Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

What Are The Recent Economic Changes In China That Can Impact Oil & Gas Supply Chains?

March 22, 2019 at 5:03 PM / by PowerAdvocate posted in Industry Insights, Market Update, Data and Analytics, tariffs, imports

Summary
  • As China’s economic expansion matures and its GDP growth rate slowly declines, global supply chains will shift as they restructure around new economic realities in China
  • A major contributing factor to declining GDP growth rates in China is a slowdown in manufacturing, which constitutes nearly 30% of the country’s GDP
  • Increasing costs of production, which include rising labor wages, are making manufacturing in China costlier and thereby exports more expensive to global markets
  • The current US-China trade war, in which up to $250B of imports from China are subject to tariffs by the current administration, is adding additional pressure to global trade
  • It is imperative that Oil & Gas firms leverage better market data to stay abreast of global macroeconomic developments that can potentially impact their supply chains

 

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Section 232 Threatens Steel and Aluminum

February 23, 2018 at 4:49 PM / by Jaclyn Tran posted in E&P, Utility, Midstream, Downstream, power, upstream, steel, tariffs, imports, aluminum, Section 232

UPDATE: In a surprising move, President Trump announced on March 1 that he intends to impose sweeping 25% tariffs on steel imports and 10% tariffs on aluminum -- the most severe of the potential trade remedies recommended by the Department of Commerce. Details of the plan are still unknown, but the announcement has already driven dramatic steel and aluminum price increases and spooked equipment manufacturers. Register for our March 13 webinar for the latest updates on Section 232.  

Read on for our initial analysis of the Department of Commerce's recommendations.

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