Oil price, China Outlook – free pH Report webinar next Tuesday

Economic growth


pH Report logo

There have so far been 3 stages to the oil price collapse since I first forecast this development in mid-August:

  • The first stage saw prices reach my initial forecast target of $70/bbl in November
  • They then fell further to reach my second price target of $50/bbl in January
  • Since then, prices have been trading in a wide range. Daily moves of $2/bbl, up and down, have been common

This volatility is understandable as very few traders, producers, consumers or analysts had forecast the collapse. Many have been struggling to make sense of what has been happening.

As we move into the spring, it seems likely that a 4th stage will develop.  This will continue the process of taking prices back to their historical level around $30/bbl – as I describe in the enclosed new analysis for ICIS Chemical Business.

We have therefore decided to focus on oil prices, and China’s new economic direction, as the main topics for our next free ‘pH Report’ webinar on Tuesday 17 March. This will include a Q&A to enable discussion of the critical questions for your business and investments.

Please register here to join the 08.00 GMT webinar
Please register here to join the 15.00 GMT webinar

I hope you will be able to join the webinar, and look forward to the discussion.


China becomes net exporter of PVC as property bubble bursts


China’s property bubble is collapsing, with average house prices now down ...

Learn more

Apple captures smartphone profits as market shifts to services


Consumers clearly love smartphones.  The global market is growing fast with 38...

Learn more
More posts
The New Normal for global industry

The global chemical industry is the third largest sector in the world behind agriculture and energy,...

Debt, deflation, demographics and Brexit set to challenge London house prices

London property websites haven’t used the word “reduced” for many years. But it...

The bill for two decades of doomed stimulus measures is due

The Financial Times kindly made my letter on the risks now associated with central bank stimulus the...

Local supply chains replace global trade as world starts to “do more with less”

Something quite dramatic is happening in the global economy.  Of course, Wall Street analysts still...

Financial markets enter their Convulsion phase

Many companies and investors are still comparing today’s downturn to the 9-month hiccups seen afte...

World risks moving from Denial into Anger as the Paradigm of Loss moves forward

The head of the IMF has warned again on the likely scale of the economic depression ahead: “Gl...

The world has wasted 3 months – there is little time now left to avoid a Covid-19 catastrophe

It is now 3 months since China’s state television broadcast the first news of the Wuhan virus,...

A new recession era to emerge

Contingency planning has become mission-critical. The longer the coronavirus pandemic continues, the...


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