M. Holland will be closed tomorrow, 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.
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Oil prices rose about 4% Wednesday as a large increase in U.S. crude inventories failed to soothe worries over tight global supply.
In mid-day trading today, WTI futures were up 1.4% at $105.70/bbl, Brent was up 1.5% at $110.40/bbl, and U.S. natural gas was up 4.4% at $7.30/MMBtu.
The International Energy Agency cut its oil demand outlook by 260,000 bpd this year due to lockdowns in China.
U.S. crude stocks rose a higher-than-expected 9.4 million barrels last week, in part due to releases from the nation’s strategic reserves, while gasoline and distillate inventories fell.
Gasoline shipments from Europe to the U.S. are down 23% from the same time last year as high prices at the pump weaken U.S. demand.
First-quarter dealmaking in the U.S. oil and gas industry rose fourfold in value from the same time last year, driven mostly by buyer interest in North Dakota and Colorado basins.
A record 904 drilling permits were awarded last month for the U.S. Permian Basin, foreshadowing a boost in crude production capacity by early 2023.
Record amounts of dry natural gas are being produced from the Haynesville shale play in eastern Texas and Louisiana, the nation’s third-largest production site:
A decade of cost scaling in the renewable energy sector reversed over the past year, with prices for wind and solar power in major global markets rising almost 30% due to supply-chain havoc and inflation.
The Shanghai freight index dropped 13% over the past six weeks, the sharpest decline in its 10-year history. Analysts warn of massive logistics disruption if Shanghai-like lockdowns spread to the industrial province of Guangdong, where some virus-prevention measures were tightened last week.
March throughput at the Port of Los Angeles rose 17% from February to 958,674 TEUs, the fourth-highest month of all time.
South Africa’s Port of Durban, the largest below the Sahara, is just starting to resume operations after a 36-hour halt caused by severe flooding.
TransContainer expects about 30% of containers on the Russian market to be withdrawn from circulation starting in May, following the departure of the world’s largest shipping lines from the nation’s ports.
North American freight volumes advanced in March but at a slower pace than the previous month, while expenditures surged 33.2% year over year.
U.S. sales of Class 8 heavy-duty trucks were down 10.1% in March from a year ago, led by big declines at International (-29.1%), Peterbilt (-22.8%) and Volvo (-52.7%). Sales of medium-duty trucks were up 6.3%.
Amazon will add a 5% fuel and inflation fee starting April 28 for online merchants that use its shipping services, a first for the company.
Lockdowns in Shanghai could cost automakers about 20% in lost production, according to Chinese trade leaders.
Investors are starting to turn sour on the chip industry over fears of a glut in supplies, with the Philadelphia Stock Exchange’s Semiconductor Index down 23% so far in 2022. The news comes as Taiwan Semiconductor Manufacturing Company reported a 45.1% rise in first-quarter income to a new record, beating market expectations.
Taiwan Semiconductor Manufacturing Company, the world’s largest computer chip foundry, expects tight supplies to continue as manufacturers beef up inventories for protection against further supply chain disruption.
Two new subvariants of Omicron — BA.2.12 and BA.2.12.1 — appear to be spreading rapidly in New York, potentially explaining the state’s status as a viral hot spot for the past few weeks, officials said Wednesday.
The White House extended masking requirements on planes and transit for an additional 15 days to May 3, citing an uptick in COVID-19 cases.
A broad swath of indicators suggests Utah was the most resilient state during the pandemic, while New Jersey was the least.
Electric vehicle maker Lucid unveiled a new edition of its popular Air luxury sedan with a starting price tag of $179,000.
Global COVID-19 cases since the start of the pandemic surpassed 500 million, although the true count is likely much higher, according to the World Health Organization. Reported cases are down 24% week over week, the third straight week of declines.
Consumer prices rose by an annual 7% in Britain last month, new data shows, the sixth consecutive month that inflation outpaced market forecasts. Prices will likely rise faster this month when a substantial cap on utility fees is lifted.
Honda will invest $40 billion to introduce 30 electric models by 2030 with a targeted production volume of more than 2 million vehicles per year, the automaker announced.