VIENNA， Dec. 1 (Xinhua) -- An output cut by the Organization of the Petroleum Exporting Countries (OPEC) will help adjust relations between supply and demand and shore up oil prices in the short term， it can hardly change the sluggish crude oil market， observers noted.


The 12-nation bloc agreed in Vienna on Wednesday to lower its crude oil output by 1.2 million barrels per day to 32.5 million barrels per day. The cut， the first in eight years and would be effective from Jan. 1 for six months， is a watershed in OPEC's market policies since 2014.


Analysts interpret the cut as the cartel's admittance of the failure of its two-year low-price and high-output policy， designed to deprive the U.S. shale oil of its market shares.


In the fourth quarter of this year， the global crude oil market has witnessed a daily oversupply of 1 million barrels， but the shale oil has not kissed the dust yet.


Consequently， the plummeting oil prices had dragged the Middle East oil-exporting countries into a fiscal crisis. The OPEC countries recorded a total sales revenue of 920 billion U.S. dollars in 2012， but would only pocket around 341 billion this year.


All this forced OPEC to resort to the new strategy of cutting production.


Saudi Arabia， OPEC's largest producer， has agreed to bear the lion's share of the cut， but most member countries， including Iraq， which had initially refused to freeze its output， will limit their production.


The International Energy Agency predicted that if the reduction agreement is implemented， the oversupplied market will become one where demand exceeds supply by 2017.


But there's low possibility that the global oil market would thus be much improved as the slowdown in the world economy depresses oil demand and shale oil production is thriving thanks to new technology.


Currently， with the production cost of North American shale oil down to less than 50 dollars per barrel， shale oil production can still gain benefits amid a sluggish market.


In the past two years， despite low oil prices that led to a decrease in shale oil production， shale oil shows a better-than-expected flexible space -- it can quickly adjust its output according to the market.


Previously， a small rebound of international oil prices has increased shale oil drilling rigs. The anticipated rebound of oil prices after the OPEC cut announcement is expected to push up shale oil production.


John Hall Fei， chairman of Alfa Energy， said the reduction agreement could "save OPEC，" but would bring the shale oil back， noting U.S. shale oil companies were happy with the announcement and would increase the rigs soon.


In fact， it is very possible that the rapid recovery in shale oil production will squeeze the market of OPEC members.


Besides， U.S. President-elect Donald Trump has promised to eliminate pumping restrictions， support oil and gas pipeline construction and open more federal lands and offshore areas for exploration， including Alaska.


In the past 10 years， OPEC has seen a shrink in its market shares with a weakening pricing power in the global crude oil market. It could register further loss in the following race with the shale oil.

Bluetooth Smart and Smart Ready Market Size To Reach $5.34 Billion By 2023

by Miller@21 · November 1 Authentic Jim Thome Jersey , 2018


The global聽Bluetooth Smart and smart Ready Market聽based on value was USD 4.55 billion in 2016 and is expected to reach USD 5.34 billion by 2023, at a CAGR of 2.23% during the forecast period. The growth of this market is being fueled by the technological advancements over the last few years.




Bluetooth smart and smart ready of electronics refers to the technology that involves generation Authentic Manny Ramirez Jersey , control, and dissipation of the heat generated within the electronic devices and other electronic systems. The recent developments in technology have led to increase in the demand for miniature devices and power computing devices. With the technological advancements Authentic Eddie Robinson Jersey , the demand for improved and efficient Bluetooth smart and smart ready is growing to ensure the optimal operating temperature of the electronic devices. The global Bluetooth smart and smart ready market has been segmented on basis of technology, application Authentic Bob Feller Jersey , and geography. The Bluetooth smart and smart ready market based on application is expected to be led by consumer electronics segment during the forecast period. The rise in applications of smart wireless sensors that uses Bluetooth technology is boosting the growth of the Bluetooth smart and smart ready market for consumer electronics.


Download PDF Brochure @聽 聽

APAC is expected to hold the largest share of the Bluetooth smart and smart ready market by 2023, and it holds a tremendous potential for the growth in the coming future due to its huge potential for the application of IoT applications and existence of excellent transportation facilities and big car manufacturers such as Toyota Motor Corporation (Japan) and Nissan Motor Company Ltd. (Japan).


The rising demand for Bluetooth smart and smart ready in consumer electronics Authentic Larry Doby Jersey , growing application arena, and cost efficient Bluetooth devices with low power consumption are the drivers for the Bluetooth smart and smart ready market.


Market Dynamics


Drivers

Increasing investments in the IoT technology Rise in the applications of smart wireless sensors Cost-efficient Bluetooth Smart and Smart Ready devices with less power consumption Growth of wearable devices and appcessories

Restraint

Low data streaming capacity can confine the growth of Bluetooth smart and smart ready

Opportunities聽聽

Faster IP connectivity with improve. Wholesale Jerseys Cheap Wholesale Jerseys From China Wholesale Jerseys Cheap Wholesale Kids Jerseys Wholesale MLB Jerseys China Wholesale NFL Jerseys Wholesale Jerseys China Free Shipping Wholesale NHL Jerseys China Wholesale NFL Jerseys Free Shipping Wholesale College Jerseys