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Supply Demand

All articles tagged with #supply demand

technology6 months ago

Nintendo Navigates Rising Costs and Supply Challenges with Strategic Innovations

Nintendo's president defends the $449 price of the Switch 2, highlighting its value and monitoring potential barriers for consumers, especially children. The company is addressing supply shortages, particularly in Japan, and exploring ways to manage rising development costs through innovative software development. Concerns about Game-Key Cards and game preservation are acknowledged, with Nintendo emphasizing collaboration with publishers to support diverse distribution methods.

via GamesIndustry.biz|
#game-key-cards#nintendo#pricing
energy2 years ago

OPEC+ Meeting: Divided Oil Market and Speculators on Alert

OPEC+ will meet in Vienna on June 4 to decide on further production policy steps amid supply volatility, demand uncertainty, and a prospective recession. The group has lowered output by 2 million barrels per day since October 2020 to combat lower demand. Some members have also announced additional voluntary cuts totaling 1.6 million barrels per day in April. Saudi Arabia has warned oil market speculators they could face further pain ahead, in comments some have read as hinting further supply cuts could be in the cards. However, further output cuts are unlikely this weekend unless demand stays low in China.

via CNBC|
#crude-prices#energy#oil-production
energy2 years ago

Oil prices fluctuate amidst market uncertainty and demand concerns.

Oil prices have stagnated near the $80 per barrel threshold, despite OPEC+ producers' decision to cut output earlier this month. Analysts attribute this to broader financial turmoil and recessionary concerns outweighing supply-demand fundamentals. China's reopening has been factored into current pricing, and Beijing's needs are being met by Russian oil. The International Energy Agency warns that the latest cuts risk exacerbating supply-demand strains, pushing both crude and product prices higher. The US, historically a defender of curbing prices at the pump, has been forced to reconsider its stance due to crude oil supply shortages and soaring gasoline prices.

via CNBC|
#biden#china#energy
energy2 years ago

Banking Turmoil Pushes Brent Oil Prices Below $72 Per Barrel

Brent oil prices fell below $72 per barrel due to turmoil in the banking sector, with the downfall of Silicon Valley Bank and the takeover of Credit Suisse by UBS. OPEC+ delegates noted that the drop was likely temporary and not underpinned by supply-demand fundamentals surrounding the physical commodity, but stressed the need to monitor the potential effect on central bank interest rate decisions and inflation. Goldman Sachs cut their oil price outlook, now expecting Brent prices to hit $94 per barrel in the upcoming 12 months.

via CNBC|
#banking-turmoil#brent-oil#energy