Tag Archives | oil prices

The Price Of Oil: Another Huge Historical Shift

By John Richardson

FIRST came the collapse of the Berlin Wall in 1989 followed by the reunification of Germany and the integration of Eastern Europe in general into the Western way of running the world.

Then came China’s rise following …

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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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Asian Ethylene Markets: What We Definitely Know

By John Richardson

FORECASTING the absolute future price of any petrochemical has always been difficult and if you are ever exactly right this will be down more to good luck than good judgement.

And the problem is that when you …

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It’s Insane But Why Not? Oil Back at $100 By Christmas

By John Richardson

ALBERT Einstein is widely credited with saying this: “The definition of insanity is doing the same thing over and over again, but expecting different results”.  Who cares if it is either paraphrased or he didn’t even say …

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Moving Beyond A World Of Myths: Steps One And Two

By John Richardson

We are living in a world of myths that are at long last being exposed as such, although I worry that this could be too late for some chemicals companies.

One myth I discussed yesterday is the …

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Beyond Panic Here Are Five Pointers For The Future

By John Richardson

WITH US oil prices now below $40 a barrel and so heading in the direction that I’ve warned about since the “fake recovery” in February-June, people will be panicking, quite understandably. The global collapse in stock markets …

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US Petchems: Last Piece Of Expansion Logic Fades On Falling Crude

By John Richardson

THE demand was simply never going to be there to support anywhere close to the number of US cracker and derivatives projects listed in the table above. There long been two reasons for this:

The US is…

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Surviving The Crisis Depends On How You React

By John Richardson

PEOPLE make up chemicals companies – not just ever-more ingeniously assembled molecules. So how people react from now onwards will determine which companies survive and which companies fail in the New Normal.

The people who are on …

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$30 A Barrel Crude: Six Reasons Why It Will Happen Again

Want to know what do next? Then contact ICIS Consulting at john.richardson@icis.com

 

By John Richardson

IT WAS clear as early as January 2013 that US shale-oil production was on the rise. Back then I warned that this new supply …

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US “Swimming In Ethylene” As Global Polyethylene Problems Build

If you are interested in my take on Asian polyethylene (PE) and polypropylene (PP) prices and margins going forward 12 months, then contact me at this email address – john.richardson@icis.com. I will then provide you with details on how to …

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