Petchems producers can see better times ahead
US petchem producers look to brighter tomorrow
After being battered by unprecedented weather events and demand loss over the past year, the industry is hoping for much-needed market stability
The US petrochemicals sector has managed to weather the storm—both figuratively and literally—with operators outlasting a global health pandemic, an overactive hurricane season and more recently an Arctic blast that ripped through the heartland of Texas’ energy sector. Margins across the downstream sector are also rapidly recovering as economic lockdowns in the developed world wind down. And robust global capacity for feedstocks provision is helping offset lost capacity from the US Gulf Coast. Indicative cracker margins in both the US and Europe have doubled between Q2 last year and the first half of 2021. 70pc – Ethylene price jump in March But US margins may have already peaked, w
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
