Lanxess sees oil price in range of $100-$110 per barrel

Lanxess warned that oil prices are expected to remain high over the coming months, with elevated energy costs likely to continue pressuring the chemicals sector. The company links the outlook to Middle East conflict-related disruption in fuel and feedstock markets. The news is cautious for chemical producers, but the broader market impact appears limited.

Analysis

Lanxess warned that oil prices are expected to remain high over the coming months, with elevated energy costs likely to continue pressuring the chemicals sector. The company links the outlook to Middle East conflict-related disruption in fuel and feedstock markets. The news is cautious for chemical producers, but the broader market impact appears limited.