Uncertainty over the Libyan situation is raising questions over the potential impact to its exports. The blog’s IeC colleague, Bob Townsend, has therefore done a quick analysis of the 3 main products that might be impacted – ethylene and propylene (blue columns), and methanol (green, right hand scale). As the chart shows, using data from […]
Chemicals and the Economy
Oil prices – the Libya factor
The blog’s recent White Paper, ‘Budgeting for Uncertainty’, warned that “geo-political issues have been quiet recently, but the potential for Middle Eastern conflict cannot be ignored, with its potential to impact oil supply and prices“. Just a few weeks later, they have now taken centre stage.Libya is the main issue, and events there are being […]
Dow integrates upstream via Kuwait deal
Dow has been unique amongst the world’s largest petchem companies in not being integrated upstream into oil and refining. This position will change dramatically at the end of 2008, when its newly-announced JV with the PIC subsidiary of Kuwait Petroleum opens for business. Not only will Dow then integrate its ethylene/PE business, but it will […]
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