"Any escalation or expansion of hostilities could adversely affect global supply chains, commodity prices and macroeconomic conditions, highlighting the interconnectedness of geopolitical events and market stability."
"The surge in oil and gas prices has increased input costs across the petrochemicals industry, while also raising shipping expenses as companies adjust logistics routes to avoid high-risk areas."
Ineos experienced a significant loss of $593 million, attributed to rising energy costs, supply chain disruptions, and geopolitical tensions. Losses before tax rose from $71.1 million the previous year, while revenues decreased from €16.2 billion to €14.3 billion. The company cited escalating tensions in the Middle East as a major risk, warning of potential disruptions to global energy markets. The surge in oil and gas prices has increased input costs, particularly affecting the European chemicals sector, which faces structural challenges and declining demand.
Read at Business Matters
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