Episode 1013: Think Tank: China, energy transition spur volatility in oil, chemical markets

As China’s economy decelerates and the shift to renewable energy gathers pace, prepare for much greater volatility in oil and chemical markets. -          China enjoyed stellar economic and chemicals growth 1992-2021-          Burst property bubble, poor demographics now drag economy down-          Possibility of negative polymers growth-          China needs to diversify economy, invest in pensions and healthcare-          Rapid switch to renewables undermining oil markets-          End of fossil fuel age will bring huge volatility to oil and chemical markets-          Major new EU climate legislation faces criticism for lack of industry focus-          World economy may be mired in industrial recession