Monthly Archives: January 2020

Oil and Gas Prices Fall as Coronavirus Grows

Oil and gas prices are highly determined on the current economic growth or world events. Factors such as climate change, country disputes and diseases can have a negative impact on the slump in oil and gas demand however, for the consumer it can be less strain on their wallet.

At the beginning of the year we saw the Iran leader who was strategically targeted and killed by the US which had an impact on oil and gas prices. Now we are being met with a new challenge, the disease outbreak in China known as the Coronavirus, which has meant oil and gas prices are continuing to fall dramatically. Barrels have in fact, gone down roughly $6 per barrel since 20th January 2020 which is highly significant. If the spread of the disease grows it is likely that we will continue to see prices fall.

China is one of the big players when it comes to oil and gas consumption and because they use so much of the world’s oil having a disease outbreak in the middle of China is incredibly important. Following the outbreak, oil and gas demand has decreased and is now seeing prices drop dramatically already.  

The economic impact of the Coronavirus will depend on how widespread the outbreak and how quickly it can be contained. We may see further impact to oil and gas prices if the outbreak isn’t controlled effectively.

Previous outbreaks such as SARS in 2002 can suggest that the outbreak could negatively affect the consumer over the next 2 – 3 months and be compensated for later on in the year, however, that is yet to be determined.

Prices fall when demand is decreased and generally, prices will rise as soon as demand starts to increase again. Oil and gas prices are continually fluctuating but big events like the Coronavirus and climate change can have an impact on oil and gas price futures which will probably see them being lower than previous years.

Hydraulic Press

A hydraulic press is a machine which uses a hydraulic cylinder to generate a compressive force. It can be understood as any machine using hydraulic pressure to compress anything. Hydraulic press are replacing mechanical press all over as a mechanical press can only develop full force at close to bottom of stroke whereas a hydraulic press has the ability to deliver full pressing force anywhere in the range of stroke. This significantly improves the overall performance of a hydraulic press.

The hydraulic industry can be credited with significantly impacting and changing the face of human machinery forever. A lot of machine based important tasks would not have been possible with out them. From bulldozers to forklifts many such machines are powered by hydraulic systems to perform their day to day task.

Main Benefits

Higher capacity presses can generate hundreds of tons of pressure for efficient high-volume production. Out of the many advantages they offer, their key features remain customization, flexibility, dedicated or multi-functionality, lower up front costs / fast ROI, no design limitations, over-pressure protection, unlimited control options, condensed footprint and high accuracy.

Applications

Such Press usage is widespread and the few areas where it is used can be listed as blanking, clamping, coining, compacting, compression moulding, drawing, embossing, forging, flying cut-off, forming, heated platen, injection moulding (rim, pim, etc.), pad forming, powder compacting, punching, spotting, stacking, stamping, steel rule die cutting, tank head forming, trimming, tryout, and more.

Current Scenario

The hydraulic press continues to be the press of choice for today’s modern manufacturers. The advantages of the hydraulic press versus mechanical presses is being realized and utilized by more and more manufacturers. Hydraulic press exporters while marketing their product don’t forget to stress on its main USP of performance, reliability, and unlimited capability in almost any application.

The full range of today’s presses is some of the most powerful and versatile manufacturing equipment. These machines are crucial for the forming and moulding of a wide range of materials: metals, plastics and composites, rubber, wood, and laminates. Needless to say that Hydraulic press exporters form the back bone of the manufacturing industry of any country.