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china: A glut of made-in-China plastic will dent oil's growth machine

China s investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as a slower-than-expected rebound in demand means oversupply of materials that go into plastic-making such as ethylene and propylene is on the horizon. The construction of more than 20 petrochemical projects in China, set to be completed this year, will increase China s already significant market share of global manufacturing capacity to nearly a quarter by the end of 2020. ....

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A Glut of Made-in-China Plastic Will Dent Oil's Growth Machine

(Bloomberg) Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back ....

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A glut of made in China plastic will dent oil's growth machine

Once touted as a key driver of global oil profits, the plastics industry is staring down years of anaemic margins as giant plants in China look set to send a deluge of production into the market. ....

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Asia Is Keeping Russian Energy Profitable, But For How Long?

While Russia has been able to keep its energy revenue flowing by pivoting its exports to Asia, the impact that Russia’s invasion of Ukraine has had on the energy transition will ultimately badly hurt Russia’s energy industry ....

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Asia Is Keeping Russian Energy Profitable, But For How Long?

All of Europe’s efforts to slap sanctions on Russian oil and gas may have been in vain. While the European Union has shown considerable succ. ....

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