U.S. Tariffs Could Slash Global Petrochemicals Trade ...Middle East

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U.S. Tariffs Could Slash Global Petrochemicals Trade
source : OILPRICE ( Middle East ) () 116
Global petrochemicals trade could decline by 15% due to the U.S. tariffs upending destination flows, executives from the industry told Reuters on the sidelines of the APPEC conference in Singapore. “If tariffs remain in place, petrochemicals trading will see another 15% drop on top of the 34% drop it has seen in the last five years,” Ganesh Gopalakrishnan, global head of petrochemical trading at supermajor TotalEnergies, told Reuters. The overcapacity that has been building in the industry has led to large trading declines in recent…

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