By John Richardson WE COULD now be in a destocking phase in petrochemicals markets as oil prices are falling on a surge in US production. This would obviously mean lower petrochemicals pricing, leaving companies that have overbuilt raw material inventories with substantial financial losses. I hope that most companies have been prudent. In January, the […]
Asian Chemical Connections
2018 Oil and Petchems: Risk Of Mistaking Apparent For Real Demand
By John Richardson PERHAPS the most important recent single paragraph of analysis, in the huge volume of analysis out there about oil markets, was this from Nick Cunningham in a 24 December article on oilprice.com: The [global crude] inventory surplus [OECD numbers] has dramatically narrowed this year, falling to just a little more than 100 […]
Stock Market Threats Far Wider Than Just North Korea
By John Richardson LAST WEEK’S steep fall in global stock markets was of course the result of rising US-North Korea geopolitical tensions. Some $1 trillion was wiped off equity values. We obviously all hope that the geopolitical tensions will ease. But that would still leave behind a bull-run in global equities that has mainly been […]
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