GCP has opened new forms for individual boxes. Our four colour digital and offset printing services allow your custom packaging to be superb in quality. Take the package from our wide range of items that you want us to print. We will design a shipping package that meets your requirements if you do not find your preferred measurements in our product log. It was never as easy as with GCP to get bulk printed boxes at such an inexpensive price. We help thousands of organisations in supplying personalised packaging with inspiration. A variety of options are available to instal and finish to make your personalised boxes deserving of notice. GCP is an actively dedicated advocate of recycled green packaging, which is 100% recyclable. We sell quality wholesale printing boxes for our deserving customers. GCP is a leader in creative packaging for consumers. We became the first packaging to be made with over ten years of experienceCustom boxes for packaging
Custom boxes become ubiquitous in our day-to-day lives. These situations can be quickly identified and some adaptation in line with the ingenuity and originality of the client's product can be triggered. In addition to innovative design, custom boxes with several choices for decoration and styling can even be printed so they can look new and talk for themselves in the market. Different supplies of recyclable to corrugated and cardboard sheets include individualised cabinets. They seem to be very easy to produce at a glance, but a profound study of the method indicates that several steps are needed. Both these measures require 100 per cent perfection to put the natural beauty of the package into the scanning, assembly, printing, die cutting, laminating and paste. Packaging boxes created on personalised orders are used everywhereSpecialists & wholesalers in the right packaging with short run
Looking for cost-effective high-end packaging? Yeah, as Custom Packaging Pro gives you the best personalised package designs that can boost your product credibility on the market, you are in the right spot. Make the company more active by offering innovative package structure, interesting colours and quality protection, as we provide high end packaging solutions. We are sufficiently experienced to create complex prototypes and layouts in your particular cases that differentiate your product in the market. In addition to giving your product a different view, we also help you become a name that you have always dreamed of. Via our innovative custom packaging, we empower you with awesome perspectives and an eye appeal that entice consumers to redefine your product. If you sell goods at store or online, our mission is to persuade the buyer to purchase them prominently.Give a sexy touch to your retail packaging
Our specialty in the development of custom retail boxes made us one of the world's leading online firms. We also captured both small and big businessmen's hearts with the delivery of thousands of personalised box orders. Brand presentation is an art at sale, and our innovative packaging ideas have shown this. There are a number of model prototypes, all of them original and created by our professional designers and experts. At this time it is necessary to show the product in flash, and we fully understand it. Be it a beauty shop, bakery or a supermarket, a successful product presented in our specialist retail boxes will significantly boost sales. We know the best tactics to turn your easy box into a marketing weapon that easily advertises your company on every site.
Our expertise in retail box production has made us a leading online business in the world. With thousands of personalised panels we have also stolen the hearts of both small and large businesses. Brand presentation is art on the market, and this is illustrated by our creative packaging concepts. A variety of designs are available, all original and produced by our experts and experts. The commodity must be seen in flash at this time and we understand it fully. Be it a beauty store, a restaurant or a grocery, the profits will rise dramatically with a good product in our specialised distributors. We know how to turn your simple box into a marketing tool that can be conveniently used on any platform to support your brand.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)
In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production decline in 2021 would mark the second consecutive year of production declines. Responses to the COVID-19 pandemic led to supply and demand disruptions. EIA expects crude oil production to increase in 2022 by 0.4 million b/d because of increased drilling as prices remain at or near $50 per barrel (b).
The United States set annual natural gas production records in 2018 and 2019, largely because of increased drilling in shale and tight oil formations. The increase in production led to higher volumes of natural gas in storage and a decrease in natural gas prices. In 2020, marketed natural gas production fell by 2% from 2019 levels amid responses to COVID-19. EIA estimates that annual U.S. marketed natural gas production will decline another 2% to average 95.9 billion cubic feet per day (Bcf/d) in 2021. The fall in production will reverse in 2022, when EIA estimates that natural gas production will rise by 2% to 97.6 Bcf/d.
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)
EIA’s forecast for crude oil production is separated into three regions: the Lower 48 states excluding the Federal Gulf of Mexico (GOM) (81% of 2019 crude oil production), the GOM (15%), and Alaska (4%). EIA expects crude oil production in the U.S. Lower 48 states to decline through the first quarter of 2021 and then increase through the rest of the forecast period. As more new wells come online later in 2021, new well production will exceed the decline in legacy wells, driving the increase in overall crude oil production after the first quarter of 2021.
Associated natural gas production from oil-directed wells in the Permian Basin will fall because of lower West Texas Intermediate crude oil prices and reduced drilling activity in the first quarter of 2021. Natural gas production from dry regions such as Appalachia depends on the Henry Hub price. EIA forecasts the Henry Hub price will increase from $2.00 per million British thermal units (MMBtu) in 2020 to $3.01/MMBtu in 2021 and to $3.27/MMBtu in 2022, which will likely prompt an increase in Appalachia's natural gas production. However, natural gas production in Appalachia may be limited by pipeline constraints in 2021 if the Mountain Valley Pipeline (MVP) is delayed. The MVP is scheduled to enter service in late 2021, delivering natural gas from producing regions in northwestern West Virginia to southern Virginia. Natural gas takeaway capacity in the region is quickly filling up since the Atlantic Coast Pipeline was canceled in mid-2020.
Just when it seems that the drama of early December, when the nations of the OPEC+ club squabbled over how to implement and ease their collective supply quotas in 2021, would be repeated, a concession came from the most unlikely quarter of all. Saudi Arabia. OPEC’s swing producer and, especially in recent times, vocal judge, announced that it would voluntarily slash 1 million barrels per day of supply. The move took the oil markets by surprise, sending crude prices soaring but was also very unusual in that it was not even necessary at all.
After a day’s extension to the negotiations, the OPEC+ club had actually already agreed on the path forward for their supply deal through the remainder of Q1 2021. The nations of OPEC+ agreed to ease their overall supply quotas by 75,000 b/d in February and 120,000 b/d in March, bringing the total easing over three months to 695,000 b/d after the UAE spearheaded a revised increase of 500,000 b/d for January. The increases are actually very narrow ones; there were no adjustments for quotas for all OPEC+ members with the exception of Russia and Kazakshtan, who will be able to pump 195,000 additional barrels per day between them. That the increases for February and March were not higher or wider is a reflection of reality: despite Covid-19 vaccinations being rolled out globally, a new and more infectious variant of the coronavirus has started spreading across the world. In fact, there may even be at least of these mutations currently spreading, throwing into question the efficacy of vaccines and triggering new lockdowns. The original schedule of the April 2020 supply deal would have seen OPEC+ adding 2 million b/d of production from January 2021 onwards; the new tranches are far more measured and cognisant of the challenging market.
Then Saudi Arabia decides to shock the market by declaring that the Kingdom would slash an additional million barrels of crude supply above its current quota over February and March post-OPEC+ announcement. Which means that while countries such as Russia, the UAE and Nigeria are working to incrementally increase output, Saudi Arabia is actually subsidising those planned increases by making a massive additional voluntary cut. For a member that threw its weight around last year by unleashing taps to trigger a crude price war with Russia and has been emphasising the need for strict compliant by all members before allowing any collective increases to take place, this is uncharacteristic. Saudi Arabia may be OPEC’s swing producer, but it is certainly not that benevolent. Not least because it is expected to record a massive US$79 billion budget deficit for 2020 as low crude prices eat into the Kingdom’s finances.
So, why is Saudi Arabia doing this?
The last time the Saudis did this was in July 2020, when the severity of the Covid-19 pandemic was at devastating levels and crude prices needed some additional propping up. It succeeded. In January 2021, however, global crude prices are already at the US$50/b level and the market had already cheered the resolution of OPEC+’s positions for the next two months. There was no real urgent need to make voluntary cuts, especially since no other OPEC member would suit especially not the UAE with whom there has been a falling out.
The likeliest reason is leadership. Having failed to convince the rest of the OPEC+ gang to avoid any easing of quotas, Saudi Arabia could be wanting to prove its position by providing a measure of supply security at a time of major price sensitivity due to the Covid-19 resurgence. It will also provide some political ammunition for future negotiations when the group meets in March to decide plans for Q2 2021, turning this magnanimous move into an implicit threat. It could also be the case that Saudi Arabia is planning to pair its voluntary cut with field maintenance works, which would be a nice parallel to the usual refinery maintenance season in Asia where crude demand typically falls by 10-20% as units shut for routine inspections.
It could also be a projection of soft power. After isolating Qatar physically and economically since 2017 over accusations of terrorism support and proximity to Iran, four Middle Eastern states – Saudi Arabia, Bahrain, the UAE and Egypt – have agreed to restore and normalise ties with the peninsula. While acknowledging that a ‘trust deficit’ still remained, the accord avoids the awkward workarounds put in place to deal with the boycott and provides for road for cooperation ahead of a change on guard in the White House. Perhaps Qatar is even thinking of re-joining OPEC? As Saudi Arabia flexes its geopolitical muscle, it does need to pick its battles and re-assert its position. Showcasing political leadership as the world’s crude swing producer is as good a way of demonstrating that as any, even if it is planning to claim dues in the future.
It worked. It has successfully changed the market narrative from inter-OPEC+ squabbling to a more stabilised crude market. Saudi Arabia’s patience in prolonging this benevolent role is unknown, but for now, it has achieved what it wanted to achieve: return visibility to the Kingdom as the global oil leader, and having crude oil prices rise by nearly 10%.