Tag Archives | Saudi Arabia

800px-Date_City_in_Buraidah_5.jpg

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 …

Continue Reading
US-Crude-Production-Romm-Climate-Progress.gif

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 …

Continue Reading
Aromaticslogo2s.jpg

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 …

Continue Reading
Types_of_irrigation.jpg

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, …

Continue Reading
Presentation1.jpg

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 …

Continue Reading

Saudi Arabia To Boost Oil Output

By John Richardson

SAUDI Arabia has offered its main customers in the US, Europe and Asia extra oil supplies until the end of the year as a result of concerns over the impact that expensive crude could have on the …

Continue Reading
China%20PE%20Aug12.png

China PE Demand Weakness Continues

 By John Richardson

LET’S put this into context: China’s polyethylene (PE) demand grew by 53 percent in 2008-2010.

Growth during the first seven months of this year was just 1.7 percent over Januuary-July 2011, according to Global Trade Information Services (GTIS). …

Continue Reading
AsiaPP.jpg

June China Lending Disappoints

 

By John Richardson

POLYETHYLENE (PE) and polypropylene (PP) offer prices were reportedly on the rise across Asia earlier this week on increasing geopolitical tensions over Iran that led to a hike in crude prices.

“Butene-grade linear-low density (LLDPE) offers …

Continue Reading

Asian Operating Cuts Not Enough

By John Richardson

ASIAN naphtha cracker operators have cut production in response to the exceptionally weak China market, according to ICIS.

Yeochun Naphtha Cracker Centre (YNCC) has, for instance, lowered operating rates to 90 percent from 100 percent at its …

Continue Reading

Demand Is The Thing

By John Richardson

In the second of a series of three blog posts, we gauge the reaction of the market to last week’s sharp decline in polyolefin prices.

Yesterday, we focused on the Middle East. Today, we interview a source …

Continue Reading