Each year, M. Holland joins organizations around the globe to celebrate the profound achievements and ongoing efforts of women on International Women’s Day. To celebrate, a few Mployees shared their thoughts on this year’s theme of #EmbraceEquity. Click here to watch the video.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Oil climbed over 1% Friday on better-than-expected U.S. jobs data, although both benchmarks fell more than 3% on the week.
In mid-morning trading today, WTI futures were down 2.7% at $76.89/bbl, Brent was down 2.3% at $81.14/bbl, and U.S. natural gas was up 6.0% at $2.58/MMBtu.
Saudi Arabia’s national oil company reported record annual profit of $161 billion for 2022, the largest ever by an energy firm.
Strikes by workers at TotalEnergies’ French refineries and depots continued over the weekend as part of widespread labor unrest spurred by the French government’s pension reform plans.
The White House is close to approving the $8 billion Willow oil project in Alaska but also plans to expand a ban on offshore drilling in the state.
Production setbacks are slowing the rollout of Nissan’s much anticipated Ariya crossover electric-vehicle.
Silicon Valley Bank (SVB), the nation’s 16th largest, collapsed Friday under the weight of rising interest rates and withdraws from financially challenged tech customers, marking the second-largest bank failure in U.S history and the largest since 2008. The collapse was followed Sunday by the failure of Signature Bank in New York, the third largest bank failure on record.
The potential banking crisis makes it less likely the Federal Reserve will increase the size of its expected interest rate hike when it meets on March 22.
Saturday marked the third anniversary of widespread shutdowns triggered by the pandemic, the result of a virus that continues to kill about 2,000 people a week but ranks low among priorities for the American public.
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