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.
The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world’s top producer.
Curious Minds Corner
Where was the world’s first commercial natural gas well drilled?