Europe’s Chemicals Sector Gets a Brief Reprieve | HappeningNow.news

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Europe’s Chemicals Sector Gets a Brief Reprieve

The battered European chemicals industry has just closed a weak but still better-than-expected first quarter as the supply shock from the Middle East hit Asian petrochemical makers amid dried-up naphtha and other feedstock supplies from…

Source Summary Published May 12, 2026 Brief Under 1 min brief
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Summary

The battered European chemicals industry has just closed a weak but still better-than-expected first quarter as the supply shock from the Middle East hit Asian petrochemical makers amid dried-up naphtha and other feedstock supplies from the Persian Gulf. Asia’s petrochemicals sector is highly dependent on naphtha, liquefied petroleum gas (LPG), and methanol from the Persian Gulf.

Read original at Oilprice

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