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 fell 2.5% Wednesday, with Brent remaining at an unusual discount to WTI for the first time in two years.
In mid-morning trading today, WTI futures were down 1.0% at $108.50/bbl, Brent was down 0.3% at $108.80/bbl, and U.S. natural gas was down 0.8% at $8.30/MMBtu.
U.S. crude inventories fell a surprise 3.4 million barrels last week and are 14% below the five-year average for this time of year, according to the EIA.
Capacity use at both East Coast and Gulf Coast refineries hit 95% last week, suggesting refiners are racing to put more refined product on the market.
U.S. gasoline prices hit another record of $4.567 a gallon yesterday. Prices topped $6 a gallon in California, the highest in the nation.
Russian gas flows to Europe via Ukraine plummeted 50% last week after Ukraine halted the use of a central pipeline.
The EU unveiled a $317 billion plan aimed at ending dependence on Russian energy within five years. The plan would streamline and help fund renewable projects while booking more gas from the U.S., Middle East and Africa.
Power supplies in much of the U.S. and part of Canada will be stretched this summer amid heat, drought and supply-chain issues, according to the North American regulatory body that oversees grid stability.
April was the 11th straight month where yearly volume gains at East/Gulf Coast ports outperformed West Coast ports.
Roughly 14 ships are waiting to enter the East Coast’s busiest port of New York and New Jersey, the largest backlog of the pandemic, as container ships flood other ports to avoid congestion in Southern California.
European car sales fell 20% in April from a year ago, the 10th straight month of declines, due to high prices and supply shortages.
Global commercial vehicle production fell 13% during the logistics snarls of the first year of the pandemic, while chip shortages denied a full rebound in 2021:
The White House invoked the Defense Production Act to increase production of baby formula and allow commercial aircraft to pick up overseas formula that meets U.S. standards.
Indonesia, the world’s biggest shipper of edible oils, will lift its ban on palm oil exports on May 23, a potentially major source of relief to global food markets.
The U.S. reported 208,383 new COVID-19 infections and 943 virus fatalities Wednesday. The seven-day infection average hit 94,000, up fourfold from lows in late March, as the CDC predicts hospitalizations and fatalities to rise the next four weeks.
COVID-19 cases in the Americas surged 27.2% last week, driven mostly by the U.S.
Some Shanghai residents were permitted to shop for groceries after the city reported zero new infections outside quarantined areas for the fifth day. Authorities also allowed 864 financial institutions to resume work in “closed-loop” systems, meaning more professionals could be asked to sleep on makeshift beds in offices.
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