• News
  • World
  • Economy
  • Society
  • Health
  • Sport
  • Culture
  • Techno
  • Science
The Gal Times
No Result
View All Result
No Result
View All Result
The Gal Times
No Result
View All Result

Oil firms up on weaker dollar, rise in US crude inventories cap gains

Nick Quaz by Nick Quaz
December 23, 2020
in Economy
0
Oil firms up on weaker dollar, rise in US crude inventories cap gains


Oil firms up on weaker dollar, rise in US crude inventories cap gains

Oil firms up on weaker dollar, rise in US crude inventories cap gains

RelatedPosts

Kasing: Fresh treatment for Kasinger sports grounds

Kasing: Fresh treatment for Kasinger sports grounds

April 21, 2021
Tesla, accident with no one driving: for Elon Musk the Autopilot was not enabled

Tesla, accident with no one driving: for Elon Musk the Autopilot was not enabled

April 21, 2021
Global Market Digital Lending Platform: Top Players, Growth, Participation, Market Size, Sales and Forecast for 2030

Global Market Digital Lending Platform: Top Players, Growth, Participation, Market Size, Sales and Forecast for 2030

April 20, 2021

Thank you for reading the news about Oil firms up on weaker dollar, rise in US crude inventories cap gains and now with the details

Jeddah – Yasmine El Tohamy – LOS ANGELES/LONDON: Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.

A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.

That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.

Container ship operators ferry the majority of consumer goods, and transportation and trade sources warn that prolonged industry disruption could cause shortages and complicate the global economic recovery.

Thompson, founder of Washington-based Plugable Technologies, sells work-from-home staples like laptop docking stations. He diversified sourcing to be less reliant on a single country for manufacturing and less exposed to US tariffs on Chinese goods.

Things did not go as planned and now, like many other importers, he is concerned about keeping enough product in stock.

“We’ve moved production out of China and moved ourselves right into a disadvantage,” said Thompson.

His new factory in Thailand was first to suffer delays of about four weeks, in part because shipping companies routed empty containers to the top priority US-China trade lane.

Those logistical snags cascaded and now his remaining shipments from China — the world’s No. 1 manufacturer — are postponed by as much as three weeks.

And he is not alone — US retailer Costco Wholesale Corp. and Honda Motor Co. Ltd. in the United Kingdom have also suffered delays.

“Everyone’s trying to squeeze through this narrow opening all at once,” said Rick Woldenberg, chief executive of Illinois-based Learning Resources which supplies educational toys to Amazon.com and other major retailers. It can “really screw up your plans,” he said.

Container ships have been sailing at full load since August – something that has not happened in a decade, said Peter Sand, chief shipping analyst with trade association BIMCO.

ADVERTISEMENT

Rolf Habben Jansen, chief executive of Germany’s Hapag-Lloyd, told investors that the container line was “deploying every available ship.”

Frustration is building. Importers and exporters are “upset they’re not able to move their product or crop as willingly as they would like to,” said Gene Seroka, executive director of Port of Los Angeles – the busiest US seaport.

“We need to get the trade flow going to grease the engine for the whole world economy,” said Christopher Tang, a business professor at the University of California-Los Angeles.

Port staffing reductions due to COVID safety rules also play a part.

“It’s a combination of strong volume and slower and less efficient operations,” said Lars Mikael Jensen, head of network with Denmark’s A.P. Moller Maersk, the world’s biggest container line.

“This is the perfect storm for global container flows,” Jensen said.

These were the details of the news Oil firms up on weaker dollar, rise in US crude inventories cap gains for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

Share Button

Related Posts

Kasing: Fresh treatment for Kasinger sports grounds

Kasing: Fresh treatment for Kasinger sports grounds

by Nick Quaz
April 21, 2021
0

The terrace is now almost twice as wide as it used to be: Stefan Heisler (left) and Stefan Geisberger, two...

Tesla, accident with no one driving: for Elon Musk the Autopilot was not enabled

Tesla, accident with no one driving: for Elon Musk the Autopilot was not enabled

by Nick Quaz
April 21, 2021
0

There is obviously something very strange. Yesterday the news went around the network of a fatal accident that has involved...

Global Market Digital Lending Platform: Top Players, Growth, Participation, Market Size, Sales and Forecast for 2030

Global Market Digital Lending Platform: Top Players, Growth, Participation, Market Size, Sales and Forecast for 2030

by Nick Quaz
April 20, 2021
0

Marketresearch.biz recently published a research report on the market Digital loan platform which provides an in-depth analysis of key factors...

Albert (66) and Chris (64) see their house increase in value fivefold in 40 years: “We could only dream of this” | My Guide: Living

Albert (66) and Chris (64) see their house increase in value fivefold in 40 years: “We could only dream of this” | My Guide: Living

by Nick Quaz
April 20, 2021
0

HLN Drive Stress to get to your destination? This way you can continue driving an electric car 19 aprilStress to...

The turnover of housing appraisers falls almost 10% in the year of the Covid | Economy

The turnover of housing appraisers falls almost 10% in the year of the Covid | Economy

by Nick Quaz
April 20, 2021
0

The activity of the 21 large appraisal companies fell by more than 11% during the 2020 financial year, from 1.1...

That means the mandatory test offer for companies

That means the mandatory test offer for companies

by Nick Quaz
April 19, 2021
0

Corona That means the mandatory test offer for companies In the future, companies will have to offer their employees corona...

No permit for 538 Orange Day, test festival Lichtenvoorde ‘postponed’

No permit for 538 Orange Day, test festival Lichtenvoorde ‘postponed’

by Nick Quaz
April 19, 2021
0

Two controversial test events in which 10,000 visitors would be present, will not take place anyway. It concerns the 538...

Donated money instead of gifts

by Nick Quaz
April 19, 2021
0

Linz. A very pleasant meeting took place in the middle of April in the distribution point of the Tafel Linz...

The Stock Exchanges today, April 19, 2021. Markets cautious after Wall Street records. The new BTP Futura starts

The Stock Exchanges today, April 19, 2021. Markets cautious after Wall Street records. The new BTP Futura starts

by Nick Quaz
April 19, 2021
0

MILANO – Weak session for European markets which all closed down in line with the trend of trading on Wall...

3 Days Left To Disburse IDR 3.55 Million Incentive, Follow These Steps!

3 Days Left To Disburse IDR 3.55 Million Incentive, Follow These Steps!

by Nick Quaz
April 19, 2021
0

Pre-employment Card: 3 Days Left To Disburse IDR 3.55 Million Incentives, Follow These Steps! Pre-employment Card (Instagram) TEBET, Come onBOGOR...

No Result
View All Result

Recommended

  • WEEKLY ENERGY RECAP: December 18, 2020
  • 54,000 Saudis benefit from SDB COVID-19 support programs
  • Stocks recorded and the dollar is dropping
  • The yuan grows against the dollar: is this good or bad for the Chinese economy?
  • Blue dollar today: how much it is trading at on Thursday, December 17
  • Dollar Today: How much is traded on Wednesday January 20 – scale.com
  • China says aircraft carrier group on way to S. China Sea for drills
  • 7 things you need to know on Tadawul today
  • US warship sails by China-claimed Spratly Islands
  • Tesla to see unprecedented trade ahead of S&P 500 debut

Recent News

  • Absolute sincerity: what Ngel de Brita said about Jorge Rial’s new cycle
  • Prince Philip’s funeral will take place next Saturday, and Harry’s presence will be confirmed
  • Janina Maradona destroyed Luis Ventura in an open letter: “My dad hated you every cell in his body.”
  • Natalie Weber’s super hot statement about her closeness to Maura Zarate: “I send her a video when she concentrates or goes to the preseason”
  • Incredible scandal with Nicole Neumann and Wikiconte in the country where Kubero lives: “Mika saw her come in and yelled at the guard”
  • UAE provides over 10 million coronavirus vaccine doses
  • Ramadan prayer timings in Abu Dhabi, Dubai and Sharjah
Facebook Twitter

Categories

  • Culture
  • Economy
  • Health
  • News
  • Science
  • Society
  • Sport
  • Techno
  • World

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Contact us
  • Privacy Policy

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.