Tag Archives | oil prices

Indonesia: Seize The Day

By John Richardson

IT WAS criminally wrong. Yes, criminally wrong. Financial speculators drove up the price oil to $100 a barrel and more, which forced developing countries to waste many billions of dollars on fuel subsidies.

This was money that …

Continue Reading

How To Get Through 2015 In One Piece (More Or Less)

By John Richardson

EVERY time the oil price stabilises for just a few days there is pretty widespread talk of the market having found a bottom  and that a rebound is about to begin.

A case in point was last …

Continue Reading

Oil Markets In One Word: China

By John Richardson

A COMMENT I have heard so many times over the last two months is that once oil prices settle down, China’s petrochemicals buyers will have to come back in large numbers in order to replenish what must …

Continue Reading

US Petrochemicals: Three Predictions For 2015

By John Richardson

AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity.

Theoretically, this represents:…

14.8m tonnes/year of new ethylene capacity at these

Continue Reading

China Polyethylene: Three Predictions For 2015

By John Richardson

THE  chart  below serves as an excellent illustration of the big shift in consensus thinking about China’s overall economy, as it shows that:…

PE imports surged in January on the belief that China would “blink” – and

Continue Reading

Starting All Over Again: A Ten-Point Guide For 2015

By John Richardson

AS chemicals companies go back to their budget plans for 2015, and redraw them entirely, here are ten things that they must take into account:…

The oil price is not going to return to $100 a barrel

Continue Reading

So Much For The Bonus From Cheaper Oil

By John Richardson

THE big turning point in Asian petrochemicals markets can be traced back to around the end of July for three big reasons:

• It was broadly accepted from then onwards that China wasn’t going to change its …

Continue Reading

US Petrochemicals Will Suffer From “The Blame Game”

 

By John Richardson

THE chat below provides some very instructive reading as it shows that:…

Since 2000, overall real consumption in US polyethylene (PE) has fallen from around 12.5m tonnes to 12.3m tonnes (real consumption is domestic production plus

Continue Reading

Asian Chemicals Markets Panic Is About China’s Lending

Note to my readers: I had planned to write about China’s polyethylene (PE) market today, but have decided that it is, first of all, important to further explain the reasons why Asian chemicals markets are in such distress at the …

Continue Reading

Asia’s Petchems Decline: Reject Tried And Trusted Analysis

By John Richardson

ASIA’S petrochemicals traders and producers have on the whole done fantastically well over the last 20 years by sticking with tried-and-trusted ways of assessing markets.

It is very tempting, therefore, to think that today’s weak demand will …

Continue Reading