Tag Archives | oil prices

Oil Prices Could Fall By 50% On Demand As Well As Supply Realities

By John Richardson

THE REAL crude-oil supply story is becoming more commonly understood – hence, the recent declines in pricing. As I discussed in early March, before oil prices started heading south again,  supply has been long for a substantial …

Continue Reading

China Polyolefins: An Outlook For The Rest Of 2017

By John Richardson

AS THE chart above shows, China is suffering from a bout a polyolefins indigestion right now as a result of a sharp rise in both imports and domestic production. This helps to explain the recent falls in …

Continue Reading

Oil Prices Start To Catch Up With Supply And Demand Realities

By John Richardson

I HATE to say “I told you so,”, but I have been telling you that this would happen. Oil prices on Thursday fell below $50, and were at their lowest levels since December as the realities of …

Continue Reading

Oil Prices Could Fall On Stalling Of Trump Agenda

By John Richardson

WHILST some Republicans claim that the House bill to replace the Affordable Care Act goes too far, others have called it “Obamacare lite”.

And unless the Affordable Care Act is replaced, or at least modified, by the …

Continue Reading

Supply-Driven Petrochemicals Success Under Threat

By John Richardson

THE OLD joke goes like this: “If oil and gas exploration is the gorilla, refining the dog and petrochemicals the tail on the dog, what does the gorilla say when he looks at the dog? He says, …

Continue Reading

Tackling China’s Latest Steel Bubble: Implications For Petrochemicals

Note: A technical fault meant I was unable to update the blog on Wednesday and Friday last week. Business as usual returns this week.

By John Richardson

THE stop, start nature of economic reforms in China, which is the result …

Continue Reading

Oil Prices: Speculation Reaches New High, As Do Risks For Real Economy

By John Richardson

HEDGE funds and other speculators had amassed a record amount of futures contracts of 885m barrels by 31 January, according to the Financial Times. These contracts were equivalent to almost nine days of actual, physical demand. And …

Continue Reading

Another Layer Of Trumponomics Risk: Equities Versus Real Economy

By John Richardson

THE TOP chart shows that global chemicals industry operating rates fell to just 78.3% in November, even though companies up down the industry’s value chain were building inventory ahead of expected New Year price rises.  This was …

Continue Reading

Trump’s Diplomacy And Oil Prices

By John Richardson

WHEN he was a candidate for the presidency of the US, Donald Trump promised to “bomb the hell” out of oilfields controlled by ISIL. He also declared: “I’m good at war in a certain way” and “I …

Continue Reading

India’s Currency Reforms: Potential Lehman Bros Moment

By John Richardson

IN normal global economic, social and geopolitical circumstances, Narendra Modi’s decision to overnight remove 86% of the cash from the Indian economy would have been a major risk. But these are not the normal global circumstances that …

Continue Reading