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Asian Chemical Connections

Oil Prices: A Turkey Becomes Airborne, Danger Ahead

By John Richardson OIL prices rose yesterday, despite the latest Energy Administration Information (EIA) report for the week ending 28 August revealing that: Total US commercial stocks grew by 5.7 million barrels a day – and at 1.29 billion barrels are the highest level ever reached. (Number crunching, courtesy of David Hutton of the PVM […]

Time To Scrap Old Thinking On Oil Markets

By John Richardson A SEASONAL fall-off in demand for oil, rising concerns over the Chinese economy and worsening global oversupply of crude could push oil down into the $30 dollars a barrel range, a majority of analysts surveyed by the Wall Street Journal now believe. And money manager David Kotok has told CNNMoney that oil […]

US Oil, Gas, Chemicals Drowning In Excess Of Credit

By John Richardson THE US oil, gas and petrochemicals sectors are drowning in an excess of credit that has distorted rational analysis of long-term supply and demand fundamentals. So, just as is the case with China manufacturing in general, these misguided investments are in danger of contributing to a prolonged period of global deflation. Let’s […]

US Fed Reinvents 19th Century Boom And Boost Oil Markets

By John Richardson ONE way of looking at the world is that central bankers know exactly what they are doing as they are Masters of the Universe. These bankers have excellent degrees and doctorates from top universities bursting out their CVs, along with fantastic track records of rescuing the global economy, I have often been […]

Why The New Belief In Oil-Price Stability Is Wrong

By John Richardson THE new consensus view on oil prices,  based on my discussions with many delegate on the side lines of this year’s Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea, seems to run roughly as follows: OK, most of us completely missed the H2 2014 collapse of crude, but never mind, we now […]

US Petrochemicals: Three Predictions For 2015

By John Richardson AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity. Theoretically, this represents: 14.8m tonnes/year of new ethylene capacity at these 12 proposed facilities. There are also eight planned expansions of existing plants, adding up to […]

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