Tag Archives | IEA

US-Crude-Production-Romm-Climate-Progress.gif

US Oil: Nothing Is Uncertain As Certainty

By John Richardson

ALL of yesterday’s excitement about the US overtaking Saudi Arabia and Russia by 2017 to become the world’s biggest oil producer – and exceeding Russia to become the world’s biggest gas producer by 2015 – needs to …

Continue Reading
Aromaticslogo2s.jpg

Saudi Aramco, Dow, Shell, IEA To Speak At Berlin Conference

Next month’s World Aromatics conference is a must-attend event for anyone involved with the industry.

It features an impressive line-up of major players, including Saudi Aramco, the world’s largest oil company, as well as Dow, Shell and the International Energy …

Continue Reading

Oil Prices And Demand Destruction

By John Richardson

THE danger that high oil prices pose to the global economy, and therefore, of course, petrochemicals demand, has been highlighted by a new report from HSBC.

It makes the point that quantitative easing, which has led to …

Continue Reading

Saudi Petchem Production Threatens Recovery

By John Richardson

RISING oil production in Saudi Arabia has resulted in bigger volumes of polyethylene (PE) being delivered into Asia-Pacific markets, a source with a major plastics processor told the blog late last week.

“Saudi Arabia has definitely, in …

Continue Reading

European Markets Weaken Further

By John Richardson

THE dreadful state of European polyolefin markets became even more evident late last week as prices continued their declines.

Discussions on further reductions in European olefin contract prices were also set to begin today.

High density polyethylene …

Continue Reading

Chemicals Buying & The IEA Decision

 

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 …

Continue Reading

Some important new petchem trends

To keep you updated on what we believe is happening in petrochemicals, here are some important recent trends:

*Futures markets in China are playing an increasingly important role in influencing pricing in polyolefins, methanol and PTA. Trading volume on the …

Continue Reading

Are We On A Different Planet?

“Hello, my name is John Richardson.
I had an accident, and I woke up in 1973.
Am I mad, in a coma, or back in time?
Whatever’s happened, it’s like I’ve landed on a different planet.”
Before you think I’ve …

Continue Reading