Best of Bloomberg Markets Middle East (Full Show 05/05) - Bloomberg:
"Bloomberg's Manus Cranny takes a look at the week's top stories and best interviews from the Middle East. (Source: Bloomberg)"
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Friday, 6 May 2016
The Unloved Business That's Saved Big Oil From Low Energy Prices - Bloomberg
The Unloved Business That's Saved Big Oil From Low Energy Prices - Bloomberg:
"Big Oil is suddenly Big Chemical.
For years, the business of turning gas and crude into the chemicals used to make everything from plastic bags to paint has been a mostly unloved corner of the world’s largest oil companies. Now, it’s shining, cushioning companies from Exxon Mobil Corp. to Royal Dutch Shell Plc from the worst energy price slump in a decade.
“Chemicals are coming back on to the radar screen,” Simon Henry, chief financial officer at Shell, Europe’s largest oil company, said on Wednesday."
'via Blog this'
"Big Oil is suddenly Big Chemical.
For years, the business of turning gas and crude into the chemicals used to make everything from plastic bags to paint has been a mostly unloved corner of the world’s largest oil companies. Now, it’s shining, cushioning companies from Exxon Mobil Corp. to Royal Dutch Shell Plc from the worst energy price slump in a decade.
“Chemicals are coming back on to the radar screen,” Simon Henry, chief financial officer at Shell, Europe’s largest oil company, said on Wednesday."
'via Blog this'
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