While contracts generally contemplate foreseeable contingencies, they are unlikely to have made allowance for the pandemic outbreak and its far-reaching impact in the absence of any recent and related experience.
The recent uptick in industrial/ business activities and gradual re-opening of economies are set to strengthen the demand for polymers.
In response to falling fuel demand, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData.
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Demand for motor gasoline increased in May as many US states began to relax stay-at-home orders, but demand for jet fuel continued to decline because of reduced commercial air travel.