Tag Archives | oil prices

Too Good To Last for Asian Petchems? Yes

By John Richardson

IT has been a fantastic few months for the integrated Asian polyethylene (PE) producers as the above chart illustrates.

You can see that the average price for naphtha was $533/tonne CFR Japan in April. This compared with …

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Quantitative Easing Just Doesn’t Work

By John Richardson

AT long last! Mario Draghi, president of the European Central Bank (ECB), said in a speech to the IMF last week:

 We have to be mindful that too prolonged a period of very low real rates can …

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More Evidence That US Shale Oil Is The New “Swing Producer”

By  John Richardson

SICK today with a bad cold – hence this very short  post. Will, hopefully, be back in full  action, though, later today or tomorow

Meanwhile, here is some more  background reading, which underlines myy argument that shale …

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Shallow Discussions Versus Complex Oil Price, Economic Realities

By John Richardson

IT has been a very good year so far for European and Asian naphtha cracker operators, as the chart above illustrates. As you can see, in the case of high-density polyethylene (HDPE), naphtha-based integrated margins in 2015 …

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Your Seven-Point Guide To H2 2015 Oil Prices

By John Richardson

BEFORE you get carried away with the wholly misguided notion that we have entered into a “new normal” of oil prices in the region of $60-80 a barrel for the rest of this year, see below for …

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US Fed Reinvents 19th Century Boom And Boost Oil Markets

By John Richardson

ONE way of looking at the world is that central bankers know exactly what they are doing as they are Masters of the Universe.

These bankers have excellent degrees and doctorates from top universities bursting out their …

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Why The New Belief In Oil-Price Stability Is Wrong

By John Richardson

THE new consensus view on oil prices,  based on my discussions with many delegate on the side lines of this year’s Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea, seems to run roughly as follows:…

OK,

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Oil Price Rally Built On Very Fragile Ground

By John Richardson

OIL prices rallied yesterday on an unexpected fall in inventories at Cushing in the US to 61.7 million barrels for the week ending 24 April (see the above chart). This was a decline of 514,000 barrels over …

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The Chemicals “Recovery”: Seeing Through The Flawed Logic

By John Richardson

AROUND 90% or more of the price movements in most chemicals and polymers are tied to crude oil.

Add to that the pick-ups in buying than can occur from time to time, based on supply and demand …

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Rising US Oil Supply And How Innovation Never Stands Still

By John Richardson

NECESSITY is the mother of new inventions, and also of innovations that make improvements on old inventions.

When, for example, oil and gas prices were sky-high in the US, this prompted the late and great George Mitchell …

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