Pipeline CEO warns of petrochemical supply risks from war
after close1 source ↓written by the desknot a recommendation
- of crude oil
- 12-15 million barrels per day
Investors may be underestimating the impact of potential closures in the Strait of Hormuz on global petrochemical flows, according to Enterprise Products Partners CEO Jim Teague. He noted that 12-15 million barrels per day of crude oil and refined products could be constrained due to ongoing conflicts in the region. This sentiment echoes concerns from other industry leaders, indicating possible tightness in feedstocks ahead.
Not investment advice. For informational purposes only.