Episode 1338: Think Tank: Oversupply will push oil prices down, boost chemicals
ICIS - chemical podcasts
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OPEC's Strategic Shift and Oil Price Dynamics
This chapter examines OPEC's recent decision to increase oil production in response to falling crude prices, particularly focusing on Saudi Arabia's influence. It highlights the implications of this shift for the petrochemical market, as well as the impact of reduced economic growth and trade tensions on oil demand. The discussion also reflects on historical patterns within the oil market, linking lower prices to potential increases in petrochemical demand amidst forthcoming challenges.
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