Tag Archives | oil prices

Chemicals Demand Is Not Going To Return To Normal

By John Richardson

EUROPEAN cracker operators are rushing to snap-up naphtha prices before prices rise again, reports my colleague Nigel Davis, in another of his excellent Insight articles.

“The lower crude price seems to be driving downstream demand. Europe’s crackers …

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OPEC, Human Nature And A $55 Brent Forecast

By John Richardson

HERE is a quote for you: “Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.”

This supports the argument we have been making over the last two months that human …

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Crude Oil: How To Avoid A 2015 Budget Disaster

By John Richardson

IF I knew the outcome of today’s crucial OPEC meeting in Vienna well, of course, I wouldn’t have to write this blog post to make a living.

But what I do know is that oil markets, now …

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Oil At $100 Was “A Rich World Luxury”

By John Richardson

THE attitude towards lower oil prices in the developing world  is “bring it on”, as it is an opportunity for hundreds of millions more people to escape poverty (see the above diagram).

Once people start earning, say, …

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Saudi Arabia Can Withstand Years Of Lower Oil Prices

By John Richardson

QUITE a common argument out there is that if and when higher cost US shale oil production shuts down, oil prices will start creeping up again  – and they will soon reach close to $100 a barrel …

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Oil Prices: Ignore Human Nature At Your Peril

By John Richardson

JUST four months after the blog first moved to Asia, we got the shock of our lives: The Asian Financial Crisis.

We were bewildered and didn’t know what to think, but fortunately, perhaps, there wasn’t much of …

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Want Oil Prices Back At Above $1OO? Be Careful What You Wish For

By John Richardson

WE worry that quite a few people still don’t get it on crude oil.

Here is why:…

As recently as July, as the chart above from the latest BP Energy Review shows, oil prices were from 2009

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Oil Prices at $50 or $150 In 2015? Take Your Pick

By John Richardson

REAL price discovery is finally returning to oil markets after years of incredibly harmful central bank stimulus which put the market largely in the hands of the speculators.

But now actual supply of and demand for oil …

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Oil Markets: The Failure Of Accepted Wisdom

By John Richardson

THE illusion of a strong global economy has been created by central bank stimulus – via the Fed and, much more importantly, via China.

And the illusion of a strong global economy was  accompanied by the “illusion …

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Broad Commodities Sell-Off Threatens Petrochemicals

By John Richardson

IRON ore prices are now down by nearly 40% so far this year to a level not seen since September 2009.

As for crude oil, Brent has now dipped below $100 per barrel, for the first time …

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