An extended recovery period for crude oil prices, exceeding five years, would have dramatic implications for the global petrochemical industry and could mean a ‘Back to the Future’ experience for some companies and regions – creating a more competitive environment for naphtha producers, for example.
IHS has assessed this in detail in its recently released report titled, IHS Chemical Crude Oil Turmoil and the Global Impact on Petrochemicals Special Report.
“Oil price volatility is creating a nightmare for companies planning investments,” said Don Bari, Vice-President,Ttechnology and Analytics – IHS Chemical, and an author of the report. “The long-term recovery case, should it come to fruition, has the most significant implications for the market.”
... to continue reading you must be subscribed
