M. Holland is hosting a free 3D Printing Technology Forum in Chicago on Nov. 16! Attendees will learn how additive manufacturing technologies can support the development of applications — especially injection molding. Click here to RSVP, or contact 3dinfo@mholland.com for more information.
Supply
Brent fell 2.6% and WTI fell 4% last week as rising U.S. crude stocks pointed to greater supply.
In mid-morning trading today, WTI futures were down 2.6% at $86.68/bbl, Brent was down 2.0% at $94.09/bbl, and U.S. natural gas was up 6.9% at $6.82/MMBtu.
Active U.S. drilling rigs rose for a second week to their highest level since March 2020.
A fake social media post about Freeport LNG sent U.S. natural gas futures into a brief tailspin Friday.
Europe will need up to $462 billion in investment to keep its current level of nuclear generation capacity, research suggests.
A new study suggests that the U.S. will need to increase its electricity generation capacity by as much as 480% to meet its 2050 decarbonization goals outlined in the Paris Climate Agreement.
The U.S. EPA will soon require oil and gas companies to monitor and repair methane leaks, part of a spate of new rules meant to reduce methane emissions by 87% in 2030. Canada and Nigeria announced similar measures.
A U.S.-led initiative to help the global farming industry cut emissions has doubled investment commitments to $8 billion.
Germany announced it will pull out of the 1994 Energy Charter Treaty, which allows utility firms to sue governments if they make changes to energy policies, the sixth major government to exit the agreement behind France, Spain, the Netherlands, Slovenia and Poland.
Executives say the delivery of more than 400 new ships in the next two years will drive down freight rates, which have already fallen 90% from pandemic highs in the last year.
Swedish electric vehicle-maker Polestar saw its operating losses narrow in the third quarter to $196.4 million, down from $292.2 million last year, while its revenue jumped to $435.4 million.
.The U.S. averaged 41,284 daily new COVID-19 infections last week, up from 39,016 the prior week. The seven-day average for virus deaths declined to 335 from 358 a week ago. Infections are up about 10% the past two weeks on the spread of a pair of new Omicron subvariants, BQ.1.1 and BQ.1.
More than 5.6 million COVID-19 vaccine and booster shots were given out last week, the most since January.
Doctors in the U.S. say that the chance of experiencing a rebound COVID-19 infection after taking Pfizer’s Paxlovid treatment is significantly greater than initially thought, now thought to be as much as 30%, up from the original assumption of less than 2%.
The S&P 500 and Nasdaq saw their biggest daily gains in 2.5 years last week, as annual U.S. inflation slipped below 8% for the first time in eight months.
American households are holding a combined $4.7 trillion in cash, aided by help from the federal stimulus, as consumer spending remained strong in September.
The University of Michigan’s consumer sentiment index slumped from 59.9 to 54.7 in November:
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