In this month’s issue, Olga Gorstenko’s editorial letter discusses current low oil prices, which are the focus of international attention, as well as China’s position in oil markets. Yi-Jeng Huang’s In Depth article reviews the economics of steam cracking, examining short- and medium-term market trends. Using petrochemical margin models, Huang evaluates the viability of crackers in the EU, Asia, and U.S. Gulf Coast. Numerous short articles provide updates on recent Middle Eastern support of expanding Chinese oil markets, the new ZEMA-FutureSource solution, and more.
