Tag Archives | oil prices

US “Swimming In Ethylene” As Global Polyethylene Problems Build

If you are interested in my take on Asian polyethylene (PE) and polypropylene (PP) prices and margins going forward 12 months, then contact me at this email address – john.richardson@icis.com. I will then provide you with details on how to …

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Yuan Devaluation: Pressure On Jobs Might Lead To 10% Fall

By John Richardson

CHINA has set itself the target of creating 10 million jobs this year during a time when real GDP growth, as opposed to the fictional government numbers, is probably down in the single digits.

GDP growth is …

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Yuan Devaluation: Why, What It Means Now And What Is Next

By John Richardson

Why did the yuan devaluation take place, and what happens now and over the next few months? Here is my take on yesterday’s announcement.

Although this might not be the main motive behind a move that I …

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Saudi Arabia: It Has Never Been About Beating US Shale Oil

By John Richardson

THE CONVENTIONAL view is that Saudi Arabia has launched its market-share campaign in oil markets in order to pretty much get rid of the US shale-oil industry.

By so doing, it would secure its long-term economic future …

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Global Polyethylene: The Bubble Continues To Burst

By John Richardson

THERE are further reasons to believe that the bubble continues to burst for much of the global polyethylene (PE) industry, after what has been a misleadingly strong first half of the year.

US ethylene capacity and production …

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Asian Polypropylene: The Recent Past And Immediate Future

If you are interested in my take on Asian polyethylene (PE) and polypropylene (PP) prices and margins going forward 12 months, then contact me at this email address – john.richardson@icis.com. I can then provide you with details on how to …

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Asia Polyethylene: Explaining The Past And Future

By John Richardson

TAKE a look at the above chart and ask yourself this question, “Why is it that the spreads between high-density polyethylene (HDPE) injection grade and naphtha have been so good so far this year?”

The same has …

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Oil Prices: Why We Are Where We Are Today

 

By John Richardson

TWO months ago, when I was delivering a training course, people responded with deep scepticism when I suggested that oil-price stability at around $65 a barrel wouldn’t be sustained during the second half of the year. …

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China And Commodities Prices: The Slow-Motion Train-Wreck

By John Richardson

OIL prices are now in bear-market territory with commodities prices in general at a 13-year low, according to the latest Bloomberg Commodities index which follows 22 different commodities.

Not surprisingly, therefore, the share prices of mining and …

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Oil Markets Return To Supply And Demand Realities

By John Richardson

ONLY a couple of months ago a lot of people seemed confident that oil prices had settled down in the region $60-80 a barrel. At that time, though, in my 13 May seven-point guide to oil markets …

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