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Saying you “won’t do something” may stop you digging a bigger hole for yourself. But it doesn’t help in deciding what you should do instead. That’s OPEC’s dilemma today on raising oil output. Everything seemed simple enough a year ago, as the pandemic took hold: Saudi Arabia’s first reaction was to assume it would have
The post Iran highlights OPEC’s dilemma on output cuts appeared first on Chemicals and the Economy.
Our 13th annual World Aromatics & Derivatives Conference takes place in Berlin next week. Jointly organised as always by International eChem and ICIS, it features a must-hear list of speakers: ExxonMobil: Europe Business Director Tim Stedman will give a global market overview Dow Chemical: Global Business Director Pieter Platteeuw will discuss the future for benzene […]
World Aromatics and Derivatives Conference next week Read More
There has never been any fundamental basis for the rise in oil prices over the past 3 years:
• At no time has there been any actual shortage of product
• In fact, inventories have always been at comfortable levels
They rose only for two reasons:
…