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Oil Storage, China Credit Threaten Crude-Price Rally

By John Richardson

MANAGE your naphtha and other raw material inventories incredibly carefully over the next few months, as you cannot afford to believe the hype that oil prices have definitively, without doubt, bottomed out.

This has to be the …

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Chemicals Companies Need Security Of Demand

By John Richardson

MUCH of the focus of last week’s Asia Petrochemical Industry Conference (APIC) in Singapore  once again seemed to be about feedstock advantage.

This included several charts ranking the competitiveness of the three major categories of ethylene producers …

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US Water Crisis: Be Part Of The Solution, Not The Problem

By John Richardson

IT SHOULD be pretty obvious to all of us that there is a huge gap in the provision of basic needs in the emerging world. Just look, for example, at the some 2.3bn people who in 2015 …

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Go Where The Money Is: Sanitation And Water

By John Richardson

HOW do you define global progress? Is it the number of extra people each year who are able to afford to buy a smartphone, or is it the number of additional people who are given access to …

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The Dollar, Yen and Euro Battle: Implications For Crude Oil

By John Richardson

STILL don’t buy the argument of the role of central bank money in distorting the oil prices, which I made last Friday when I argued that is more of this cheap money that is behind today’s oil …

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Oil Prices: You Must Answer The Supercycle Argument

By John Richardson

THE continuing failure of genuine price discovery in oil markets was perfectly summarised  by the the Wall Street Journal today, when it wrote:

Commodity hedge funds added $4.1 billion in the first quarter, their best quarter in …

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Sitting On The Fence Involves Choosing Failure

By John Richardson

IF you choose not to decide, you still have made a choice. So the choice today is yours. If you remain on the fence, still unsure about whether the end of the Supercycle is real or not, …

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European Polyolefins: Rebuilding The Bridges

 

By John Richardson

SHOULD any petrochemicals value chain be a zero-sum game – a constant battle between suppliers and customers to determine who emerges as the single winner in any one month or quarter?

No, absolutely not. It is …

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Beware Of Oil-Price Rally: Nothing To Do With Fundamentals

By John Richardson

PEOPLE are once again at risk of dangerously over-exposing themselves to a further collapse in oil prices following yesterday’s increase to the highest levels since November 2015. The obvious risk  is that there will be stock building …

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A Letter to Janet Yellen: Why People Expect Low Inflation

Last month, Janet Yellen, the chairman of the US Federal Reserve ( see picture on the left), admitted in a briefing to the Economic Club of New York that she was baffled by the lack of strong future inflation expectations …

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