M. Holland is excited to be the Headline Sponsor for the upcoming Injection Molding & Design Expo in Detroit! This two-day trade show will highlight the latest technologies, materials, equipment and opportunities in injection molding. The event is May 25-26 and admission is free. Click here to learn more.
Haleyanne Freedman, M. Holland’s 3D Printing Market Manager, will be discussing Open Platform Adoption in Additive Manufacturing. Don’t miss her presentation in the Designing the Future Theater on Wednesday, May 25 at 4:00 pm ET.
Josh Blackmore, M. Holland’s Global Healthcare Manager, is facilitating a training seminar on Understanding Material Selection for Medical Devices, from Qualification to Approval. Mark your schedules for this session in the Training and Development Theater on Thursday, May 26 at 9:15 am ET.
Oil prices were mixed Thursday, with Brent falling and WTI rising slightly.
In mid-morning trading today, WTI futures were up 3.3% at $109.60/bbl, Brent was up 3.4% at $110.70/bbl, and U.S. natural gas was off 1.7% at $7.61/MMBtu.
OPEC cut its forecast for growth in global oil demand this year for a second straight month, lowering it by 310,000 bpd. Demand is still expected to surpass 100 million bpd by the third quarter.
The IEA reversed its dire forecasts of a “global supply shock” from the loss of Russian oil, saying a smaller-than-expected 1 million bpd went offline in April. The agency would consider releasing more oil from strategic reserves.
A stoppage on the border between Russia and Ukraine’s Donbas region continues to interrupt gas supplies to Europe. Ukraine’s pipeline operator said it would not reopen the transit route until it regains full control over its systems from Russian occupation. European natural gas prices rose 18% Thursday on the news, while British prices spiked as much as 34%.