The US dollar has fallen sharply over the past few months following an impressive push upward for nearly a year. This reversal has helped propel crude prices upward and, in turn, petrochemical prices — a relationship that occurs because crude and many other commodities are priced in US dollars. A weaker dollar means you need more of them to buy a barrel of crude, a bushel of wheat or a bag of polyethylene.
Posts Tagged ‘Latin America’
By Chris Kraul | January 26, 2015 09:05 AM Comments (0)
By Elizabeth Bassett | December 10, 2014 05:34 PM Comments (3)
The end of December is just around the corner, and it’s typical at this time of year for publications to take a grand look backward to sum up the year. What kind of proclamations can we make about the global oil industry in 2014? What sort of lessons are there to be learned, and how will we look back on 2014 years from now?
As tempting as it may be to take that look in the rearview mirror, today we’re going to look ahead with our December version of The Oil Big Five. By now you know the drill: We ask our Platts editors and analysts in offices around the globe what they think are the biggest issues or topics in the oil world for the upcoming month, and then we ask you for your thoughts. Are we right, are we wrong, and what do you want to see covered? Leave us your comments here or with #oilbig5 on Twitter.
Recent plant closure in Chile underscores opportunities for North American polyethylene makers in the region
By Bernardo Fallas | June 27, 2014 12:01 AM Comments (1)
The recent closure of a polyethylene plant in Chile highlights why Latin America will be a hot market–and a battlefield–for North American resin producers in the coming years.
By Bernardo Fallas | July 18, 2013 05:33 PM Comments (1)
The US petrochemical renaissance could spell the death of the small polymer producer in Latin America.
But there’s no denying that the threat facing these companies is quite real and quite easy to figure out.
By Carla Bass | May 21, 2013 12:01 AM Comments (1)
One thing I learned during an eight-year stint in Latin America is that magical realism is not just a literary device popular among writers there.
Sometimes it is a worldview, such as when a government minister of a certain Latin American country assured a group of journalists that vastly increasing its oil production was just a few weeks away as all they had to do was “turn on” some non-producing wells. This was the same minister who gulped down brackish water from a lake to “prove” that an oil spill there had been cleaned up. He said it tasted just fine.
By Matt Kohlman | March 5, 2013 09:43 AM Comments (0)
Think the jets to Europe and Latin America are packed? Try the ships carrying jet fuel.
The idling of a major Caribbean refinery last year helped speed along a net export trend for US jet fuel, with a record amount shipped out of the US in 2012. The reversal of historic net imports happened despite events that would normally make one think the US would be a heavy importer: major refinery issues on the West Coast and Hurricane Sandy on the East Coast.
By Carla Bass | July 11, 2012 05:06 PM Comments (0)
Platts’ sparkling new office in downtown
About the same time as our office move, an article in a state-run Ecuadorean newspaper reminded me of how some governments develop their own virtual white-noise systems to cancel out distracting alternative opinions.
By News Desk | June 18, 2012 12:26 PM Comments (0)
Repsol has drilled what is known in the business as a “duster,” a dry hole. It was an extremely expensive duster, and it has brought into question whether Cuba will be the big oil producer that some have envisioned. In this week’s At the Wellhead column from Oilgram News, Leslie Moore Mira discusses the fallout from Repsol’s setback.
By Carla Bass | April 27, 2012 07:03 PM Comments (0)
Oil-rich Venezuela’s outspoken but now cancer-striken leader of the past 13 years, Hugo Chávez, is usually so noisy that when he recently went almost radio silent for 10 days, people thought he had died.
Social networking sites buzzed with the rumor over the weekend. His stay for this round of radiation therapy in Cuba to treat his unspecified cancer lasted longer than normal — some 12 days — although he returned quietly to Caracas shortly after midnight April 26.