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 half a percent Thursday, extending weekly losses amid uncertainty that the eurozone will be able to effectively sanction Russian energy exports.
In mid-morning trading today, WTI futures were up 0.3% at $96.32/bbl, Brent was up marginally at $100.60/bbl, and U.S. natural gas was off 0.7% at $6.32/MMBtu.
Global oil supply disruption from Russia’s invasion could reach 5 million bpd, on top of the 2.2 million bpd of pandemic output curbs that OPEC+ has yet to return to the market.
Household electricity bills in the U.S. rose by $5 per month to average $122 in 2021:
Canada’s federal government approved this week a $12 billion Equinor-backed plan to build a floating offshore oil project in the Atlantic’s Flemish Pass near the coast of Newfoundland.
More oil news related to the war in Europe:
The EU agreed by a narrow margin last evening to ban Russian coal imports, a move projected to cost Russia $4.4 billion per year in lost revenue. The EU’s top diplomat said Thursday that discussions over an oil embargo will follow despite pushback from Germany, among other nations.
Russia said its oil production may decline up to 5% in April, the steepest drop since the beginning of the pandemic. Unable to sell their products and running out of storage space, some Russian refineries face imminent shutdowns.
Cargoes of Russian Sokol crude from the Far East have sold out for next month on high demand from buyers in Asia amidst steep price discounting.
With 85% of the state in drought, Texas is facing its driest conditions in more than a decade, threatening more wildfires and damage to livestock, crops and the state’s power grid. Water conservation efforts in California, meanwhile, have largely underwhelmed.
The volume of goods moving through the port of Shanghai has recently fallen by 40%, analysts say, as the city’s extended lockdowns continue to batter automakers, chip builders and other key industrial suppliers.
High numbers of COVID-19 fatalities caused the average U.S. life expectancy to fall for the second year in a row in 2021, down a half-year to 76.6, the lowest in a quarter-century.
The head of the St. Louis Federal Reserve signaled he was in favor of a 3.25% interest rate by the second half of this year.
Employers say they set aside an average 3.9% of total payroll for wage increases in 2022, the largest percentage since 2008.
New U.S. manufacturing jobs were minted at a rate of about 32,000 a month over the past year, the fastest pace in more than 25 years.
The U.S. economy suffered one of the sharpest employment declines of any previous recession in just two months in 2020:
Wall Street banks, once among the mWith the average U.S. mortgage rate hitting 4.72% this week, its highest in three years, home sellers are racing to list their properties before an expected cooling of the market. In a similar vein, companies will likely speed up refinancings to take advantage of the last remnants of low rates.
Unibail-Rodamco-Westfield, Europe’s largest mall operator, will shed most of its $13.2 billion of U.S. properties by the end of 2023 and likely incur steep losses as mall real estate continues to lose its appeal.
Used car prices have declined for two months now, with March seeing the biggest drop since the beginning of the pandemic.
EVgo, the U.S.’s largest rapid-charging network, will partner with Chase Bank to install charging stations at some 50 U.S. branches by next summer.
Deltacron, a hybrid of the Delta and Omicron COVID-19 variants first discovered in France in February, has been detected in Australia as health officials try to determine whether it might combine the virulence of Delta and the contagiousness of Omicron.
In a rare public admission about the impact of Western sanctions, Russia’s prime minister said the nation is in its worst shape in over 30 years. Russia missed dollar-bond payments due to foreign bondholders this week and has until early May to pay creditors before defaulting.