K
kahoona
This may seem a strange subject to post in a window cleaning forum but for those who are interested Crude Oil continues to make new low prices in the financial markets.
Why has the price of oil got so low and what dose this mean to us windies?
First question is very complex to answer and involves global economics, but basically its down to the simple laws or supply and demand and right now there is an over supply of the black stuff and weakening demand
The reasons for the oversupply are complex but the general consensus in the financial world it that Oil is likely to continue to go lower. Most of the big financial institutions are down grading their outlook for the oil price.
What dose this mean for us?
Probably the most obvious effect is cheaper diesel & petrol, some analysts are even saying we could see £0.86p per liter! For anyone who uses heating oil for their home will benefit.
The low oil price also helps keep inflation low.
Some companies will also be winners, big fuel users like the airlines, weather we will see that lower cost in their business translate to lower ticket prices remains to be seen. Other winners are the big road haulage companies, you the guys who get all that food and stuff into our supermarkets etc.
However theres always a down side, & we might want to spare a thought for the 250K oil workers who have been laid off!
So inclusion make the most of the cheap fuel prices and fill up your vans before 02 June - the date of the next Opec (Oil producing countries) meeting, they set policy that defines the price of oil!
View attachment 6177
Why has the price of oil got so low and what dose this mean to us windies?
First question is very complex to answer and involves global economics, but basically its down to the simple laws or supply and demand and right now there is an over supply of the black stuff and weakening demand
The reasons for the oversupply are complex but the general consensus in the financial world it that Oil is likely to continue to go lower. Most of the big financial institutions are down grading their outlook for the oil price.
What dose this mean for us?
Probably the most obvious effect is cheaper diesel & petrol, some analysts are even saying we could see £0.86p per liter! For anyone who uses heating oil for their home will benefit.
The low oil price also helps keep inflation low.
Some companies will also be winners, big fuel users like the airlines, weather we will see that lower cost in their business translate to lower ticket prices remains to be seen. Other winners are the big road haulage companies, you the guys who get all that food and stuff into our supermarkets etc.
However theres always a down side, & we might want to spare a thought for the 250K oil workers who have been laid off!
So inclusion make the most of the cheap fuel prices and fill up your vans before 02 June - the date of the next Opec (Oil producing countries) meeting, they set policy that defines the price of oil!
View attachment 6177
