Source: Reuters (via feed)
Global oil inventories total nearly 11 billion barrels. Oil prices have risen above $100 per barrel. However, stocks are not evenly distributed across regions. Some sectors, such as gas-reliant chemicals, face uneven effects from the price increases. These price surges impact incumbents in those sectors differently.
BizTrendWire Insight:
Oil inventories remain high globally, while prices exceed $100 per barrel. Price effects vary across sectors reliant on different energy sources.
Oil inventories remain high globally, while prices exceed $100 per barrel. Price effects vary across sectors reliant on different energy sources.
