Episode 576: China-Iran deal set to remap global petchems power dynamics

ICIS - chemical podcasts

English - April 07, 2021 00:00 - 19 minutes - 13.2 MB
Business chemicals prices business polymer trade Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Episode 575: US base oils 'incredibly volatile' after Texas deep freeze

Next Episode: Episode 578: China's styrene tends to see balanced fundamentals

OPEC's announcement last week of plans to gradually increase production underlines growing bullishness on the economy, but is the latest bid by the cartel to balance crude markets after years of trying, as peak oil approached.

At the same time, a huge new investment deal agreed between China and Iran is expected to integrate the Middle Eastern player into the Belt and Road initiative, further shifting global petrochemicals power balances.