Tag Archives | Saudi Arabia

Oil Prices 80% Likely Not To Return To Previous Levels

By John Richardson

In yesterday’s world the ongoing geopolitical tensions between Saudi Arabia and Iran would have resulted in a sustained rally in oil prices. But this rally lasted barely couple of days as a result of persistently high US …

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Saudi Arabia and Oil: A Lesson For Polypropylene

By John Richardson

POLYPROPYLENE (PP) producers and their customers, the plastic converters, are on the cusp of a great opportunity.

Let’s start with the producers. The potential for low-priced propylene for several years to come will push PP prices down, …

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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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Saudi Arabia: It Has Never Been About Beating US Shale Oil

By John Richardson

THE CONVENTIONAL view is that Saudi Arabia has launched its market-share campaign in oil markets in order to pretty much get rid of the US shale-oil industry.

By so doing, it would secure its long-term economic future …

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Pump Oil Hard Now Or Live To Regret Production Cuts

By John Richardson

OIL producers face a very straightforward choice: Pump crude as hard as possible right now or run the risk of your most important economic asset being left in the ground for good.

One of the reasons is …

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Oil Price Rally Built On Very Fragile Ground

By John Richardson

OIL prices rallied yesterday on an unexpected fall in inventories at Cushing in the US to 61.7 million barrels for the week ending 24 April (see the above chart). This was a decline of 514,000 barrels over …

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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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