Petrochemical margins in 2017 are expected to come under pressure due to rising oil prices, Austrian energy company OMV said on Thursday as it released its 2016 financial results.
"Petrochemical margins are estimated to slightly decrease in 2017 vs. 2016 following oil price recovery," the company said.
OMV reported its petrochemical margin for 2016 at an average of Eur366/mt (about $389/mt). Total sales volumes for petrochemicals rose 1% in 2016 and were reported at 2.31 million mt.
