Monday, Monday, can’t trust that day
Monday, Monday, sometimes it just turns out that way
Oh Monday morning, you gave me no warning of what was to be

These ‘Mamas and Papas’ lyrics certainly sum up Monday this week:

• Oil prices went to another record high, just under $140/bbl, as traders worried about the falling US$ and the risk that an attack on Iran might not be far away
• A leading US economist suggested that the next 18 months might parallel the 1988-92 US real estate crisis, ‘when more than 1000 banks and 1000 thrifts failed’.
• ICIS’ Nigel Davis highlighted the suggestion from Citigroup analysts that the chemicals industry was also‘heading for crisis’ due to its inability to pass through recent feedstock cost increases


The Saudi oil 'summit'


There seems to be remarkably little information about Saudi Arabia’s plann...

Learn more

'Roll-through' pricing reappears


Linda Naylor, ICIS’s polymers guru, has just written a market analysis tha...

Learn more
More posts
OPEC+ faces difficult decisions as Covid returns, recession risks rise, and oil prices crash

OPEC+ oil producers saw prices tumble $10/bbl (13%) on Friday as the world woke up to the fact that ...

‘Watch out below!’ as supply chain chaos comes to an end

“What goes up, comes down” is usually a good motto when prices start to reach for the sk...

Industry now needs to step up, if Net Zero is to be achieved

Net Zero is clearly the key issue of our time. With COP26 about to start, 3 key elements need to com...

The Fed’s stock market bubble is at risk as China bursts its real estate bubble

The US stock market bubble just keeps rising. And every investor “knows” that the US Fed...

EU patience starts to run out as UK threatens to break the N Ireland Protocol

Unsurprisingly, it turns out that Brexit still isn’t “oven-ready”, despite the UK ...

An end to the China bubble would risk a Minsky moment

My letter in today’s Financial Times warning of the risk to Western financial markets from the bur...

Xi aims to “bring order out of chaos” by bursting China’s property bubble

China is at the start of its biggest economic shake-up since 1978, when Deng Xiaoping launched his p...

The end of China’s real estate bubble will impact global supply chains, exports and growth

“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly....


Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more


Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more