Soaring Petrochemical Demand Sparks Major Profits ...Middle East

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Soaring Petrochemical Demand Sparks Major Profits
source : OILPRICE ( Middle East ) () 6
As major oil companies released their first-quarter earnings, profits from their petrochemical units hit record highs and demand for petrochemicals is only set to grow. According to Bloomberg, this trend is worrying for consumers as construction and manufacturing staples such as PVC and ethylene have increased substantially in price due to pandemic-driven demand, supply disruptions, and the post-Covid economic recovery.  There was a significant increase in demand for several products during the pandemic, most notably - packaging, medical goods,…

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