News

  • 0
  • 0

Global market trend 2022-2029 The rebound in Libyan oil production has also had an impact on the market for delivered duty paid by Newsapacnewswire

The rebound in Libyan oil production has also had an impact on the market for delivered duty paid

Libya's oil production has risen to 700,000-800,000 BPD in the past week, Energy Minister Mohamed Oun said on Monday. That is a significant increase from the 100,000-150,000 b/d the energy minister claimed on June 13.

Libya's apparent increase in oil production last week was partly due to increased production at Sharara, the country's largest field, according to people familiar with the matter. At full capacity, the field can produce about 300,000 barrels a day. In addition, production from Sarir, a key field in the east of the country, is increasing. Libya has Africa's largest oil reserves, but production has been erratic this year due to rising political tensions and protests in the energy sector and ports. In 2021, Libya will produce 1.2 million barrels a day.

Many Opec members, including Libya, have struggled to meet production targets, leading to continued tightness in the oil market. Crude oil prices have risen nearly 50% this year. WTI futures were down 0.28% at $107.69 a barrel at press time, while Brent futures were down 0.59% at $112.45.

In late April, Libya's National Oil Corporation (NOC) said some of its main oilfields and export terminals were blocked by armed groups and a refinery was damaged by armed clashes, reducing national oil production by more than 550,000 b/d at the time. In September, clashes between Oun and Mustafa Sanalla, chairman of Libya's National Oil Company, led to demonstrations at several of Libya's key oil terminals, which also hit the country's oil production.

Factors affecting freight forwarder delivered duty paid Freight transportation

In international freight transport, one of the most concerning issues is the price of freight transport. The cost is directly related to the cost of transportation. Because many exporters do not understand the price of transportation very much, and often have a lot of extra spending, then today to understand the factors of the price of international freight transportation?

Do You Need Freight Forwarders? DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. Send an Email to info@ddpforworld.com and get the latest freight price.

The transportation prices are different for different delivered duty paid

In the general international trade process, the price of transport according to different modes of transport, price is also different. International freight rates are divided into sea freight, air freight and rail freight.

The specific delivered duty paid freight rate can also be subdivided. For example, rail freight can be divided into passenger freight and freight. Shipping rates are also divided into tramp rates and liner rates. Tramp rates are also affected by market supply and demand relations at that time, while liner transport costs are relatively fixed. Airfreight can be divided into general goods, designated goods and special goods, and the specific transportation price is also determined according to the weight of transportation, at the same time, even if the volume is small, the weight is also counted by weight, but if the opposite is large, small weight, also according to the specific volume to calculate.

The choice of international logistics, the quality of logistics will affect the seller's store score, but also affect customer satisfaction rate.

Factors affecting the shipping price of delivered duty paid

In the process of international transportation, there are many factors affecting the price of transportation, in addition to some fuel and labor costs, there are many important factors. For example, the nature of the delivered duty paid, its own value and packaging form, as well as stowage factor and transporter's requirements for transportation, etc. There will be some fixed costs during the use of the ship, such as the ship's maintenance insurance and fuel consumption. There is also the change of supply and demand in the delivered duty paid market. In the transport off-season, transport prices are relatively low, in the transport of the peak season, transport prices will be relatively high.

Logistics advantages of the delivered duty paid in the destination country and region

In Eastern Europe, DHL has advantages in Romania, Bulgaria, Moldova, Hungary and other places while EMS has advantages in Greece, Russia, Turkey and other places. Western Europe, Northern Europe, southern Europe can use DHL international express, TNT international express, these two kinds of customs clearance capacity. TNT has a clear advantage in the Netherlands and Belgium.

For Canada, the United States and other American countries, FedEx, UPS and DHL are all suitable for their strong customs clearance capacity and fast time.

Applicable to Asia, South Korea, Japan, Thailand and other Southeast Asian countries DHL, FedEx. DHL and FedEx are time-saving, but THE price of DHL is higher. Indonesia also suggests USING DHL because it has a stronger customs clearance capacity.

In Oceania, DHL and UPS aging fast, with high prices; TNT and FedEx have lower prices but relatively few outlets. Particular attention should be paid to the "Made in China" label on the packaging of Australian products.

Middle East express ARAMEX, EMS for Middle East region. Commercial express in Africa is very expensive. In remote areas, IT is suggested to send EMS international express. EMS countries have the strongest customs clearance capacity. The air express delivered duty paid can reach many countries and regions that commercial express and postal express cannot reach, so the wide range of delivered duty paid transportation is its advantage.

Contact a professional freight forwarder- D DPFORWORLD - Professional freight forwarder in China

Do You Need Freight Forwarders from China ? DDP for World is a full-service and shipping forwarder dedicated to assisting our clients in focusing and growing their businesses. We do DDP shipping since 2015 by handling home décor, Pet products, battery, power banks, DG cargo, general cargo and Amazon FBA forwarding service. We make your shipping easier and faster by Sea, Air, Express, Truck or Railway. If you have any questions or needs about freight forwarder, please feel free to contact us, we will serve you wholeheartedly.

Email: info@ddpforworld.com

Inquery us

  • tags

Our Latest News

Global market trend 2023-2029 Japan power supply alert and ets2 trailer of the market related introduction by Newsapacnewswire

Japan urges 37 million people to turn off lights, BBC reported On Monday, highlighting the country's severe power shortage. According to Japan's NHK television reported that affected by conti…

Global market trend 2022-2028 The oil prices have fallen may have an important effect on the ets2 trailer market by Newsapacnewswire

Amid criticism of the switch to coal power in many European countries, Makarov of the NGO Climate Action Network said switching back to fossil fuels was "a bad choice" that would have structural consequences. "The current risk is to replace one depen…

Global market trend 2023-2027 The oil prices have fallen but the extent of the ets2 trailer market also has a great impact by Newsapacnewswire

Early morning API data showed crude oil stocks unexpectedly rose 1.845 million barrels in the week ended, gasoline stocks rose 1.821 million barrels and refined oil stocks rose 3.376 million barrels. However, as the market is highly unanimous in its…