Daily Chemical Reactions

Fade Into You – Energy Producer Chemical Ambitions Continue To Rise, Dampen Many Profit Cycle Outlooks
March 14, 2023
Commodities Mentioned:
Plastics (PVC, PP, PE, PU, PC, PET, etc.), Clean Energy Minerals, Carbon Dioxide, Hydrogen, Natural Gas/NGLs, Crude/Naphtha
Companies Mentioned:
Aramco, Enterprise Products, Navigator Holdings, Lummus Technology, Citgo, ConocoPhillips, Petronas, HFI, Chesapeake, Ineos, Siemens, Sinopec, Oracle, Thyssenkrupp, Unigel, Itafos, LyondellBasell, Corteva, Bunge, Chevron, Sunnova, Chevron Phillips Chemical, QatarEnergy, BASF, Albemarle, Cleveland-Cliffs, BHP, Nucor, X-Energy, Mitsubishi Power, Eni, DIC, Idemitsu, Volkswagen, Tesla, Honda, United Airlines

Daily Chemical Reaction

Fade Into You – Energy Producer Chemical Ambitions Continue To Rise, Dampen Many Profit Cycle Outlooks

Key Points:

  • Global energy and chemical producer integration efforts reflect positive momentum as energy producers fear falling fossil fuel demand and look for growing downstream product chain outlets.
  • Aramco FY 2022 results commentary and outlook highlights a view that capital investment in growing oil production will unlikely keep pace with demand in the near-to-medium term.
  • We discuss Aramco initiatives to cut GHG emissions and extend its value chain into chemicals, reflecting some general strategic similarities to peers, such as ExxonMobil and CP Chemical.
  • We highlight recent movements in critical mineral prices and discuss their primary demand drivers, supply needs, and related macro and micro-market challenges to reach net zero targets.
  • Global container freight rates weakened further WoW, lessening many supply-chain concerns, though demand headwinds remain a concern amid deteriorating consumer affordability trends.

See PDF below for all charts, tables and diagrams


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