M. Holland’s partnership with Lavergne, a global manufacturer of customized compounded engineered resins, was recently shared in Plastics Today. To learn more about this agreement to distribute post-consumer recycled (PCR) resins for customers in North America, click here.
Crude rose half-a-percent Tuesday, extending gains from the previous session on further hopes that U.S. financial-sector turmoil is being contained.
In mid-morning trading today, WTI futures were up 0.6% at $73.60/bbl, Brent was up 0.2% at $78.81/bbl, and U.S. natural gas was down 0.6% at $2.02/MMBtu.
The EU may allow individual member countries to effectively block importing natural gas from Russia without imposing broader sanctions, underscoring the bloc’s determination to limit its dependence on Russian energy.
BP and Abu Dhabi’s state oil giant offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, a move to expand in the gas-rich offshore basin straddling Egypt, Israel, Cyprus and Lebanon.
Major Japanese construction equipment manufacturers with facilities in China are turning that country into an export hub for their products amid a slowdown in Chinese infrastructure investment and domestic demand.
South Africa’s government demanded that its state-owned rail and port operator mend plaguing operations issues to end a national logistics crisis, which has stranded stockpiles of commodities and forced shippers to redirect traffic to ports outside the country.
Maersk’s port operating arm APM Terminals is partnering with the Vietnamese Hateco group to expand capacity at Vietnam’s northern Haiphong City port.
The Conference Board’s widely tracked index of U.S. consumer confidence rose unexpectedly to 104.2 in March, up from 103.4 in February.
The U.S. trade deficit in goods widened by 0.6% in February to $91.6 billion, mostly on a decline in exports, according to the Commerce Department.
More than 1,000 artificial intelligence experts signed an open letter calling for a pause in AI development until rules and protocols can be established to mitigate potential harmful effects on society.
U.S. single-family home prices fell 0.2% in January compared with the prior month and rose a modest 3.8% year-over-year, according to the widely tracked Case-Shiller index, potentially pulling more buyers back into the housing market.
Americans expect home prices to rise just 2.6% over the next year, sharply lower than the 7% expectation measured a year ago.
Defaults and vacancies are rising at high-end office buildings across the U.S., a result of dual pressures from remote work and rising interest rates.
Shares of ride-hailing company Lyft fell Tuesday after its incoming CEO said the firm was not for sale, contrary to market expectations.
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