M. Holland will be closed on Friday, April 15, in observance of the Easter holiday.
M. Holland is exhibiting at MD&M West in Anaheim, California, this week. MD&M West is the largest medtech conference in the U.S. If you’re attending, please stop by Booth #4111 to meet our Healthcare experts!
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight. For more information, email our 3D Printing team.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Oil prices jumped over 6% Tuesday as lockdowns eased in Shanghai and new data showed Russian production fell to an almost two-year low to start the week.
In mid-day trading today, WTI futures were up 3.3% at $103.90/bbl, Brent was up 3.7% at $108.50/bbl, and U.S. natural gas was up 4.3% at $6.97/MMBtu.
In its most recent report, OPEC shaved 480,000 bpd off its forecast for growth in global oil demand this year while still expecting consumption to surpass 100 million bpd for the first time of the pandemic. The report also shows the cartel’s output rose by just 57,000 bpd in March, well below a 253,000-bpd target.
U.S. natural gas prices are up 79% so far this year, reversing the usual spring declines as commodities fluctuate wildly across the board.
The American Petroleum Institute reported a larger-than-expected build this week of 7.7 million crude barrels, as traders await government data to be released today.
U.S. shale could see a production boost of over 200,000 bpd in 2022, OPEC predicts, even as drillers continue to focus on capital discipline. The move corresponds with steadily rising foreign demand for the nation’s petroleum products:
Russia’s average oil output fell more than 6% — or 700,000 bpd — to 10.32 million bpd during the first 10 days of April, as Western sanctions dent foreign demand and cause the nation’s domestic storage to push capacity limits.
A devastating tropical storm struck the central Philippines yesterday, prompting flooding and landslides that killed more than 20 people.
Two major international bridges — Pharr-Reynosa on Texas’ southern tip and Ysleta Bridge in El Paso — were effectively shut down Tuesday after Mexican truckers blocked lanes to protest a new decree from the Texas administration that forced them to wait hours or days to bring products into the U.S. The shutdowns threaten billions of dollars in trade and are causing backups at smaller crossings where cargoes are diverted.
Chinese year-over-year imports declined last month for the first time since early in the pandemic.
More Shanghai factories, including two of key Apple assembler Pegatron, are halting production as lockdowns hamper transport services.
First-quarter volumes at the Port of Los Angeles climbed 3.5% to an all-time high of 2.68 million TEUs, with greater staffing helping reduce vessel backups.
Global electric vehicle (EV) charging infrastructure is expanding at a notably slower pace than EV sales, suggesting continued low returns for investors in the emerging technology. Over 20 million plug-in EVs are expected to be on roads this June, up from just 1 million in 2016.
GM said Tuesday it would buy cobalt from Swiss miner Glencore to use in its electric vehicles, as automakers around the world scramble to stock up on the material amid supply chain disruptions.
Walmart executives say a campaign to get suppliers to decarbonize has pushed the firm past the halfway point in lowering emissions by 1 billion metric tons, as over 70% of suppliers have started reporting emissions.
The Omicron variant of COVID-19 accounted for 99.2% of new cases globally over the past week. Reported cases and deaths fell for the third consecutive week, but World Health Organization officials warned that much of the decline may relate to the dismantling of tracking and monitoring programs.
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