By John Richardson CHEMICALS and polymer demand looks even less likely to be supported by “buying forward” following yesterday’s decision by the International Energy Agency (IEA) to release 60m barrels of crude into the market. Here is a bit of context first before we look at the implications of the IEA decision, which, along […]
Asian Chemical Connections
HSBC: Speculation Adds $30 To Oil
By Malini Hariharan GROWTH in China and other leading economies has slowed and oil prices have slipped but analysts are predicting strong prices for the rest of 2011 and 2012. Their reasoning is based on continued speculative activity in this commodity and geopolitical risks in the Middle East . HSBC’s recent report on this subject estimates […]
We are heading for $45 a barrel crude this year
SWIMMING IN OIL? Source of Picture: fashionfunky.com The threat posed by Iran test-firing its Shahab-3 missiles and a rally in US equities on increased M& activity in the drug and technology industries pushed crude slightly higher yesterday after last week’s steep declines. This is yet further evidence that the oil market is […]
Jump to page: