tldrdaily.news logo
Tag

Low Demand

All articles tagged with #low demand

energy2 years ago

Natural Gas Prices Plummet Amidst Bearish Weather and Disappointing COP28 Agreement

U.S. natural gas prices have dropped over 10% due to high inventories and forecasts of warmer-than-usual weather, indicating light demand for space heating. The benchmark front-month futures at the Henry Hub are now at their lowest level since the start of summer. The United States is entering the heating season with the highest natural gas inventories since 2020, contributing to the bearish market sentiment. Rising production and a milder start to the heating season are further pressuring prices downward.

via OilPrice.com|
#energy#high-inventories#low-demand
energy2 years ago

Oil Markets Brace for Potential Supply War as Russia and Saudi Arabia Clash

Russia's Deputy Prime Minister Alexander Novak stated that the OPEC+ group is prepared to implement additional measures and deepen oil production cuts in the first quarter of 2024 to prevent market volatility and speculation. Novak emphasized that if the current actions are insufficient, OPEC+ countries are ready to take further steps to eliminate speculation and volatility. The recent OPEC+ supply decision, which included 2.2 million barrels per day of cuts for the first quarter of 2024, was deemed underwhelming by the market and failed to address disagreements over cuts and quotas. Analysts suggest that while the decision may erase the expected deficit early next year, it leaves uncertainty regarding future actions. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman also indicated that the production cuts could extend beyond March 2024 if necessary.

via OilPrice.com|
#energy#low-demand#market-volatility
business2 years ago

Volkswagen Faces Job Cuts at EV Factory Amid Plummeting Demand

Volkswagen's largest EV production site in Zwickau, Germany, is facing potential job cuts due to low demand for electric vehicles. The plant, which produces MEB-based electric cars including the ID.3, ID.4, and ID.5, was converted from producing combustion-engine vehicles to EVs in 2018. However, competition from Tesla and Chinese EV makers, along with higher inflation and reduced subsidies, have weakened demand. The exact number of job cuts is unknown, but it could affect a few hundred employees.

via Electrek|
#business#competition#ev-production
technology2 years ago

The GeForce RTX 4060: A Disappointing Launch

The launch of the Nvidia GeForce RTX 4060 graphics card in Japan saw just one person turn up at a retailer to buy the GPU, reflecting the card's underwhelming reception. The $300 RTX 4060 has been deemed to offer no better value than the Radeon RX 7600 and is even worse value than AMD's card for those uninterested in Nvidia tech. Despite the significant performance upgrade it offers, the buyer might have been better off choosing a cheaper alternative. This low demand for the RTX 4060 is not unique, as previous launches in Japan have also seen minimal interest.

via TechSpot|
#geforce-rtx-4060#graphics-card#japan