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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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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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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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The Doha Oil Meeting: Were You Ahead Of The Curve?

By John Richardson

IT WAS tremendous whilst it lasted for the hedge funds and will have enabled them to make a lot of money – the ones who, of course, had the good sense to switch from long to short …

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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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Saudi Arabia, Refining And The Battle for Crude Market Share

By John Richardson

SAUDI ARABIA is determined to win its battle for greater market share of the global oil market, and at the same add value downstream to its hydrocarbon reserves. This is the consistent message I have picked over …

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Why US Natural Gas Will Stay Very Cheap

By John Richardson

CONVENTIONAL thinking about US natural gas prices is that they will start to edge up over the next few years.

Reasons include major shale gas investment cutbacks resulting from the recent collapse in US natural gas pricing.…

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China: Defining The Real, Future Profit Motive

By John Richardson

IF you picked up the phone and talked to the right people, or sat down with them face to face, it was possible to in the past come away with the impression that creating and maintaining jobs …

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