So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
The articles linked on this page are shared for informational purposes. The opinions and viewpoints expressed within these articles or their corresponding 'Comments' sections do not necessarily reflect those of Plasma-Tec and/or the employees of Plasma-Tec.
From Joseph Triepke, Oilpro Managing Director Good Morning Oilpro Readers. In this oversupplied market, OPEC has been producing 32.1 mmbpd, above their stated quota of 30.0 mmbpd. This context made OPECs meeting last Friday in Vienna a seminal moment in the 2015 downcycle. But al-Badri knocked the wind out of expectant OPEC watchers when he skipped the part about production levels and quotas in his official statement. OPEC appeared to kick the can, rendering quotas meaningless and suggesting that a production free-for-all lies ahead. With delegates unable to agree on virtually anything (we wonder if arguments erupted over the take-out menu as the meeting ran longer than usual), OPEC has reached a stalemate. Each member supports cuts from every other producer, but each will pump near their own max to offset price declines with volume. OPEC, meet capitalism. Capitalism, OPEC. The oligopolys ability to control prices is gone for now as each member acts in their own self-interest in an