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Regions :: Africa :: Egypt

IHS: Egypt crisis could inflate petrochemical prices, impact global supply chains

5:46 AM MDT | August 23, 2013 | Francinia Protti-Alvarez

The civil unrest in Egypt has driven up prices for oil and certain associated petrochemicals and, based on an analysis of historic trends, a sustained increase in oil costs could result in a surge in petrochemical costs, inflating prices for a slew of products, says IHS Supply Chain Pricing & Purchasing. Crude oil prices soared back through the $100/bbl level in July, reaching an average of $104.70/bbl. They are expected to go up again, to $106.67/bbl, during August before easing as the end of the summer driving season reduces seasonal demand, IHS says...

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