Tag Archives | oil prices

The Future Isn’t What The Dow Jones Is Telling Us

By John Richardson

WHAT for you is the most important chart, the one on the left or the one on the right? If you are a chemicals producer rather than stockmarket investor, I would suggest it is the one on …

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Polyethylene Pricing, Profits In 2017: Three Scenarios

By John Richardson

WE are in entirely uncharted territory because the West looks as if it is about to abandon the economic and geopolitical policy consensus that has been in place since the Second World War.

There is, for example, …

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Bricklaying In Australia And Oil Prices: Important Similarities

By John Richardson

THE bricklayer came around to my house three years ago, quickly surveyed the extent of the job, drew a sharp breath, and said, “It’s going to cost you at least Aus$4,000.” And that was after a four-week …

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OPEC Cutbacks: The Case Against Any Major Impact

By John Richardson

OPEC’s decision to cut production could well turn out to have no significant impact on the direction of oil markets in 2017 and beyond. I believe that everything still points to weaker, rather than stronger, crude prices, …

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Oil Prices Over The Next Six Months: What You Need To Know

By John Richardson

SURPRISED by the latest decline in crude prices following the US Energy Administration’s (EIA) report that more oil went in to storage last week than in any other week in 34 years?

You really shouldn’t be if …

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China: 2017-2020 Scenarios For Polypropylene Growth

By John Richardson

IS this the moment when Xi Jinping decides to take most of the pain of economic reforms?

A recent article in Caixin, the Chinese business and finance magazine, suggests that the moment could have arrived:

This week, …

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Why China Cannot Get Away With Its Latest Debt Crisis

By John Richardson

CHINA has had debt crises before that have been very easily resolved. In the late 1990s, for instance, as business and economics professor, Christopher Balding, points out, China’s government created state-owned asset management companies to clean-up the …

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Oil Prices: When The Facts Don’t Matter

By John Richardson

HERE are first of all the facts from the latest International Energy Agency (IEA) report:…

OPEC production hit a record high in September of 33.64m bbl/day. Iraq produced more oil than ever, while Libya reopened oil ports.

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China’s New Normal Propylene And Polymers Markets

By John Richardson

Here is, first of all, some history. Today’s chart is further evidence of the complete turnaround that has taken place in spot propylene and ethylene markets in Northeast Asia (by Northeast Asia this in effect means China …

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The OPEC “Deal”: What It Really Means

By John Richardson

THE OPEC decision to cut oil production for the first time since 2008, if indeed it does amount to a real cut in production, could end up being self-defeating.

As I discussed last month, US shale oil …

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