Oil rises again, far exceeding expectations!
On June 2, local time, according to EU sources, the 27 EU member states officially approved the sixth round of sanctions against Russia after a one-day delay due to Hungary’s opposition. Up to now, crude oil has been on the rise as a whole, which has led to the rise of products and all links in the same industry chain.
Under the pressure of high global oil prices, the chemical market will continue to have a high price pattern in 2022. The three-month stalemate in Russia and Ukraine has caused a slowdown in European and even global economic activities. The recently launched sixth round of sanctions and crude oil bans It may further exacerbate the imbalance between supply and demand, causing crude oil and its downstream products to rise. With the current economic recovery, presumably prices will remain high in the future.
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