M. Holland is excited to be the Headline Sponsor for the 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.
Nick Chodorow has joined M. Holland as Chief Innovation Officer! In this role, Nick will lead efforts to enhance the company’s technology platforms and accelerate its digital journey.
M. Holland will be closed Monday, May 30 for the Memorial Day holiday.
In mid-morning trading today, WTI futures were up 3.1% at $113.80/bbl, Brent was up 2.3% at $116.70/bbl, and U.S. natural gas was up 2.0% at $9.15/MMBtu.
U.S. natural gas briefly surpassed $9/MMBtu for the first time since 2008 yesterday as exports continue to boom alongside muted production increases. Prices are 20% higher the past month and have tripled from a year ago.
U.S. crude stockpiles fell by 1 million barrels last week, the government said, with gasoline inventories also sliding modestly. Refiners boosted capacity use to 93.2%, the highest level since December 2019.
JPMorgan Chase predicts the average U.S. gasoline price could hit $6.20 a gallon by August.
At $6.09 a gallon, the price of gasoline in Los Angeles is the highest in the nation and tops the national average by $1.50.
Shareholders of Exxon Mobil rejected proposals to quicken the firm’s emissions reduction plans. Chevron shareholders recently passed a pro-recycling resolution as major companies face growing sustainability scrutiny from shareholders.