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WoodMac expects China to account for 40% of increase in global oil demand in 2023, equating to 1 million barrels/day of 2.6 million barrels/day rise; increased use won't take prices back to 2022 levels, as markets have adapted to Russia-Ukraine war chaos

Rusal's 2022 profit plummets almost 45% to US$1.8B from a year ago on inflation and geopolitical tensions; company says aluminum sales 'remained virtually unchanged' after rebuilding raw material supplies and supply chains

The Week in Chemistry: US PE contracts poised to settle at a rollover for February, polymer-grade propylene rises steeply on March 2 to US$0.71/lb; South Korea petrochemical makers opt for naphtha feedstock from South Africa, avoiding Russian naphtha

Glencore willing to exit US$16B aluminum deal with Russia's Rusal; under Glencore's current policy of not doing any new business with Russia, company will not renew a deal with Rusal when it expires next year

Porsche to significantly raise prices in the middle of year to offset EV development costs, tight supply chains, geopolitical tensions, inflation; new Porsche EV models to be priced 10% to 15% higher than comparable gasoline-powered versions

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