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This year, international oil prices fluctuated at a high level. The main reason why oil price remains high is the staged recovery of structural demand encounters supply cuts due to geopolitical and capacity bottlenecks, while low inventories amplify oil price volatility.

1. The impact of oil prices on demand

Once the cost rises, the profit margin will fall and the investment of companies will also decline. Meanwhile, high oil price will lead to lower demand of consumers. The price of exports will rise but the quantity may be cut.

2. The impact of oil prices on the profits of various manufacturing industries

At the industry level, oil prices have a huge impact on the output, capacity utilization and profits of the manufacturing industry. The high oil prices will affect various industries, such as refined petroleum and fuel processed industries, synthetic materials, basic chemical raw materials, pesticides, fertilizers, paints, inks and pigments and plastic products,etc.

The key point of future oil prices depends on the further development of  in Russia & Ukraine War. According to the current war situation, oil prices may continue to remain high. Although There has been a correction in oil prices, but the core logic of the rising price has not changed. In the short term, oil prices still have the momentum to continue to surge.

In case the price goes high again, it is a good time to purchase goods now. Established in 1988, We have 32 years’ grease production experience and 10 years of the experience working with more than 40 countries. We specialize in manufacturing Multipurpose Lithium Base Grease, High Temperature Grease,Extreme Pressure Grease, Lithium Complex Grease, Aluminium Complex Grease, Graphite Grease, Anhydrous Calcium Grease, Engine Oil, Gear Oil, Hydraulic Oil etc. If you are interested in our products, please do no hesitate to contact us!

 


Post time: Mar-24-2022