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Tag: pricing pressures

Weekly resin report: Some processors bank on PE supply surge that will send resin prices lower | PlasticsToday

Weekly resin report: Some processors bank on PE supply surge that will send resin prices lower | PlasticsToday

So, how busy were the spot resin markets last week? Well, at mid-month, resin trading was nearly double the historic average, reports the PlasticsExchange (Chicago) in its Market Update. Polypropylene  (PP) prices inched up another cent while polyethylene (PE) prices held firm, having consolidated recent gains at slightly elevated recovery levels. With the April PE […]

Less Cereal in the Box: The Secret Inflation of Goods | Newsmax

Less Cereal in the Box: The Secret Inflation of Goods | Newsmax

Here is a WSJ headline of April 29, 2019: “S&P jumps 17% this year, as economy picks up without driving up prices.” As a student of the U.S. stock market I always wondered why major companies were able to report a healthy profit increase, yet admitted to no, or only meager, increases in sales. What […]

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Alberta’s oil industry is raking in “excess profits” by price-gouging B.C. customers, according to a new report by the Canadian Centre for Policy Alternatives. Marc Lee, an economist at the CCPA and the author of the report, says: “Turn off the taps? Alberta already has Vancouver over a barrel,” and taxes aren’t to blame for […]

U.S. Sanctions Spark Venezuela Oil Surge Half the World Away | Bloomberg

U.S. Sanctions Spark Venezuela Oil Surge Half the World Away | Bloomberg

The U.S. measures have sparked speculation over whether Venezuela will be able to sustain exports of its dense and sulfurous “heavy-sour” crudes. Meanwhile, American refiners are scouting for alternatives, squeezing supplies of similar oil varieties across the globe. Booming demand for infrastructure in China has made such grades prized in the Asian nation because they […]

U.S. Companies Raising Prices Send Mixed Signals for Inflation | Bloomberg

U.S. Companies Raising Prices Send Mixed Signals for Inflation | Bloomberg

Strong U.S. demand and a tight job market have given companies a chance to raise prices coming into this year, and they’re testing the waters gingerly. From consumer goods and airlines to railroads, businesses made attempts to recover higher costs including rising pay for workers, or simply lifted prices to try to boost profit margins […]

Low Oil Prices Could Cripple Texas Job Growth | Oil Price

Low Oil Prices Could Cripple Texas Job Growth | Oil Price

Job growth in Texas is not exactly screeching to a halt, but low oil prices could start to lead to weaker employment figures. “The Texas labor market will likely tighten further in the months ahead; however, if oil prices continue to linger around $50 per barrel, job growth in the state may begin to decelerate. […]

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surge on trade war truce, prospects for Russian output cuts | Fox Business

Oil prices surged more than 3 percent Monday on prospects for a cut in global output and hope that a ceasefire in the U.S.-China trade war will boost demand for the commodity. The U.S. benchmark crude oil, West Texas Intermediate, popped more than 5 percent early Monday before paring that gain. … But the more […]

Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials | Financial Post

Alberta plans to buy 7,000 rail cars to ease ‘crisis’ in oil price differentials | Financial Post

TORONTO — Alberta needs to buy as many as 7,000 rail cars if it wants to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade Thursday, Notley said her province is prepared to buy roughly 80 locomotives, with […]

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudis Raise Asia Crude Pricing as U.S. Puts Curbs on Iran | Bloomberg

Saudi Arabia raised pricing for the Medium and Heavy crudes it sells to Asia, a sign that OPEC’s biggest producer sees robust demand for the grades as it boosts output to offset the impact of energy sanctions on Iran. State-owned Saudi Aramco increased its official selling price for December sales of Medium crude to Asia […]

Oil and Gas Model stability as pressure on oil prices rises | IHS Markit

Oil and Gas Model stability as pressure on oil prices rises | IHS Markit

Research Signals – October 2018 Oil prices may be in for a wild ride as geopolitical and economic shocks threaten to spill over into markets. IHS Markit has raised its outlook on Brent and WTI prices in 4Q 2018 while noting that the next 18 months will be plagued by escalating tensions with Saudi Arabia, […]