Oil price, China Outlook – free pH Report webinar tomorrow

Oil markets

SHARE THIS STORY

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.

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

PREVIOUS POST

Oil price rally a "Head Fake" says International Energy Agency

16/03/2015

Why wouldn’t oil prices return to their long-term average around $30/bbl?...

Learn more
NEXT POST

European interest rates go negative as Draghi boosts stock markets

17/03/2015

Historians will not look kindly on Mario Draghi, head of the European Central Ba...

Learn more
More posts
Oil markets hit perfect storm as coronavirus cuts demand
01/03/2020

Former Saudi Oil Minister Sheikh Yamani’s warning in 2000 looks increasingly prophetic today: ...

Read
Oil markets hold their ‘flag shape’ for the moment, as recession risks mount
17/11/2019

Oil markets can’t quite make up their mind as to what they want to do, as the chart confirms. ...

Read
Oil market weakness suggests recession now more likely than Middle East war
11/08/2019

Oil markets remain poised between fear of recession and fear of a US attack on Iran. But gradually i...

Read
Recession risk rises as Iran tensions and US-China trade war build
26/05/2019

Oil markets are once again uneasily balanced between two completely different outcomes – and o...

Read
Déjà vu all over again for oil markets as recession risks rise
03/03/2019

Back in 2015, veteran Saudi Oil Minister Ali  Naimi was very clear about Saudi’s need to adop...

Read
Oil prices flag recession risk as Iranian geopolitical tensions rise
20/05/2018

Today, we have “lies, fake news and statistics” rather than the old phrase “lies, ...

Read
Saudi oil policy risks creating perfect storm for Aramco flotation
15/04/2018

Good business strategies generally create good investments over the longer term. And so Aramco need...

Read
Economy faces slowdown as oil/commodity prices slide
12/02/2018

Oil and commodity markets long ago lost contact with the real world of supply and demand. Instead, t...

Read

Market Intelligence

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

Learn more

Analytics

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