Tag Archives | OPEC

Oil Market Muddle Continues Because Of Wrong Focus

CONFUSED? You will remain confused by oil markets as long as you continue to only look at physical supply and demand.

Here is my long, but I think essential, historical explanation about why I think this is the root of …

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Five Misunderstandings About Oil And Maybe A Sixth One

By John Richardson

THE first misunderstanding about oil prices, which everyone now accepts was wrong, arose because people took too much notice of existing cost-per-barrel economics and so assumed that from October of last year, the US would close down …

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OPEC, Human Nature And A $55 Brent Forecast

By John Richardson

HERE is a quote for you: “Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.”

This supports the argument we have been making over the last two months that human …

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Crude Oil: How To Avoid A 2015 Budget Disaster

By John Richardson

IF I knew the outcome of today’s crucial OPEC meeting in Vienna well, of course, I wouldn’t have to write this blog post to make a living.

But what I do know is that oil markets, now …

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Oil Market Risks For 2014

By John Richardson

PAUL Satchell, the UK-based chemicals analyst with glob investment bank Cannacord Genuity wrote  in his December Volume Proxy* report, which was released earlier this month: “It has long been our opinion that real demand fundamentals in commodity …

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Costly Oil Hurts US Industry

 

By John Richardson 

THE higher that oil prices go the more the US petrochemical industry’s margins have expanded.

Petrochemical prices are oil-driven and, therefore, have to go higher as crude becomes more expensive, whereas the cost of shale gas-based ethane …

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Oil Prices, Wall Street And Economic Chaos

By John Richardson

Crude oil and commodities markets have lost touch with the fundamental realities. This didn’t just happen yesterday, but began a decade ago.

That’s the argument the blog put forward in the latest chapter of our new free …

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Saudi Petchem Production Threatens Recovery

By John Richardson

RISING oil production in Saudi Arabia has resulted in bigger volumes of polyethylene (PE) being delivered into Asia-Pacific markets, a source with a major plastics processor told the blog late last week.

“Saudi Arabia has definitely, in …

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European PE, PP below Euros1,000/tonne

By John Richardson

JOURNALISTS are often accused of exaggeration for the sake a good story, but it is genuinely no exaggeration to say that markets are in free-fall.

Last week we reported on how European polyolefin pricing was on a …

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Chemicals Buying & The IEA Decision

 

By John Richardson

CHEMICALS and polymer demand looks even less likely to be supported by “buying forward” following yesterday’s decision by the International Energy Agency (IEA) to release 60m barrels of crude into the market.

Here is a bit …

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