A Perfect Storm For Petrochemicals The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and economic downturn

The decline in Brent oil prices, which heavily influences feedstock costs for naptha in Asia (which competes against North American polyethylene), has brought costs down. U.S.-based petrochemicals are more heavily weighted towards ethane as a feedstock, which is linked to natural gas liquid prices, not crude oil.

Posted: 2020-06-05 00:12:00

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