Establishing corporate sustainability goals and using reporting platforms are quickly becoming an expectation from every stakeholder in the plastics industry. Click here to read how M. Holland is working with more and more customers every year to incorporate sustainable materials into plastic products and further environmentally friendly practices.
We’re proud to share that M. Holland was named a finalist for the Manufacturing Leadership Awards in the Transformational Business Cultures category. Thank you to the Manufacturing Leadership Council for this recognition, and congrats to all 2023 finalists! Click here to read more.
Oil prices rose 2% Wednesday to their highest in over a month on forecasts that cooling U.S. inflation will spur the Federal Reserve to end its rate-hike campaign.
In mid-morning trading today, WTI futures were down 0.5% at $82.85/bbl, Brent was down 0.6% at $86.81/bbl, and U.S. natural gas was down 3.4% at $2.02/MMBtu.
The global oil market could see tightness in the second half of 2023, the International Energy Agency warns.
China’s coal imports jumped to a three-year high in March as the nation prepares for a sharp economic recovery.
U.S. crude stocks rose by a modest 600,000 barrels last week, putting current inventories about 3% higher than the five-year seasonal average, according to the U.S. administration.
The U.S. administration could start refilling strategic crude reserves as soon as this year, officials indicated.
U.S. producer Diamondback Energy announced that it is looking to sell its non-core assets in the Permian Basin, the latest in shale-patch M&A activity following news of Exxon Mobil’s potential acquisition of Pioneer Natural Resources.
Mercedes-Benz saw global sales growth of 3% in the first quarter, including a big boost from electric models.
Shares of Harley-Davidson dropped as much as 6% in Wednesday trading after the motorcycle maker’s CFO announced plans to leave next month.
Initial jobless claims rose by 11,000 last week to 239,000, higher than expected, suggesting the labor market is slowing.
Producer prices fell by 0.5% in March compared with February, the biggest drop since early in the pandemic, and were up just 2.7% from March 2022.
A majority of traders are betting that the Federal Reserve will raise its borrowing rate once more in May to a range of 5% to 5.25%, even after the latest inflation data showed consumer price rises cooling in March.
The U.S. government ended its national emergency response to COVID-19 Monday but left in place the separate public health emergency until it expires on May 11, continuing to bar unvaccinated non-citizens from entering the country.
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