Tag Archives | oil prices

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No Eurozone Miracle Cure

Source of picture: Wikipedia

 

By John Richardson

THE eurozone hasn’t been rescued by the programme of sovereign bond purchases, announced a month ago by Mario Draghi.

Wolfgang Munchau, in this excellent article in the Financial Times, explains why. This …

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Rising Labour Costs Threaten US Projects

By John Richardson

RISING labour costs will impact the viability of US petrochemicals projects as a result of the surge in overall hydrocarbons construction activity, an industry source told the blog.

“Unless companies lock-in their labour costs fairly quickly, before …

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Managing European Volatility

By John Richardson

THE blog was in Amsterdam this week for an ICIS training event involving delegates who were European chemicals and polymer buyers.

They had one overriding question for us: “How on earth do we manage the extreme volatility in …

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Central Bankers Making Global Economy Worse

By John Richardson

A NEW research note from our colleagues at International eChem discusses how central bankers have pledged to do “whatever it takes” to achieve a sustainable economic recovery. Click here for a full copy – Research-Note-24Sept12.pdf.

Their well-meaning …

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Saudi Arabia To Boost Oil Output

By John Richardson

SAUDI Arabia has offered its main customers in the US, Europe and Asia extra oil supplies until the end of the year as a result of concerns over the impact that expensive crude could have on the …

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Real Demand In The Real Economy

By John Richardson

THE FED’S decision to launch quantitative easing 3 (QE3), a series of open-ended steps more radical than anything it has attempted before, is bound to drive petrochemicals pricing higher, in response to the surging cost of crude.…

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Failure Of Central Bankers

Source of graph: Reuters

 

By John Richardson

THE Federal Reserve has got it badly wrong, and could compound its mistake by launching a third round of quantitative easing (QE3), warns Ruchir Sharma, head of emerging markets and global macro …

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China Investment Lowest Since 2002

By John Richardson

THE chart above indicates the extent to which polyethylene (PE) price rises over the last few weeks have failed to adequately compensate for higher feedstock costs.

Last week saw prices edge up by a further $10-40/tonne, according …

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As Oil Rises Demand Weakens

By John Richardson

A barrel of Brent crude oil cost $88.49 a barrel in June. Yesterday, it was trading at $116.55 a barrel.

In the intervening period the global economy has substantially weakened, most notably in the case of China, …

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A Game Of Two Halves

Source: ICIS

 

By John Richardson

CHINA’S fibre intermediates industry could end of being a game of two halves in 2012, to use an old football (or soccer for the benefit of our America readers) clich√©.

The reason is that …

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