Tag Archives | Saudi Arabia

Saudi Arabia Can Withstand Years Of Lower Oil Prices

By John Richardson

QUITE a common argument out there is that if and when higher cost US shale oil production shuts down, oil prices will start creeping up again  – and they will soon reach close to $100 a barrel …

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No Ethylene Margins Peak In 2016

 

By John Richardson

FORECASTS of European capacity closures and project delays and cancellations have led some financial analysts to the conclusion that there will be a peak in ethylene margins from 2016 onwards.

This will provide a few years …

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Crude Oil Price Risks Escalate

By John Richardson

FINANCIAL speculators began to play an increasing role in crude-oil markets following liberalisation of financial trading rules, signed into law by Bill Clinton in 2000, as we argued in chapter 3 of our e-book, Boom Gloom & …

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NATPET Warns On Saudi Gas Increase

By John Richardson

SAUDI ARABIA’S National Petrochemical Industrial Co (NATPET) has gone public over an issue that has worried Gulf Co-operation Council (GCC) petrochemical producers for several years now: The erosion of the GCC’s competitive advantage over the US.

“There …

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The Next Game Changer: Ample Saudi Ethane

Picture: US shale gas worker

Source: Image Broker/Rex Features

 

By John Richardson

SHALE-GAS exploration in northern Saudi Arabia shows tremendous promise, said an industry observer on the sidelines of last week’s seventh Gulf Petrochemicals and Chemicals Association (GPCA) conference …

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Demographics And Saudi Arabia

Source of picture: Wikimedia Commons

By John Richardson

EIGHTY percent of Saudi Arabian families get by on incomes of less than $3,300 a month, whereas Saudi Aramco makes $900m of profits every day, says Leslie McCune, managing director of the …

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US Oil: Nothing Is Uncertain As Certainty

By John Richardson

ALL of yesterday’s excitement about the US overtaking Saudi Arabia and Russia by 2017 to become the world’s biggest oil producer – and exceeding Russia to become the world’s biggest gas producer by 2015 – needs to …

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Saudi Aramco, Dow, Shell, IEA To Speak At Berlin Conference

Next month’s World Aromatics conference is a must-attend event for anyone involved with the industry.

It features an impressive line-up of major players, including Saudi Aramco, the world’s largest oil company, as well as Dow, Shell and the International Energy …

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Saudi Arabia’s New Export Challenge

Source of picture: Indiaagrifarms

 

By John Richardson

Saudi Arabia continues to pursue its vision of adding social value to its hydrocarbon reserves by creating jobs. This involves going further downstream from basic petrochemicals.

“The Ministry of Petroleum has said, …

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Rising Labour Costs Threaten US Projects

By John Richardson

RISING labour costs will impact the viability of US petrochemicals projects as a result of the surge in overall hydrocarbons construction activity, an industry source told the blog.

“Unless companies lock-in their labour costs fairly quickly, before …

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