Petrochem demand to lag supply until 2002-03

Petrochemical capacity utilization in the US, Western Europe, and Asia, measured as a percentage of nameplate capacity, will rise to a peak in the mid-90% range by 2003, according to a price and profitability outlook analysis by Chem Systems Inc., Tarrytown, NY."The new capacity coming on stream over the next 2 years in North America, the Middle East, and Asia is expected to put downward pressure on the industry, with lower-than-average margins over the next year or two, before demand is expected to catch up with supply," said Chem Systems."A major driving force for the projected strength in the industry is buoyant demand in Asia, which has recovered from the economic crisis much faster t...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected