Current: $3.034; Month Ago: $3.073; Year Ago: $3.122. National Average Price for Diesel Current: $3.505; Month Ago: $3.554; Year Ago: $4.016.

Faced with dramatic increases in the cost of Azo intermediates and related raw materials, Sun Chemical Performance Pigments will raise its global prices on Azo pigments, specialty pigments and their pigment preparations, effective January 1, 2018. “The cost of Azo intermediates and other key raw materials have increased significantly and continue to do so, impacting the pigment industry,” said Chris Weighill, Vice President and Global Classical Pigment Product Manager, Sun Chemical Performance Pigments. “The expectation is that there will be no short-term relief in sight for these rising costs—forcing us to increase our prices. While we regret the necessity to take this action, current market conditions dictate that we must adjust our prices. We will continue to explore other cost reduction opportunities and productivity gains to offset the rising costs of raw materials.”

Futures rose 1.6 percent in London. The curbs will last to the end of 2018, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in the middle of next year, they said. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday. Futures rose 1.6 percent in London. The curbs will last to the end of 2018, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in the middle of next year, they said. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday. Click Read More below for additional information.