Inflation and energy prices are problematic nearly everywhere. High energy prices are likely to be especially troublesome for Germany and this trouble is certain to spread to this side of the Atlantic.
Many factors affect the price of crude oil beyond supply and demand—seasonal driving patterns, Atlantic storms, political developments in the Middle East, the outbreak of war, and dozens of others. Another factor that doesn’t get much attention is the volume of oil stored in the Strategic Petroleum Reserve.
Offshoring was all the rage for a while, helping OEMs remain competitive in the international marketplace. Eventually the excitement wore off. Long supply chains hampered timely deliveries and made quality control difficult. Reshoring took hold, and the many supply chain shocks of recent years are likely to reinforce this trend.
The prices for petroleum-based products aren’t determined strictly by the crude oil supply on one side and demand for petroleum products on the other. In between the supply and the demand is the refining industry, and it plays a key role. In the U.S., the refining capacity hasn’t been growing as fast as consumption, and this could spell trouble. Click on the title to read the blog.
Insights for Tube, Pipe, and Profile Manufacturers
If you manufacture tube, pipe, or profile, you’re a member of a fraternity that deals with difficult business challenges every single day. Unpredictable raw materials prices, lead times that are always too long, reliance on skilled labor that is increasingly hard to find, fickle markets, unrelenting foreign competition—it’s just one thing after another.
You can tune in to listen to business analysts all day long, but how many of them address the challenges pertinent to this industry? The staff at T&H Lemont decided to cut through some of the noise, distill some of the most relevant data, and put it into perspective.
See our Insights blogs:
Issue 1 (July 2022)
Issue 2 (August 2022)
Issue 3 (September 2022)`
Issue 4 (February 2023)
Issue 5 (March 2023)
Issue 6 (June 2023)
Issue 7 (August 2023)
Issue 8 (October 2023)