# Crude oil and Ethylene oxide

Crude oil is a raw material for ethylene oxide; their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-ethylene-oxide/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Ethylene oxide](https://www.materialinsights.org/chemicals/ethylene_oxide/) (chemical): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → Ethylene oxide*

Ethylene oxide is made from crude oil: it is one of the raw materials its production routes start from.

### 2. Price link: upstream feed

*Cost and price · Moderate · Both ways*

Naphtha-based crackers in Asia and Europe tie ethylene oxide costs to crude. Brent moves with the proxy at 0.23 monthly and 0.58 yearly, diluted because the proxy spans many chemicals.

- **0.23** monthly change correlation
- **0.58** 12-month change correlation
- **0.15** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.