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  1. Polymer Prices

    After a long rally, a fall, then a bounce? How oil prices will change and how adjacent markets will react. In early December, the cost of Brent crude oil fell below USD 68 per barrel on the ICE in London, having dropped by almost 10% on the first day of the month on the back of the US decision to release 50 million barrels from America’s strategic reserves. Several other countries have ...

  2. Petrochemicals in facts and figures

    ... times also continued to be an issue, which led to imbalances between demand, supply and pricing for many petrochemical products in Europe, Asia and the USA. Analysts expect that logistical problems will persist until at least year-end 2022. Oil market: Brent + 12% In the second quarter, the average Brent price grew 12% quarter-on-quarter to USD 69 per barrel amid a number of factors. Firstly, demand from end users rose by 2 mbpd. Secondly, non-OPEC+ countries, including US shale oil ...

  3. Petrochemicals: numbers

    ... level as in Q4 2020: 93 mbpd—this is 1 mbpd lower than produced. Tight rein of OPEC+ countries, voluntary oil production cut by Saudi Arabia (by 1 mbpd from February to April) plus expected restoration of demand resulted in 40% hike of the average Brent price versus Q4 2020. In the reviewed period it reached $61/bbl. Growth continued in April and May, and in June the futures went above the technically crucial point of $71/bbl and dashed toward the range of $74-75/bbl. According to forecasts, by ...

  4. SIBUR analytics

    ... olefin capacity was closed. According to an ICIS estimate, around 26 mtpa of ethylene capacity (67% of total US capacity) and 11 mtpa of propylene capacity (50% of total US capacity) had to be shut down. Oil prices: raising forecasts The average Brent price in Q4 2020 stabilised at USD 44 per barrel (demonstrating volatility in the range between USD 36 per barrel at the end of October and USD 52 per barrel at the end of December). While the demand for oil continued to recover, the rate of growth ...