Rising Oil Prices: Impact on Auto Industry - Potentially Good News for Japanese Automakers
OPEC’s deal to cut oil production, the first agreement in eight years, quickly led to a sharp rise in Brent Crude prices, today rising above US$53.20, compared to US$48.10 two days ago. If we assume that OPEC members abide by the deal and non-OPEC members restrain themselves (obviously, neither of which is guaranteed), oil prices could continue moving up, which would have major implications for auto manufacturers. In this report, we identify key beneficiaries among the Japanese automakers.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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