term has provided premium margins and low variability. The commodity segment represents ~60% of IVL’s EBITDA, at a significant 2 alpha to benchmark margins set in China, due to our global integrated

in agreement details. Thus, leaving the market once again anxious about another global recession to such a degree that the International Monetary Fund (IMF) lowered their GDP growth estimate for 2019

1.50 percent, though this was the first time in 22 meetings that the vote was split, prompting the market to be anxious that a policy rate hike may occur relatively soon. Meanwhile, US 10-year bond