Asian Chemical Connections
Upstream cuts and downstream concerns are likely to colour the Q1 reporting season, which kicks off this month.
SABIC grabbed the headlines earlier in April with its announcement of 1,050 job cuts in Europe. The cuts will be made from a European employee total of 6,000. In the Netherlands, where the company has its European headquarters and a number of chemical plants, 420 job losses are planned, according to union officials.
INSIGHT: Shell has decisions to make alongside Moerdijk headaches
"Much is being made of Shell's decision to cut capital spending by $15bn over the next 3 years, a greater cut than those announced by other oil & gas
VIDEO: ICIS special report - impact of lower crude oil prices