HP Impact: HPImpact: What are the consequences of high oil and gas prices?
Continuing high oil and gas pricing may have long-term effects on the international petrochemical industry through product pricing, feedstock selection and market competitiveness. Currently, both crud..
Continuing high oil and gas pricing may have long-term effects on the international petrochemical industry through product pricing, feedstock selection and market competitiveness.
Currently, both crude oil and natural gas prices are at an unusually high level. They could stay high for some time, according to some expert analysts. Historically, the general trend is for natural gas prices to close the gap with oil prices in relative terms. If they remain high, hydrocarbon prices will eventually have an impact on the global petrochemical industry in the long term.
They could lead to momentous changes in this mature industry, which generates a yearly turnover of $650 billion, or about 40% of
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