Tag Archives | OPEC

2018 Oil and Petchems: Risk Of Mistaking Apparent For Real Demand

By John Richardson

PERHAPS the most important recent single paragraph of analysis, in the huge volume of analysis out there about oil markets, was this from Nick Cunningham in a 24 December article on oilprice.com:

The [global crude] inventory surplus …

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Crude Drives Asian Polyethylene Spreads To Three-Year Low As 2018 Risks Build

By John Richardson

IN MARCH 2016 we gave three scenarios for crude-oil prices:

Collapsing Demand where we saw crude falling to $25/bbl on weak global demand that would make it impossible to repay much of the huge debts that had…

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Asian Polyethylene Producers: What You Must Do Now $70 Crude Is More Likely

By John Richardson

THE facts on the ground in global crude markets have shifted even further in just two days. Now it seems more likely that oil prices will rise to $70 a barrel or above in Q1 of next …

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Crude Oil Prices In 2018: Impact On Naphtha-Based Polyethylene

 

By John Richardson

I WILL explain the full significance of the above charts for the Asian and global polyethylene (PE) industries later on this is post.

In short here, though, a great deal hinges on next year’s oil prices, …

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Why Oil Prices Could Be At $35/bbl Or Lower By Q4

Saudi Arabia and the rest of OPEC may regret their decison to cut production, as this has led to a resurgence in US shale-oil production – and a further wave of innovation in shale technologies. Combine this with a slowdown …

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China Crude Imports: Low Growth Could Again Mean Fall In Oil Prices

By John Richardson

RIGHT now, of course, oil prices are on the up again because of disruptions to Libyan production and confidence that OPEC will extend its production cuts.

Libya might of course be a temporary factor, and it depends …

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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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EIA

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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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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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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