2min chapter

The Macro Brief by HSBC Global Research cover image

Oil's surge

The Macro Brief by HSBC Global Research

CHAPTER

Growth of Petrochemicals and Uncertainty in European Gas Market

This chapter discusses the increasing demand for plastics and its impact on GDP growth, particularly in industries like lightweighting for fuel consumption reduction in cars. The episode also touches upon the gas market, highlighting storage levels in Europe and the potential outcome for the upcoming winter heating season, which is uncertain due to the loss of base load Russian supply.

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