Major chemical producers ExxonMobil and BASF are citing the Middle East conflict as the cause of chemical and feedstock supply shortages impacting their operations.

The entities involved

• ExxonMobil →

  American multinational oil and gas corporation

  • Major energy companies are advancing diverse oil and gas projects across various sub-Saharan African nations, including Namibia, Mozambique, and Tanzania.Fri 14:43
  • A lawsuit was filed alleging that ExxonMobil contributed to climate change impacts.Wed 19:38
• BASF →

  German chemical company with worldwide reach

  • Stellantis is utilizing next-generation composite tunnel reinforcement, supported by collaborations involving BASF and L&L Products.Fri 13:00
  • BASF sponsored the NAMA Trends in Agriculture & NAFB Convention in Kansas City.Wed 12:20
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • The war in the Middle East has hammered the New Zealand economy, occurring while Christopher Luxon leads the ruling coalition.Sat 01:25
  • Sappi is facing operational challenges due to the ongoing geopolitical conflict in the Middle East, which is driving up petrochemical costs and market risks.Fri 23:57

Related events

• The Middle East conflict is causing a steep decline in fuel oil imports, leading to market pricing dynamics being compared between Fujairah and Singapore.Sep 28
• Conflict reduces global petroleum demand and constrains consumption, according to Kpler's demand forecasts.Thu 02:25
• Middle East war disrupted oil and gas supplies, leading to high fuel costs and inflation in Thailand.Sep 3
• S&P Global reports that the Middle East conflict is weighing on global growth, tracking manufacturing slowdowns in Japan, China, and South Korea.Nov 2
• The World Bank Group reports that conflict in the Middle East and El Nino are disrupting oil and grain supplies.Oct 28