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

  • ExxonMobil, Berkshire Hathaway, and Eli Lilly are top holdings in the Avantis ETF.Mon 17:18
  • ExxonMobil will operate an unconventional hydrocarbon project in Azerbaijan, following an announcement by Rovshan Najaf.Mon 15:01
• BASF →

  German chemical company with worldwide reach

  • The chemical industry, including Bayer and BASF, is contending with competition from China while utilizing the Rhine as a vital link to global European markets.Sat 18:38
  • BASF operates through its North American business unit.Thu 01:56
• Middle East →

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

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• Ongoing conflict in the Middle East is causing global supply chain failures, specifically impacting the supply of key chemicals like fluorosilicic acid used in water treatment.Aug 14
• The Middle East conflict is causing supply chain risks for Asian economies, which are being highlighted by BIS through its chief representative in the region.Jun 28
• The Middle East conflict is causing a steep decline in fuel oil imports, leading to market pricing dynamics being compared between Fujairah and Singapore.Mon 12:59
• Middle East conflict is impacting global supply chains and trade.Jun 18
• Conflict in the Middle East causes the biggest supply disruption, impacting Marathon Petroleum.Sep 16