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Oil Is the Raw Material for Almost Everything Humans Make. Which Products, for Instance, Are Affected by High Oil Prices?

Summary by NRC Handelsblad
From packaging and textiles to paint and medicines: the global economy is built not only on oil as fuel, but also as a raw material. However, rising raw material prices do not pass through to product prices as quickly. Four petroleum-based products highlighted.

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NRC HandelsbladNRC Handelsblad
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Oil Is the Raw Material for Almost Everything Humans Make. Which Products, for Instance, Are Affected by High Oil Prices?

From packaging and textiles to paint and medicines: the global economy is built not only on oil as fuel, but also as a raw material. However, rising raw material prices do not pass through to product prices as quickly. Four petroleum-based products highlighted.

·Netherlands (Kingdom of the)
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  • 100% of the sources lean Left
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NRC Handelsblad broke the news in Netherlands (Kingdom of the) on Monday, March 23, 2026.
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