UK Markets close in 6 hrs 3 mins

  • FTSE 100

    6,671.99
    +33.14 (+0.50%)
     

  • FTSE 250

    20,423.82
    +73.41 (+0.36%)
     

  • AIM

    1,196.87
    -1.69 (-0.14%)
     

  • GBP/EUR

    1.1258
    -0.0001 (-0.01%)
     

  • GBP/USD

    1.3659
    -0.0016 (-0.1202%)
     

  • BTC-GBP

    23,712.07
    -759.09 (-3.10%)
     

  • CMC Crypto 200

    653.11
    +5.79 (+0.89%)
     

  • S&P 500

    3,855.36
    +13.89 (+0.36%)
     

  • DOW

    30,960.00
    -36.98 (-0.12%)
     

  • CRUDE OIL

    53.09
    +0.32 (+0.61%)
     

  • GOLD FUTURES

    1,852.90
    -2.30 (-0.12%)
     

  • NIKKEI 225

    28,546.18
    -276.11 (-0.96%)
     

  • HANG SENG

    29,391.26
    -767.75 (-2.55%)
     

  • DAX

    13,835.72
    +191.77 (+1.41%)
     

  • CAC 40

    5,522.07
    +49.71 (+0.91%)
     
COVID-19:

UK economy hangs in balance amid EU vaccine row

The EU said companies will have to provide more information when they export vaccines, which could hit UK supplies

Worldwide Pretzel Industry to 2024 - Key Drivers, Challenges and Trends

Research and Markets
·4-min read

Dublin, Jan. 08, 2021 (GLOBE NEWSWIRE) -- The "Global Pretzel Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The pretzel market is poised to grow by $401.27 million during 2020-2024 progressing at a CAGR of 1% during the forecast period.

This report on the pretzel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the evolving taste preferences and expansion in retail landscape. In addition, evolving taste preferences is anticipated to boost the growth of the market as well.

The pretzel market analysis includes distribution channel segment and geographical landscapes. This study identifies the growing focus on healthy ingredients as one of the prime reasons driving the pretzel market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

This report on the pretzel market covers the following areas:

  • Pretzel market sizing

  • Pretzel market forecast

  • Pretzel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pretzel market vendors that include Campbell Soup Co., Collier Creek Holdings, Focus Brands LLC, Herr Foods Inc., Intersnack Group GmbH & Co. KG, J&J Snack Foods Corp., Mondelez International Inc., Old Dutch Foods Ltd., PepsiCo Inc., and Pretzels Inc. Also, the pretzel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

  • Market Overview

2. Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

3. Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

4. Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

5. Market Segmentation by Distribution channel

  • Market segments

  • Comparison by Distribution channel

  • Offline - Market size and forecast 2019-2024

  • Online - Market size and forecast 2019-2024

  • Market opportunity by Distribution channel

6. Customer Landscape

  • Customer Landscape

7. Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

8. Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

9. Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Campbell Soup Co.

  • Collier Creek Holdings

  • Focus Brands LLC

  • Herr Foods Inc.

  • Intersnack Group GmbH & Co. KG

  • J&J Snack Foods Corp.

  • Mondelez International Inc.

  • Old Dutch Foods Ltd.

  • PepsiCo Inc.

  • Pretzels Inc.

10. Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/nhudpn

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Latest stories

  • Piers Morgan brands Elizabeth Hurley's revealing photo as 'creepy and thirsty'

    The 'GMB' host didn't see eye to eye with co-star Susanna Reid on the matter.

  • 'It hit us like a brick wall': Hospice nurse opens up about working amid 'uncertain' pandemic

    Thamena Ali, 32, has held many dying patients’ hands over the years, however, watching someone die without their family has been the 'biggest challenge'.

  • Covid patients turned away as hospitals in Indonesia face collapse

    Covid patients turned away as hospitals in Indonesia face collapseOne man died after rejection from 10 hospitals as country passes one million cases of coronavirus * Coronavirus – latest updates * See all our coronavirus coverage

  • Global Reinsurance Market Report 2021: A $400+ Billion Industry - COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

    The "Reinsurance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

  • The issues behind Egypt’s 2011 revolution have not vanished – they now define this era around the world

    What inspired the 25 January revolution still has a lot to tell us all

  • Global User and Entity Behavior Analytics Markets, 2012-2019 & 2020-2027: Market is Expected to Grow at a CAGR of 41.7%

    Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The "User and Entity Behavior Analytics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global User and Entity Behavior Analytics Market to Reach $4.6 Billion by 2027Amid the COVID-19 crisis, the global market for User and Entity Behavior Analytics estimated at US$400.6 Million in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 41.7% over the period 2020-2027. Solution, one of the segments analyzed in the report, is projected to record 35.3% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 54.4% CAGR for the next 7-year period.The U. S. Market is Estimated at $121.1 Million, While China is Forecast to Grow at 39.4% CAGRThe User and Entity Behavior Analytics market in the U. S. is estimated at US$121.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$741.6 Million by the year 2027 trailing a CAGR of 39.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37.3% and 35.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 28.5% CAGR. The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others: Amazon Web Services, Inc.Bay Dynamics, Inc.Dtex Systems Inc.Exabeam, Inc.GuruculRapid7 Inc.Securonix, Inc.Splunk, Inc.Varonis Systems, Inc. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market SharesUser and Entity Behavior Analytics Competitor Market Share Scenario Worldwide (in %): 2019 & 2025Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE User and Entity Behavior Analytics Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027User and Entity Behavior Analytics Market Share Shift across Key Geographies Worldwide: 2020 VS 2027Solution (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027Solution (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027Services (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027Services (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027On-Premises (Deployment Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027On-Premises (Deployment Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027Cloud (Deployment Type) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027Cloud (Deployment Type) Market Share Breakdown by Region/Country: 2020 VS 2027Financial Services & Insurance (Vertical) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027Financial Services & Insurance (Vertical) Distribution of Global Sales by Region/Country: 2020 VS 2027Retail & Ecommerce (Vertical) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027Retail & Ecommerce (Vertical) Global Market Share Distribution by Region/Country for 2020 and 2027Energy & Utilities (Vertical) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027Energy & Utilities (Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027IT & Telecom (Vertical) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027IT & Telecom (Vertical) Market Share Shift across Key Geographies: 2020 VS 2027Other Verticals (Vertical) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027Other Verticals (Vertical) Market Share Breakdown by Region/Country: 2020 VS 2027 III. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSIS Market Facts & FiguresUser and Entity Behavior Analytics Market Share (in %) by Company: 2019 & 2025Market AnalyticsUser and Entity Behavior Analytics Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027User and Entity Behavior Analytics Market Share Breakdown by Type: 2020 VS 2027User and Entity Behavior Analytics Market Estimates and Projections in US$ Thousand by Deployment Type: 2020 to 2027User and Entity Behavior Analytics Market Share Breakdown by Deployment Type: 2020 VS 2027User and Entity Behavior Analytics Latent Demand Forecasts in US$ Thousand by Vertical: 2020 to 2027User and Entity Behavior Analytics Market Share Breakdown by Vertical: 2020 VS 2027 IV. COMPETITION Total Companies Profiled: 38 For more information about this report visit https://www.researchandmarkets.com/r/ey7qoh Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • From The Office to Drag Race, TV recap podcasts are the perfect accompaniment to your lockdown rewatch

    Former stars of shows ranging from ‘Glee’ to the US version of ‘The Office’ are hosting episode-by-episode watch-alongs that unite fans with show insiders – and they’re increasingly lucrative, says Isobel Lewis

  • Global Whole Genome And Exome Sequencing Markets, 2021-2023 - ResearchAndMarkets.com

    The "Whole Genome And Exome Sequencing Markets - By Research, Clinical, Direct to Consumer, AgriBio & Tumor with Executive and Consultant Guides 2020 to 2024" report has been added to ResearchAndMarkets.com's offering.

  • India Farmers Clash With Police, Swarm Delhi as Protests Mount

    (Bloomberg) -- Thousands of Indian farmers on Tuesday escalated protests to revoke controversial agricultural laws, clashing with police and storming key landmarks in New Delhi to pressure Prime Minister Narendra Modi.The farmers, who have camped at various border points around the capital for two months, had permission to demonstrate after the completion of an annual military parade to mark Republic Day, a major public holiday in India. But many gathered early in the day and broke through barricades on the outskirts of the city, prompting police to deploy tear gas in some areas.Television footage showed thousands of protesters clashing with police in central Delhi before reaching the iconic Red Fort, where Indian prime ministers typically address the nation on the country’s independence day in August. It remained unclear if the farmers -- many of whom gathered peacefully -- would seek to camp out in the middle of Delhi, or return to locations outside the city where they had been staying.“We are talking to the farmers -- we are convincing them to go back,” said Depender Pathak, special commissioner of police. “We have faith in farmers. This is an unprecedented situation.”India’s federal home ministry suspended mobile Internet services in some parts of the city where the protests were most tense. Several metro stations were also shut down.Farmer leaders called on protesters to stay peaceful, warning that any violence could hurt their cause.“For the last two months, the entire country and the world has been saying that the peaceful nature of these farmers protests is their strength,” said Yogendra Yadav, leader of Sanyukta Kisan Morcha, an umbrella organization of several dozen farm groups leading the protests. “If this peace breaks down, our strength will take a hit.”Leaders of the protests have rejected Modi’s offers to temporarily shelve the three laws passed in September that overhauled the way farm goods are sold in the country of more than 1.3 billion people, almost half of whom depend on agriculture for their livelihood. The government has defended the legislation, saying they would eliminate middlemen in state-run wholesale markets, increase earnings for farmers and make India more self-reliant.The farmers have continued to call on the government to repeal the legislation, which they say will hurt their incomes and leave them vulnerable to big corporations. While Modi’s Bharatiya Janata Party has a lock on parliament and doesn’t need to call a national vote until 2024, the protests risk hurting his appeal in state elections and could halt momentum for other reforms.Although the demonstrations have hurt the government, the scenes on Tuesday of unruly farmers may undermine their cause, according to Asim Ali, a New Delhi-based researcher at the Center for Policy Research.“This was always the danger, and it seems that it has gone out of hand,” Ali said. “This is possibly what the ruling party would have liked to see.”The tractor rallies marked the first time the protesting farmers have marched into the capital. They are mostly from the neighboring states of Punjab, Haryana, Uttarakhand and Uttar Pradesh. But they have also found support in other Indian cities, including financial centers Mumbai and Bengaluru, where protest marches have also taken place.“More than a 100,000 people with tractors have gathered here and we expect more to join us,” said Manjit Rai, 57, a farm leader coordinating entry at one of the half-dozen entry points into the capital. “People are enthusiastic about the celebrations and we are determined that we will peacefully continue to make our case.”(Updates with details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Best winter duvets 2020: high tog duvets to keep you toasty

    Whether you prefer duck, goose down or a hypoallergenic cover, Abha Shah has your winter warmer options all tucked up

  • Job crisis grows with young Londoners hit worst of all

    UNEMPLOYMENT has raced past 5% the latest official figures show, with worse to come, putting pressure on the Chancellor to provide more financial relief and the Bank of England to slash interest rates below zero. Young workers in London, especially in the largely closed pub, restaurant and hotel trade are hit worst of all by a job tsunami which is the worst since the financial crisis of 2009. Analysts say many workers are in “zombie” jobs supported only by furlough schemes.

  • Ant Group will see 'results' if legal process after IPO halt followed: central bank governor

    Ant Group will see results if the company follows the legal processes following the suspension of its initial public offering, according to China's central bank governor Yi Gang. Beijing has signalled that it wants to strengthen its oversight, particularly of technology firms looking to expand into the financial space, a reversal of its once laissez-faire approach. The drive has spotlighted Alibaba's fintech affiliate, Ant Group, whose record $37 billion listing was halted by Beijing in early November, with its executives called into meetings and told to expect more regulation.

  • SoftBank telco unit rotates CEO, Son steps down as chairman

    SoftBank Corp, Japan's third-largest telco, said on Tuesday Chief Technology Officer Junichi Miyakawa would become its chief executive officer, effective April 1. The change at the top of one of SoftBank Group Corp's largest assets comes after two years of deliberation, with the telco emphasising the need to "pass on the strengths of its current management system to future generations." The rotation is likely to lead to speculation over SoftBank Group CEO Masayoshi Son's own succession plans.

  • Global Grinding Machines Market 2020-2028 with Amada Machine Tools Co, Okuma and 3M Co Dominating

    Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The "Grinding Machines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering. The most prominent factor driving the market growth is continually growing industrial manufacturing sector and revival of automotive industry worldwide.The automotive industry, especially in developed economies such as North America and Western Europe witnessed a gradual slowdown in the beginning of this decade owing to unstable economic conditions. However, with financial markets showing economic stability, the automotive industry in these regions is poised to regain its original growth levels, offering necessary push to the market growth, especially during first half of the forecast period. Thus, the ever rising industrial manufacturing across various verticals worldwide is the most significant factor propelling the market growth. Rising efforts towards maximizing manufacturing capacity is expected only spur the demand for these equipment in the coming years. Another major factor fueling the market growth is availability of wide range of machines designed to be suited across numerous critical applications. With the increasing types of designs and products, more sophisticated grinding machines are estimated to emerge in the coming years, thereby driving the overall market growth.Some of the major companies operating in the market include 3M Company, Amada Holdings Co., Ltd., ANCA Pty Ltd., Junker Group, JTEKT Toyoda Americas Corporation, L. Kellenberger & Co. AG, DANOBAT Group, Koyo Machinery USA, Inc., WMW Machinery Company, Okuma Corporation and Korber AG. Amongst these, Amada Machine Tools Company, Okuma Corporation and 3M Company form among the leading companies of the market. Grinding machines manufacturers are primarily engaged in expanding their product portfolio due to varied grinding requirement across different industry verticals. In addition, strategic partnerships and acquisition too form prominent strategies for these companies in order to expand customer base as well as geographic reach.In 2019, the overall grinding machines market worldwide was dominated by the cylindrical grinding machines segment. Cylindrical grinding machines are among the most popular grinders used across various applications such as machine tools & parts manufacturing, automotive and others. In addition, due to high cost per unit, the segment revenue becomes significantly higher as compared to other counterparts. Due to ongoing advancement, the segment is projected to retain its dominant position in the market throughout the forecast period. The segment is followed by surface and gear grinding machines segment. Similar to cylindrical grinding machines, these products too find extensive application in automotive and machine tools & parts manufacturing. Subsequently, the segments are estimated to exhibit robust growth during the forecast period.The overall grinding machines market was led by the automotive and machine tools & parts manufacturing segment, in 2019. The two segments collectively contribute to nearly 50% of the total market revenue generated worldwide. Machine tools & parts and automotive manufacturing are among the largest verticals across the overall manufacturing industry worldwide. Of these, machine tool & parts manufacturing contributes to higher share, in terms of market value. The overall expenditure on machine tools is expected to continue growing in the following years. This is the most prominent factor estimated to drive the demand for related grinding machines during the forecast period. Due to high requirement of grinding process (as compared to other applications), machine tool & parts manufacturing and automotive segments are estimated to remain the largest applications throughout the forecast period. The segments are followed by consumer goods manufacturing and aerospace & defense segments. Aerospace & defense segment is projected to register the highest growth during the forecast period.In 2019, the global grinding machine market is dominated by the Asia Pacific region contributing to more than 40% of the overall market revenue. The region is home to huge manufacturing industry across machine tools, automotive, electronics, consumer products and others. Strong anticipated growth in the manufacturing sectors of China, India, South Korea and others would continue to exhibit robust demand for machine tools in the coming years. As a result, the region is projected to retain its leading position in the market throughout the forecast period. Europe follows Asia Pacific in the overall grinding machines market. The market here is majorly governed by the U.K., Germany, France and Spain, due to their huge manufacturing sector.Key Topics Covered: Chapter 1 PrefaceChapter 2 Executive SummaryChapter 3 Market Dynamics3.1 Introduction3.1.1 Global Grinding Machines Market Value, 2018 - 20283.2 Market Dynamics3.2.1 Market Drivers3.2.1.1 Strong Industrial Manufacturing Sector Worldwide3.2.1.2 Revival Of The Automotive Industry3.2.1.3 Availability of Wide Range of Grinding Machines3.2.2 Market Restraints3.2.2.1 Fluctuating industrial sector growth may hamper the demand for grinding machines3.2.3 Impact Analysis of Drivers and Restraints3.3 Value Chain Analysis3.4 Attractive Investment PropositionChapter 4 Market Inclination Insights: Grinding Machine4.1 Overview4.1.1 Evolution of Grinding Machine4.1.2 Key Trends Analysis4.1.2.1 Product And Service Enhancement4.1.2.2 Shift Towards Automated Grinding MachinesChapter 5 Global Grinding Machines Market, By Control Type5.1 Overview5.2 Conventional Grinding Machines5.3 CNC Grinding MachinesChapter 6 Global Grinding Machines Market, By Product Type6.1 Overview6.2 Surface Grinding Machines6.3 Cylindrical Grinding Machines6.4 Tool and Cutter Grinding Machines6.5 Bench Grinding Machines6.6 Belt Grinding Machines6.7 Gear Grinding Machines6.8 Jig Grinding Machines6.9 Other Grinding MachinesChapter 7 Global Grinding Machines Market, By Application7.1 Overview7.2 Automotive Application7.3 Aerospace and Defense7.4 Electrical and Electronics Manufacturing7.6 Machine Tools and Parts Manufacturing7.7 Shipbuilding7.8 Other ApplicationsChapter 8 North America Grinding Machines Market Analysis8.1 OverviewChapter 9 Europe Grinding Machines Market AnalysisChapter 10 Asia Pacific Grinding Machines Market AnalysisChapter 11 Rest of the World (RoW) Grinding Machines Market AnalysisChapter 12 Competitive Landscape12.1.1 Market Positioning of Grinding Machine Manufacturers12.1.2 Strategies Adopted by the Leading Manufacturers12.1.2.1 New Product Development12.1.2.2 Expansion through Strategic Partnerships & Acquisitions12.1.2.3 Distribution Network ExpansionChapter 13 Company Profiles Amada Holdings Co., Ltd.3M CompanyJTEKT Toyoda Americas CorporationJunker GroupL. Kellenberger & Co. AGANCA Pty Ltd.DANOBAT GroupWMW Machinery CompanyKoyo Machinery U.S.A. Inc.Okuma CorporationKorber AG For more information about this report visit https://www.researchandmarkets.com/r/briyw3 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • Oil Steady Near $53 as Demand Fears Mingle With Tighter Supply

    (Bloomberg) -- Oil traded near $53 a barrel in New York as concerns over the pandemic’s latest hit to demand were tempered by signs of tighter global supply.Futures in New York increased 0.5% after rising 1% on Monday. A flare-up of the coronavirus in China is threatening fuel demand during the Lunar New Year period, with the government encouraging millions not to travel to prevent the outbreak from spreading further.At the same time, output from some key nations is being pared back.Seaborne exports of Russia’s flagship Urals crude will drop by almost 20% in February from a month earlier, adding to lower Iraqi production and crimped Libyan shipments. Prompt timespreads for the U.S. benchmark and global Brent are in a bullish market structure and widening, indicating shrinking supplies.Oil has surged almost 50% since the end of October but the rally has started to falter amid concerns about a sustained recovery in global fuel demand. Vaccine coverage won’t reach a point where it will stop the transmission of the virus in the foreseeable future, the World Health Organization said on Monday.“Oil is currently balancing between future hopes, believes and convictions versus a current dire situation,” said Bjarne Schieldrop, chief commodities analyst at SEB AB. “It is a balance between current weakness versus projections and hopes for future strength.”Brent’s prompt timespread was 23 cents a barrel in backwardation -- where near-dated contracts are more expensive than later-dated ones -- compared with a 7-cent contango at the start of the month.About 1.7 billion trips are expected across China over the Lunar New Year period, down 40% from 2019, although 15% higher than last year. The travel rush, which starts on Jan. 28 this year, runs for 40 days and is normally the biggest mass movement of people around the globe as hundred of millions of Chinese jump on planes, trains and automobiles to see their extended families.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • 19 celebrities who got real about their post-baby bodies

    "It’s not normal to look like that eight months after having a kid. It was my job to look that way."From Cosmopolitan

  • Best heated clothes airers: the top indoor electric airers to dry your clothes

    This unassuming appliance is your drying solution lifesaver on cold rainy days

  • Nikki Haley Hammered For Asking To Give Donald Trump A Break And ‘Move On’

    The former U.N. ambassador tried to paint the former president as the real victim and it did not go over well.

  • Violent clashes as Indian farmers storm Delhi's Red Fort

    Violent clashes as Indian farmers storm Delhi's Red Fort. Farmers protesting against new agriculture laws enter grounds of historic fort as violence breaks out

  • Global Computers Market Report 2021: COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

    The "Computers Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.