Tag Archives | oil prices

Oil Prices: Beware Return Of The Financial Bears

By John Richardson

THE above chart shows the extent to which this year’s oil-price rally has been led by futures markets. What is significant, though, is that futures activity seems to have plateaued.

Sure, futures activity could easily go the …

Continue Reading

China’s “Teapot” Refineries: Example Of The Bigger Picture

By John Richardson

IT is all about jobs, jobs and more jobs in politics. Promising to create and maintain employment is how politicians win office. And delivering on these two pledges keeps them in power.

But let’s not by cynical …

Continue Reading

Asian Polyethylene: Challenge The New Paradigm

By John Richardson

IT would be very interesting to go back to 2000 and compare the strength of positive sentiment towards the future of the Asian polyethylene (PE) industry to the above chart.

The chart shows spreads between naphtha costs, …

Continue Reading

Oil Storage, China Credit Threaten Crude-Price Rally

By John Richardson

MANAGE your naphtha and other raw material inventories incredibly carefully over the next few months, as you cannot afford to believe the hype that oil prices have definitively, without doubt, bottomed out.

This has to be the …

Continue Reading

Chemicals Companies Need Security Of Demand

By John Richardson

MUCH of the focus of last week’s Asia Petrochemical Industry Conference (APIC) in Singapore  once again seemed to be about feedstock advantage.

This included several charts ranking the competitiveness of the three major categories of ethylene producers …

Continue Reading

The Dollar, Yen and Euro Battle: Implications For Crude Oil

By John Richardson

STILL don’t buy the argument of the role of central bank money in distorting the oil prices, which I made last Friday when I argued that is more of this cheap money that is behind today’s oil …

Continue Reading
Supercycle1

Oil Prices: You Must Answer The Supercycle Argument

By John Richardson

THE continuing failure of genuine price discovery in oil markets was perfectly summarised  by the the Wall Street Journal today, when it wrote:

Commodity hedge funds added $4.1 billion in the first quarter, their best quarter in …

Continue Reading
Triangle27April

Saudi Arabia’s “Vision 2030″: What It Means

 

Demand: The New Direction for Profit

 

By John Richardson

SAUDI ARABIA’S “Vision 2030”, which was released on Monday, underlines what has been clear from government statements for a long while – that the Kingdom knows it has to …

Continue Reading

European Polyolefins: Rebuilding The Bridges

 

By John Richardson

SHOULD any petrochemicals value chain be a zero-sum game – a constant battle between suppliers and customers to determine who emerges as the single winner in any one month or quarter?

No, absolutely not. It is …

Continue Reading

The Doha Oil Meeting: Were You Ahead Of The Curve?

By John Richardson

IT WAS tremendous whilst it lasted for the hedge funds and will have enabled them to make a lot of money – the ones who, of course, had the good sense to switch from long to short …

Continue Reading