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BRENT OIL PRICES AT LOWEST LEVELS IN OVER A DECADE

NEGOTIATOR’S TAKE:  Transportation, plastic components, and petrochemicals all ripe for downward price negotiations. 12.30.15 – Expanding global surplus due to high-paced production sparks fears that prices will fall further Below $34 a barrel for the first time since 2009 Brent

NATURAL GAS IN STORAGE REACHES RECORD LEVEL: NOVEMBER 2015

NEGOTIATOR’S TAKE: Record storage means Natural Gas prices likely to remain low for the foreseeable future. Set to beat 2012 record The U.S. has tied and is set to surpass a record for the amount of natural gas in storage, according

U.S. OIL WILL LIKELY SLIDE TO $30

NEGOTIATOR’S TAKE: Lubricants, plastics and transportation are all candidates for price reduction.     Toward prices not seen since the last financial crisis As U.S. oil fell to a six-year low below $41 a barrel on Wednesday, an increasing number

KEY TO U.S. ETHYLENE PRICE DROP

NEGOTIATOR’S TAKE:  North American producers have a huge cost advantage for plastic products made from Ethylene.  You might want to re-think sourcing from China. Now that the US has surpassed Saudi Arabia as the top crude oil and natural gas producer,

US spot ethylene at 30-month low

Front-month December material traded at 41.750 cents/lb ($920/tonne), its lowest since a trade at 41.625 cents/lb during the week ended 22 June 2012. Spot ethylene prices have fallen more than 30 cents/lb since peaking in September, tracking improved supply, softer

America is kicking its oil habit

“It is a great success story that we are now producing oil in the quantity that we are,” U.S. Treasury Secretary Jacob J. Lew said in an interview in New York. “The independence that we’ve developed in the energy sector,

Oil: Falling Down

Brent for January settlement declined $2.88 to $66.19 a barrel on the London-based ICE Futures Europe exchange, the lowest since Sept. 29, 2009. The volume of all futures was 4.9 percent below the 100-day average. WTI for January delivery dropped

The new oil order

The massive growth of shale oil production decreased OPEC capacity in setting oil prices. In a context of limited demand growth, oil prices are currently in the $80~$85 price range and unlikely to exceed $80 next year. The major factor in

The rise and fall of oil price

The price of oil has plummeted by more than a quarter since June but will Opec, which holds 60% of the world’s reserves and 30% of supplies, cut its own production to try to lift prices? Will the cartel allow

Commodities slide to 5-year low

Raw materials slumped 7.1 percent this year, headed for a fourth annual decline and the longest slump since at least 1991, amid concern that economic growth is weakening as global equity markets lost $1.5 trillion last week. Data yesterday showed