The UK’s benzene market is set for an exciting surge, projected to skyrocket to 2.1 million tons in volume and reach a staggering $1.6 billion in value by 2035, according to IndexBox’s latest report
Browsing: petrochemicals
Vitol is ramping up its oil purchases from Venezuela as the clock ticks down on a crucial U.S. license that allows these transactions. This bold move highlights the trading giant’s strategic maneuvering to lock in supplies while navigating the increasingly stringent sanctions on Venezuelan crude.
China and the U.S. are witnessing a surge in petrochemical trade, fostering closer ties amid an evolving global market. However, escalating tensions from the ongoing trade war could jeopardize these developments, casting uncertainty on future cooperation.