M. Holland is the headline sponsor for AMI’s Thermoplastic Concentrates in Orlando on Jan. 24-26. Stop by Booth #16 to speak with our experts and attend a talk on regulatory compliance changes by Christopher Thelen, M. Holland’s Senior Regulatory Specialist, on Jan. 24 at 4:20 pm.
M. Holland will be exhibiting at MD&M West in Anaheim on Feb. 7-9. Stop by Booth #4115 to meet our Healthcare team and discuss how M. Holland’s line of medical-grade resins can help you develop safe and effective medical products and packaging.
The U.S. Inflation Reduction Act (IRA) includes nearly $500 billion in new spending and tax breaks that will catalyze the clean energy transition, increase tax revenues and reduce healthcare costs. Dwight Morgan, Executive Vice President of Corporate Development at M. Holland, recently provided insight on what the IRA includes and key considerations for the plastics industry. Click here to read the full post.
Oil rose 1% Monday as China’s borders opening boosted the outlook for fuel demand.
In mid-morning trading today, WTI futures were down 0.2% at $74.47/bbl, Brent was down 0.3% at $49.41/bbl, and U.S. natural gas was down 8.0% at $3.60/MMBtu.
The average U.S. gasoline price hit $3.25 per gallon this week, the second weekly gain on impacts from refinery closures during Winter Storm Elliott.
Frontline terminated plans to combine with Euronav in a deal that would have created the world’s largest publicly-listed oil tanker owner and operator with a market capitalization of more than $6 billion and 146 vessels.
U.S. regulators are weighing a ban on natural gas stoves, which are used in about 40% of homes, following new research suggesting the appliances emit health-threatening air pollutants.
Europe’s recent ban on seaborne crude imports from Russia is believed to be behind a sharp drop in prices for Russia’s flagship oil, which now trades at around $37.70/bbl, well below the $60/bbl price cap imposed by G7 nations.
Significant air cargo disruption at Chicago O’Hare was temporarily averted after cargo service provider Alliance Ground International agreed to terms allowing unions. Swissport, another major cargo handler, has yet to comply with a city mandate requiring cargo contractors to allow organizing efforts to keep their operating licenses.
Container spot rates from Asia to the U.S. have tumbled over 80% since September peaks of around $20,000 per FEU, according to Freightos. Major retailers won’t see significant relief until the spring contract renegotiation season, however.
Investor morale in the euro zone picked up for a third straight month in January but remained in negative territory, signaling persistent concerns about the global economic situation, according to surveys.
Euro zone unemployment was unchanged at a record-low 6.5% in November, in line with expectations.
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