• Web Developer

    HT Jobs | - Feed Apr 15, 2018 | 14:55 pm

    Web Developer Web Developer familiar with CMS systems (Joomla, WP etc) and fluent with PHP, HTML5, CSS needed for bug fixes and further development of an exciting IT project. Enthusiasm and ability to learn and improve is more important than experience.The job[…]

    Read more...
  • CTO / Lead Developer

    HT Jobs | - Feed Apr 11, 2018 | 15:05 pm

    CTO / Lead Developer An exciting recently funded startup operating in the healthcare IT domain is looking for an CTO to join and lead (hands on) both engineering and web application development of the company.Job descriptionEternAll Sciences is an e-health startup active in Finland[…]

    Read more...
  • Service Coordinator, Vestas Finland, Vaasa

    HT Jobs | - Feed Feb 3, 2018 | 10:57 am

    Service Coordinator, Vestas Finland, Vaasa Do you have a passion for delivering first class administration service to an organization? Do you want to be a part in an ambitious team in a dynamic environment? Then this challenge might be something for you!PositionSERVICE COORDINATOROrganizationVestas Northern Central[…]

    Read more...

Business view
Tools
Typography

LAST week OPEC decided not to cut their oil production in order to prop up the sagging price of oil. Predictably, the news of their inaction caused oil prices to fall even farther. While this may be good news for drivers and frequent flyers, it might not be good news for some other sectors of the Finnish economy.

THE price of oil has fallen steadily from about €82 per barrel in June to €56 now. In terms of the US dollar, in which most oil is bought and sold, prices are down 37% over the past five months. Market prices have been under pressure from both the supply and demand sides.

SUPPLY has increased due to some producers like Libya returning to the market, but the biggest change has been in North America. Due to fracking America has increased its production of oil to the highest level since the late 1980s. Fracking – which involves pumping high pressure liquids underground – is increasing around the world.

SIMULTANEOUSLY demand for oil has weakened in several of the major consumer countries, like China and Japan. China first introduced fuel economy laws in 2004, but has already neared American standards and plans to match Europe by 2020. As supply has increased and demand has softened, prices have collapsed.

...

David J. Cord
(This email address is being protected from spambots. You need JavaScript enabled to view it.

Only a fraction of the articles are available to public, please subscribe to be able to read whole article on the digital paper.

Please check our subscription periods and prices from here.

Read Helsinki Times with a subscriber code
Helsinki Times's digital paper has moved to our partner's website, LEHTILUUKKU.FI

Helsinki Times can be read with a subscriber code provided by the publisher or subscription office.

If you have received a subscriber code from the Helsinki Times, you may attach it to your Lehtiluukku user account to gain free access to Helsinki Times. The same subscriber code is valid for iPad and iPhone Helsinki Times' application.

Also the Android App is downloadable from Google play.

Finland in the world press

Helsinki Finland Blustery, 11 °C
Current Conditions
Sunrise: 5:47 am   |   Sunset: 8:53 pm
59%     13.0 m/s     34.169 bar
Forecast
Fri Low: 1 °C High: 11 °C
Sat Low: 2 °C High: 8 °C
Sun Low: 3 °C High: 6 °C
Mon Low: 2 °C High: 6 °C
Tue Low: 3 °C High: 6 °C
Wed Low: 3 °C High: 7 °C
Thu Low: 2 °C High: 8 °C
Fri Low: 2 °C High: 8 °C
Sat Low: 2 °C High: 8 °C
Sun Low: 3 °C High: 9 °C

Partners