Lazell, Mark
July 2006
ICIS Chemical Business;7/24/2006, Vol. 1 Issue 29, p13
Trade Publication
This article points the war between Israel and Hezbollah group based in Lebanon has spurred Japan to look to West Africa and Russia or even as far as Brazil for a secure source of energy. The latest Middle East crisis has ratcheted up tensions in an already volatile region. But the chance that |ran and Syria could be embroiled into a wider war could compound an already delicate situation. Oil prices hit highs during the first few days of fighting, but despite a price fall back, oil traders in Singapore suggest prices could rise to $80/ bbl. Japan is only just beginning to drag itself out of deflation and into a new period of economic growth, which is buoying consumer demand. This growth has got Japanese chemical producers excited.


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