ICIS reports European recycled base oil demand surged as Middle East conflicts tightened virgin supply, prompting blenders to increase usage ratios. Prices approached parity with virgin oil during sho
The Middle East conflict is disrupting global gas markets, posing supply security risks for chemical companies in Europe and Asia. ICIS experts discuss these implications in a new Think Tank podcast.
ICIS analysts predict a prolonged recovery for the global base oil market due to supply constraints and geopolitical conflicts. Group III supply is expected to shrink by 1.5 million tons this year, wi
China's latest policies reshape natural gas demand, hindering LNG trucking via electrification mandates while enabling coal-to-gas switching in heavy industries like steel and chemicals. Geothermal he
ICIS forecasts global base oils stabilization by late 2026 due to Middle East conflicts and Qatar facility outages, causing severe Group III shortages. Buyers face sustained price pressure and supply
A potential oil price surge to $140-150 per barrel risks triggering demand destruction and market volatility across global chemical sectors. Experts from ICIS and New Normal Consulting analyze these e
Global base oils anticipate a lengthy recovery following a bullish trend triggered by Middle East conflicts, facing challenges from drone attacks, high diesel competition, and shipping uncertainties.
Treasury Secretary Scott Bessent confirmed the US will not renew general licenses for Russian and Iranian crude sales, contributing to global oil prices trading around $95 per barrel amid supply disru
ICIS economist forecasts Iran conflict-driven oil spikes could raise US inflation while boosting chemical competitiveness via energy self-sufficiency. Severe scenarios risk pushing Brent crude to $140
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