“Given the volatility in oil prices, we are looking at ways to optimize our feedstock production,” acting CEO Al Benyan said in a news conference in Riyadh.

RIYADH (ICIS)--Petrochemical suppliers in Saudi Arabia are bracing for further downward pressure on prices upon Iran’s re-entry into the global market scene, after years of virtual absence forced on Tehran by nuclear-related international sanctions, industry sources said on Wednesday

By Joseph Chang, New York and Nigel Davis, London