Episode 1071: Asia and Europe Propylene Brace for Upstream Volatility in Q4

Oil prices rose more than $3/bbl on Monday morning on concerns that the escalated military confrontations between Israeli forces and Palestinian Islamist faction Hamas over the weekend could disrupt output from the Middle East.  In the previous week on Thursday, the Brent benchmark had plunged 13% from its recent peak of over $97/bbl.With many olefins producers seeing thin margins on the back of sustained poor demand for downstream products, volatility in the upstream crude markets has had a significant impact on market sentiment. In this podcast, ICIS editors Julia Tan and Nel Weddle discuss the fourth quarter outlook for Asia and Europe propylene.