Tag Archives | oil prices

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Recovery? What Recovery?

By John Richardson

CHINA’S apparent demand for polyethylene (PE), which is a measure of local production plus imports, rose by 4% in January-September this year compared with the same periods in 2010 and 2011, according to Global Trade Information Services …

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World Heading For L-Shaped Recovery

Mr Bernanke, please take note

By John Richardson

The recovery is always six months away and so while most people have written-off the first half of next year, the hope is that by H2 everything will be back to normal.…

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Goldman Sachs Changes Its View On Oil

By John Richardson

OUR blogs are awarding themselves a pat on the back today. The reason is that investment bank Goldman Sachs, the largest player in commodity markets, has completely reversed its analysis of oil markets. They now accept our …

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Risks To Japan From China Dispute

 By John Richardson

THE Japanese economy is at great risk from the East China Sea  dispute which, if  unresolved, could result in a long and bitter trade war with China, said several chemicals industry sources.

Japanese electronics and auto companies could even …

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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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