Tag Archives | shale oil

Oil Prices, Chemicals Markets Face Steep Declines

By John Richardson

THERE are three things you need to know about today’s global chemicals markets:…

Oil prices are now retreating back to quite probably below $30/bbl, and so of course there will be a chemicals destocking process.
But the

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Oil Prices: Beware Return Of The Financial Bears

By John Richardson

THE above chart shows the extent to which this year’s oil-price rally has been led by futures markets. What is significant, though, is that futures activity seems to have plateaued.

Sure, futures activity could easily go the …

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US Shale Oil Was Never Going To Stand Still

By John Richardson

TECHNOLOGY doesn’t stand still. That’s the whole point about technology as any oil, gas or chemicals engineer will tell you.

The above chart is a fantastic example of this. It shows how the efficiency of US oil …

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China Is The World’s New Swing Petchems Producer

By John Richardson

CHINA is the new “swing producer” in some global petrochemicals markets, as is the case with US shale oil producers in the global oil market.

Let’s start with US shale oil. Here, the Catch 22 situation is …

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Oil Prices: Why We Are Where We Are Today

 

By John Richardson

TWO months ago, when I was delivering a training course, people responded with deep scepticism when I suggested that oil-price stability at around $65 a barrel wouldn’t be sustained during the second half of the year. …

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The US: Worrying About What Really Matters

By John Richardson

I WAS involved in a debate recently over how a glut of propane in storage in the US had led to propane prices in the States being so low that propane-fed crackers in the US had become …

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Shallow Discussions Versus Complex Oil Price, Economic Realities

By John Richardson

IT has been a very good year so far for European and Asian naphtha cracker operators, as the chart above illustrates. As you can see, in the case of high-density polyethylene (HDPE), naphtha-based integrated margins in 2015 …

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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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Rising US Oil Supply And How Innovation Never Stands Still

By John Richardson

NECESSITY is the mother of new inventions, and also of innovations that make improvements on old inventions.

When, for example, oil and gas prices were sky-high in the US, this prompted the late and great George Mitchell …

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Oil Price Chaos: What It Means For The Planning Process

By John Richardson

FIRST of all, we were told that $100 a barrel, or thereabouts, was the natural price for oil.

And then we were told this after the price collapse: “Not to worry, this is just a temporary supply …

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