Monthly Thematic Piece

Some Additional Take-Aways From Our Low Oil Study
March 31, 2020
Products Mentioned:
Ethylene, Polyethylene, Brent, Natural Gas
Companies Mentioned:
LyondellBasell, Oxychem, Westlake, Lotte, Sasol, CPChem, Celanese, Shell, BASF, Nova, Indorama, ShinEtsu, Formosa, Total/Baystar
Subjects Covered:
Oil Prices, Oil Prices In A Recovery, Ethylene Cost Curves

C-MACC Perspectives No 7

Some Additional Take-Aways From Our Low Oil Study

Yesterday we published our $20 crude and its impact on chemicals analysis.  As we sent it to each client and subscriber, we added a short, tailored set of thoughts as they applied to each company, whether they were a chemical producer or investor. 

During the process of writing these summaries it triggered some additional thoughts around today’s environment and how it differs from what we have seen before, and especially how it differs from the early 80s, when we saw Brent oil prices fall from $26 per barrel to $11 per barrel in then current dollars, roughly the equivalent of a fall from $57 per barrel to $25 per barrel in current dollars (very close to what we have seen for Brent so far this year.



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