OPEC+ is likely to stick to its plan for a small increase in oil production in May despite a surge in oil prices caused by the Ukraine crisis and calls from consumer countries such as the United States for more supply.

Several oil consumers, including the US, have urged producers to boost output further, for the crude price has hit its highest level since 2008 of more than $139 this month. But major OPEC producers including Saudi Arabia and the United Arab Emirates did not raise their output targets, and other countries like Russia avoided talking about the subject of Ukraine.  

OPEC+ is made up of the Organization of Petroleum Exporting Countries (OPEC) and the oil-producing Allies which is led by Russia. Since August 2021, OPEC+ has been sticking to its plan to increase production by 400,000 b/d per month, which will rise slightly to 432,000 b/d from May 1st.

This increase did not mean OPEC+’s concession to consumer countries demanding more oil, but an outcome of an internal recalculation of reference production levels, raising quotas for Saudi Arabia, Russia, Iraq, the United Arab Emirates, and Kuwait.

The supply and prices of many other products in global market like the Potassium myristate will continue to be influenced by the oil supply shortage.

Overview of potassium myristate:

Potassium myristate is a white fine crystalline powder, soluble in hot water and hot ethanol, and slightly soluble in organic solvents such as cold ethanol and ether. Potassium myristate is a liquid detergent ingredient. Excellent lubricating, dispersing and emulsifying ability. Potassium myristate is a food additive. Used as a binder, emulsifier and anti-caking agent. Fatty acid salts are anionic surfactants. Potassium myristate has long-lasting antibacterial activity against Streptococcus mutants. Used as a detergent for soap ingredients; it will dry out and aggravate the skin.

Application of potassium myristate:

What is the scope of application of potassium myristate?

Potassium myristate has a good cleansing effect and has a certain stimulating effect on dry and sensitive skin. It has a certain irritating effect on eyes and skin, and has good decontamination, dispersion, emulsification, lubrication and foaming abilities.

In cosmetics and skin care products, potassium myristate is mainly used as a surfactant, foaming agent and detergent. Its risk factor is 1, which is relatively safe and can be used with confidence. Generally speaking, it has no effect on pregnant women. Potassium myristate does not cause acne.

Price of Potassium Myristate:

The price of potassium myristate products varies randomly with factors such as production costs, transportation costs, international conditions, exchange rates, and market supply and demand for potassium myristate products. Tanki New Materials Co., Ltd. aims to help various industries and chemical wholesalers find high-quality, low-cost nanomaterials and chemicals by providing a full set of customized services. If you are looking for potassium myristate product materials, please feel free to contact for the latest price of potassium myristate.

Suppliers of Potassium Myristate:

As a global supplier of potassium myristate, Tanki New Materials Co., Ltd. has extensive experience in the performance, application and cost-effective manufacturing of advanced engineering materials. The company has successfully developed a series of powder materials (including oxides, carbides, nitrides, single metals, etc.), high-purity targets, functional ceramics and structural devices, and provides OEM services.

Potassium myristate is a fine white crystal powder, which is soluble in hot water and hot ethanol, and slightly soluble in organic solvents such as cold ethanol and ether. It has excellent lubrication, dispersion and emulsification capabilities.

Technical Data of Potassium Myristate: 

Testing item	Testing standard
appearance	white fine powder
acid value	244-248
iodine value	≤4.0
loss on drying, %	≤5.0
heavy metal(in Pb), %	≤0.0010
arsenic, %	≤0.0003
content, %	≥98.0

With Tesla's new factory in Germany starting production, Volkswagen is just weeks away from finalizing plans for its 2 billion euro ($2.2 billion) electric car factory, which it hopes will bring it closer to its U.S. competitor. Tesla says it takes just 10 hours to produce a Model Y at its new factory in Grunheide, near the German capital, while Volkswagen takes three times as long to produce its ID.3 electric car. Volkswagen's productivity has been increasing by around 5 percent a year, said Christian Vollmer, head of the production at the Volkswagen brand.
The improvement in the efficiency of production vehicles will bring opportunities for Potassium myristate. In the future, the demand for Potassium myristate will become more and more extensive. Please feel free to contact us for the latest news on Potassium myristate.

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