M. Holland will be exhibiting at MD&M West in Anaheim, California, from April 12-14. 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!
In case you missed it, watch M. Holland’s Plastics Reflections webinar about the current and future state of the North American plastics industry. Click here to access the recording.
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 fell over 5% to a three-week low on Wednesday after the International Energy Agency said it would release an additional 60 million barrels of crude reserves in addition to the U.S.’s planned release of 180 million barrels. This marks the second IEA release this year and effectively boosts global supply by 2 million bpd for the next two months.
In mid-morning trading today, WTI futures were up 0.4% at $96.64/bbl, Brent was up 0.2% at $101.20/bbl, and U.S. natural gas was up 2.2% at $6.16/MMBtu.
U.S. crude stocks rose by 2.4 million barrels last week, according to the government, while analysts had expected a drawdown. Output also rose, hitting 11.8 million bpd, the most since late last year.
U.S. consumption of ethane, a key feedstock to produce ethylene, has increased in every year since 2010 and is now greater than that of either jet fuel or propane:
Greece opened a 204 MW solar park yesterday while its government pledged to speed up permits for renewable projects, part of a war-induced acceleration of efforts to wean itself off fossil fuels. At the same time, the nation will boost coal use for the next two years to avoid importing Russian gas.
Much of Puerto Rico’s 3.3 million population remains without power after a fire at the Costa Sur power plant shortly after 9 p.m. last night.
Twenty-five million people in Alabama, Tennessee, Georgia and Florida faced storms, floods and tornadoes yesterday as a string of extreme weather continued to batter the U.S. southeast.
Cargo operations at Shanghai’s Pudong International Airport, the nation’s busiest, have ground to a halt.
Contracted ocean-container shipping rates rose 96.7% on average in March from the same time last year, including a 7% gain from February to March, according to Xeneta.
Toyota lowered its projection for U.S. car sales this year from 16.5 million to 15.5 million due to parts shortages and supply chain constraints.
Autonomous trucking provider Aurora Innovation will expand routes and place new terminals in El Paso, Houston and Fort Worth, Texas, by next year.
Third-party food delivery apps like DoorDash are increasingly looking at grocery stores as their next frontier to maintain surging pandemic growth rates. The shift comes as grocery-centered deliverers, including Instacart, see growth slowing sharply, setting up a fierce competition for market share.
U.S. healthcare workers may face combat-like trauma from their experiences over the past two years, new research suggests.
The labor market tightened further last week, with first-time unemployment claims falling by 5,000 to 166,000, well below analyst estimates of 200,000.
Federal Reserve minutes released yesterday show the central bank was planning to raise rates by 50 basis points at its most recent meeting but opted for a smaller hike due to the war in Ukraine. Markets reacted poorly over expectations of more aggressive Fed tightening throughout the year: