Investor’s newfound optimism about the future isn’t just about U.S. President Donald Trump’s high-octane rhetoric. Global economic growth aided by an upswing in oil is also contributing to the improved morale
Mr. Trump’s talk of creating a stimulus package to boost the U.S. economy has animated the market and ushered in a period of surging stock prices and increased business confidence as investors hope that the increased spending supports the world economy.
However the new commander in chief has also benefited from oil’s changing fortunes.
Crude prices have ticked up since late last year when the Organization of Petroleum Exporting Countries and other external producers like Russia agreed to shave off roughly 2% of global output.
Oil prices, which fell below $30 a barrel a year ago, have hovered around $50 since the OPEC deal.
The U.S. economy is looking up, partly due to an increase in petroleum production. The number of oil and gas drilling rigs operating in the U.S. has increased 80% since June, according to oil field services firm Baker Hughes.
Countries in Europe that owe their growth to exports are finally catching a break from the commodity price plunge that hurt their overseas sales and domestic spending.
Meanwhile China’s economy, which was struggling a year ago, is making a comeback. Economic growth plus inflation will reach 11% in the current quarter, up from below 7% a year earlier. “This growth traditionally has correlated closely with oil and industrial prices,” writes Mr. Ip.
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Already, lubricant players have established their footholds here in Bangladesh, with international brands.
However, the situation is being tough as too many brands entered in this market. So, it is clear, the lubricants brands are struggling to sustain their market shares.
For this reason, we recommend an impression of “Lubricants shelf” to evaluate your brand visibility, which can a key indicator of the market shares of the existing brands.
Every retailer shop has different display shelves and the sellers place different product cans for the end-users. By nature, the sellers have the sole control of those shelves for the preferred product cans.The idea of “Lubricants shelf” may give the marketer an impression, how to penetrate in this competitive market.
The well-known lubricants brands automatically seized the product shelves because of the user demand. But for the struggling brands, this idea can be a key identifier of the business strategy to take over other brands.
The key objective of this impression of “Lubricants shelf” is to create an overview of your brand positioning in this competitive market.
A discussion on Lubricants Shelves; from the evaluation perspective, a discussion ground has been created to solely represent this trade, as well as its other stakeholders.Why “Lubricants shelf” is key to monitor engine oil market?
The lubricants shelves of the overall market have already placed more than 100 brands altogether and the number of brands is increasing day by day.
And the situation is being worsened while so many by name products are taking the different shelves of different clusters. This market has become more overstated in terms of brand names and local products.
You may argue with us; lubricants shelves have no more space to place your new brands. You might get surprised by hearing such a statement. For your information, it’s not a surprising one.
Regularly, lubricants retailers have to welcome the representatives of newly entered brands.
And, business Insiders has depicted this lubricants market as a silent trade with a lot of floating traders.
On an assumption, the annual domestic demand for lubricants oils is around 100 million litres, whereas base oil demand around 140 million litres.
However, the lack of market monitoring and the least reporting makes the lubricants trade unnoticeable to the public.
Headline crude prices for the week beginning 11 February 2019 – Brent: US$61/b; WTI: US$52/b
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