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May 7th - According to TrendForces latest research on the wafer foundry industry, the global mature process technology is facing a shift in supply and demand. Since the second half of 2025, TSMC and Samsung, the two major wafer foundries, have reduced their 8-inch capacity. Coupled with the continued growth in demand for power management and power from AI servers and other applications, the average 8-inch capacity utilization rate of the worlds top ten wafer foundries has rebounded to nearly 90% by 2026. Not only have 8-inch capacity utilization and foundry prices stopped falling and rebounded, but 12-inch mature processes are also expected to see order transfers due to TSMCs planned production cuts. Although there is currently no supply shortage for 12-inch mature processes, the spillover effect of TSMCs orders in the medium to long term cannot be ruled out, which could prompt Tier 2 wafer foundries to again signal price increases to customers in the second half of 2026.Shell announced a $3 billion share buyback program, which is expected to be completed in the second quarter of 2026.Haber Energy: We achieved an oil price of $79 per barrel and a European gas price of $14.7 per thousand cubic feet in the first quarter.Germanys manufacturing orders, adjusted for working days, rose 6.3% year-on-year in March, compared with 3.50% in the previous month.Germanys seasonally adjusted manufacturing orders rose 5% month-on-month in March, below the expected 1.00% and the previous reading of 0.90%.

WTI price falls below the $76 mark amid altering financial dynamics and global growth concerns

Alina Haynes

Mar 14, 2023 11:40

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The West Texas Intermediate (WTI) price is unchanged on Tuesday amid a weaker US Dollar and muted risk sentiment. WTI fell to a low of $72.31 on Monday as a result of a strong risk-off environment sparked by the repercussions from Silicon Valley Bank (SVB) and Signature Banks. Since then, the WTI price has risen significantly as a result of the Federal Reserve's plan to intervene. After reaching a peak of approximately $76 on Monday, the WTI price retreated as the dynamics of the US Dollar shifted.

 

The financial system is being harmed by rising borrowing costs around the world and growth concerns are being raised. The WTI price is in a corrective decline as the narrative of China's reopening does not appear optimistic, as the country has lowered its growth forecast to 5.0%.

 

The SVB debacle exacerbates global growth concerns, as it is interpreted as the first of many financial system dings. Due to rising financing costs, businesses are struggling to make their repayments, which will eventually result in a decline in demand.

 

Despite tightened production and numerous voluntary cuts from the Organization of the Petroleum Exporting Countries (OPEC), the WTI price is struggling to surpass $80.

 

Oil prices are influenced by a number of variables, including the US dollar, inflation, OPEC, and global growth concerns. Considering the aforementioned factors, it is difficult to rationalize the directional nature of oil prices, but it appears that the oil market is primarily driven by development concerns.

 

Since these nations are struggling to maintain oil prices above the desired $80 mark, it will also be crucial to monitor the OPEC position on reduced oil prices.

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