MC 70 cutback bitumen
As you may know, MC 70 cutback bitumen market, demand, and price depend
on many global variables. In the following, we will explore some important
factors in this regard. The US president and the president of the European Commission talked on the phone on Friday evening about various issues,
including China and Russia. According to a verified source, US President
Joe Biden spoke by telephone with European Commission President Ursula
von der Lain on Friday. Biden reaffirmed his support for the European
Union and his commitment to rebuilding and reviving the US-EU partnership.
US-EU agreement to suspend tariffs and the effects on MC 70 cutback bitumen
It’s also important to mention that the two sides also discussed the importance
of close cooperation between the United States and the European Union
and combating the corona epidemic and global health security. According to Reuters, European Commission President Ursula Von said in a statement
on Friday night that she and Joe Biden had agreed that the United States
and the European Union would impose billions of dollars in tariffs on
four goods following a 16-year dispute between Airbus and Boeing.
“This is good news for companies and industries across the Atlantic and a
positive sign for our economic cooperation in the years to come.” In fact,
the United States and the European Union have several cases of subsidies
to Airbus and Boeing. Following the dispute, the United States imposed
$7.5 billion on imports from the European Union and Europe imposed
$4 billion in tariffs on American goods.
EU Trade Commissioner Vladis Demobrovskis welcomed the agreement,
calling it an important step. “This agreement represents a reorganization
of relations with Europe’s largest and most important trading partner,” he said. The suspension of these tariffs is a win-win agreement for both sides
when the corona epidemic has hurt our workers and our economies.
Biden seeks to mitigate the effects of the economic crisis
Generally speaking, Biden competes with big promises,
but then succumbs to the slightest resistance and abandons pre-announced plans. In January 2021, Joe Biden promised widespread assistance to
reduce the consequences of the economic crisis caused by the corona and
the $ 2,000 check for most Americans. To be more specific,
his offer for the $1.9 trillion Corona Aid package included raising the
minimum wage to $15 an hour and unemployment benefits of up to
$400 a week. If Biden brings his plans to Congress, it would be a significant
start to his presidency. However, the package approved by the
Senate on Saturday is disappointing.
Although the government provided significant funding to municipalities to
curb the corona epidemic, social assistance was not present. Besides, the $ 2,000 check promised in early January turned into $ 1,400 even before
the congressional debate, because it had already spent $600. In fact, we
can describe this maneuver as a creative interpretation of
election promises or outright lies.
MC 70 cutback bitumen and the global events
The promise to increase the minimum wage to $15 has also stopped. In other words, a member of the Senate argued that the “US rescue plan”
was not acceptable. The vice president could easily have ignored this view,
but he followed it. Bernie Sanders’ desperate attempt to include the
minimum wage in the bailout package also failed on Friday. Although the
bailout package must be by the House of Representatives before Joe Biden
signs it, major changes are no longer expected. The minimum wage
increase has temporarily set aside.
Once again, the country’s poor could not count on the help of Democrats. The minimum wage did not increase during the Obama presidency. Biden now controls both the House of Representatives and the White House, but even
with that majority, there are not enough Democrats to carry out important
social projects. Biden competes with big promises, but then succumbs to
the slightest resistance and abandons pre-announced plans. In addition, Republicans and Conservative Democrats now know that Biden will give up easily. Additionally, the president’s room for maneuver for political projects
has since become even smaller.
MC 70 cutback bitumen & OPEC Plus oil agreement
At a recent meeting, members of the OPEC Plus oil coalition decided to
extend the oil freeze agreement for another month; a decision that pushed
oil prices to $70 a barrel. At a recent meeting, Saudi Arabia and its allies
in the OPEC Plus oil alliance extended the oil freeze agreement,
the Iran Chamber reported. As a matter of fact, a decision that shook the oil market and intensified inflationary pressures on the global economy,
which is still in the middle of a crisis exit.
Roughly speaking, a year after the bitter price war that even pushed oil prices
to the negative range, the Saudis showed at a recent meeting that their
priority is to maintain the current state of the oil market and do not intend
to oversupply it again by increasing oil supply. “I do not think prices have gone
up too much,” Saudi Energy Minister Abdul Aziz bin Salman told reporters
after a recent meeting of members of the OPEC Plus oil coalition. Last year we, the members of OPEC Plus, suffered a lot. As the final point,
there are several items that can change the MC 70 cutback bitumen and
the oil prices, demands, and the market. That’s why we suggest you to
read some analysis in order to make wise decisions.