Tag Archives | oil prices

Oil Price Chaos: What It Means For The Planning Process

By John Richardson

FIRST of all, we were told that $100 a barrel, or thereabouts, was the natural price for oil.

And then we were told this after the price collapse: “Not to worry, this is just a temporary supply …

Continue Reading

US Petchems: Victim Of A Black Swan? What Black Swan?

 

By John Richardson

JIM Gallogly, the former CEO of LyondellBasell, has advised US petrochemicals companies to “think very, very hard” about new investments.

“Some of you simply are going to be too late. And you need to recognise where …

Continue Reading

Oil Supply Rising On Efficiency Gains, Govt Policy

By John Richardson

FOR most of the time from 2009 until the end of H1 2014, understanding what was going on in petrochemicals markets was pretty easy.

The price of oil was stable in the region of $100 a barrel …

Continue Reading

China’s Polyolefins Recovery On Shaky Ground

By John Richardson

CHINA’S polyolefins markets were in a muddle last week as a result of resilient offer prices for imported material versus a fall in pricing for domestic cargoes.

Domestic polyethylene (PE) prices were largely softer, but local distributors …

Continue Reading

China’s Polyolefins Price Recovery: The Role Of Crude

By John Richardson

THE  above chart is a useful reminder of the role that crude prices has played in influencing the pricing of polyethylene (PE) and polypropylene (PP) in Asia since January of last year (I have picked just two …

Continue Reading

The Long Term Average Price Of Oil Is $30 A Barrel

By John Richardson

OIL and petrochemicals markets have behaved from mid-February until today as if the world is about to return to the way it was in the first half of last year.

Here is the thinking behind this behaviour:…

Continue Reading

Be Very Careful Of the $60-70 Oil “New Normal”

By John Richardson

THERE is an argument being made that the recent stability in oil prices will continue as crude enters a “New Normal” of $60-70 a barrel.

This type of thinking seems to have had an effect on petrochemicals …

Continue Reading

Stand Back And Think: Can This Oil-Price Rally Really Last?

By John Richardson

THE talk in oil markets right now is largely about falling US rig counts and how this has resulted in tighter supply.

But it is very important to note that this focus on the rig count is …

Continue Reading

A Perfect World? If Only It Were So

By John Richardson

IN A perfect world everything always turns out for the best in the end.

And so quite a few people who argued that high oil prices were good for the global economy, as they said that expensive …

Continue Reading

Global Economy: “When Elephants Fight, The Grass Suffers”

HERE are some very disturbing statistics:…

Over the last five years, US oil and gas companies have issued bonds and taken out loans that are together worth $1.2 trillion, according to data from Dealogic. This has created at least 200,000

Continue Reading