
Split Decision: One Energy Shock, Two Very Different Paths to Cost Relief
General Thoughts: Recent crude relief is narrowing oil-linked costs faster than gas-linked economics, preserving North America’s ammonia and methanol advantage as energy markets normalize unevenly.
Supply Chain/Commodities: Ammonia pricing should remain supported as disruptions constrain deliverable supply and selective investment increases the market’s dependence on existing low-cost production.
Energy/Upstream: Middle






