With crude oil prices expected to remain “lower for longer”, what impact does this have for downstream producers and petrochemicals? One outcome of the projected gasoline demand peak, is that global oil demand growth will slow and become increasingly reliant upon petrochemicals. Petrochemical demand growth is focused on Asia, however supply growth is in North America, reflecting ethane availability. As a result supply chains are becoming longer.
In this presentation, Alan Gelder, VP Refining – Chemicals and Oil Markets, examines these issues with the emergence of mega trends in oil, refining and olefins. To receive an exclusive copy of Alan’s presentation complete the form on this page.
In the below video Alan looks at why oil prices are remaining subdued?