Calls to limit plastic production as part of the recently-collapsed UN treaty talks were always likely to run into a wall of opposition given the importance of petrochemical feedstocks as a source of growth for energy producers. In the absence of a marked pick-up in the recycling and re-use of plastics, demand for natural gas liquids are on track to more than double by 2060. Meanwhile, the forthcoming talks between President Trump and President Putin are of obvious interest for energy market watchers, but a positive outcome and/or the prospect of an end to hostilities in Ukraine is unlikely to have a sizeable downward impact on either oil or EU natural gas prices.
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