After breakneck growth in the U.S. shale industry in recent years, OPEC countries are once again taking the lead in the global oil market, with shale industry leaders expecting flat production through 2021 and limited growth until 2022 or 2023.
U.K.-based energy supplier Centrica, the owner of British Gas, is in talks to sell its liquefied natural gas business amid market volatility that could require Centrica to pay a buyer to take the business off its hands.
Goldman Sachs projects that global spending on renewable power production will exceed spending on oil and gas drilling for the first time next year, with a growing list of “clean supermajors” emerging.
Solar-farm development is expecting to increase rapidly in Texas, where wind power already makes the state the leading renewable energy producer in the U.S.
With the official hurricane season ending today, 2020 will surpass 2005 as the busiest season on record with 30 named storms forming in the Atlantic basin since June 1.
A newly digitized supply chain management system has helped GE Appliances deal with a surge in demand in home appliances during the lockdown, employing real-time data and artificial intelligence to anticipate disruptions and help allocate scarce supplies.
Canada will follow the lead of New York City in capping delivery fees that third-party deliverers such as Uber and DoorDash may charge.
With tight freight capacity nationwide and supply constraints with many plastic resins, clients are advised to provide expanded lead times on orders to help ensure delivery dates.
There were 155,596 new COVID-19 cases and 1,189 fatalities in the U.S. yesterday, the 27th consecutive day of more than 100,000 new infections as health officials fear travelers returning from the holidays will unleash “a natural disaster” impacting all 50 states at once.
Looking at factors such as a lack of testing options, asymptomatic cases and poor tallies, the CDC estimates that roughly 16% of Americans had COVID-19 by the end of September, far higher than the official number of reported cases.
National COVID-19 hospitalizations nearly doubled in November, with rural hospitals facing particularly difficult circumstances due to the lack of resources and inability to send patients to larger hospitals, which are also full.
Dental problems, including the loss of teeth, are plaguing some COVID-19 survivors suffering prolonged symptoms.
Normally the busiest shopping day of the year, Black Friday saw a 52% reduction in retail store visits as consumers stayed home and shopped online, evidenced by a 22% increase in online orders from the same time last year.
An estimated 50 million Americans made a holiday journey between November 25-29, despite official warnings not to travel. The number is down 10% from records set last year, but still was the busiest travel period of 2020.
U.S. companies and the federal government issued $9.7 trillion in debt so far this year to blunt the economic impact of the pandemic. Global debt rose by $15 trillion in the first nine months to $272 trillion, or 365% of global GDP.
U.S. unemployment claims rose to 778,000 for the week of Thanksgiving, the first time since July that new claims rose for two consecutive weeks.
A “K-shaped” recovery is emerging in the U.S., with wealthy Americans benefiting from rising asset values while the pandemic threatens to erase decades of gains against poverty, as unemployment benefits for millions expire next month.
GM backed away from its agreement to take an interest in Nikola after the electric vehicle startup scuttled plans for one of its marquee projects, the Badger, an electric/hydrogen powered pickup truck.
Polaris is aligning with Zero Motorcycles to accelerate development of electric off-road vehicles, with plans to introduce electric versions of its vehicles and snowmobiles by 2023.
Manufacturers are introducing new face mask designs for general use to fill the effectiveness gap between cloth masks and medical grade N-95 masks.
Market research giant S&P Global is in talks to acquire rival IHS Markit in a deal worth $39 billion as soaring demand for data drives consolidation in the market information industry.
Phone calls are seeing a renaissance as the preferred method of work communication, which many professionals see as a happy medium between taxing video calls and unnuanced text communication.
The NFL shut all training facilities Monday and Tuesday of this week after a rash of COVID-19 infections across the league played havoc with the Thanksgiving weekend schedule.
Mexico and Germany became the 11th and 12th countries, respectively, to top the 1 million threshold for COVID-19 infections.
COVID-19 deaths in Europe topped 400,000 over the weekend, making it the second worst-hit region for fatalities after Latin America and the Caribbean.
COVID-19 infections in Italy are on a downward trend, with 6,000 fewer cases reported Sunday than the day before.
Global trade flows in the third quarter were 12.5% higher than in the second quarter and only 2% lower than levels at the end of 2019. The rebound has been led by increasing exports from China.
Led by an increase in industrial output, Mexico’s economy followed its record second-quarter contraction with a 12.1% jump in GDP in the third quarter.
India’s third-quarter GDP contracted 7.5% compared to the year-ago period, a blow to one of the world’s fastest growing economies before the pandemic.
To encourage plastics recycling, China is imposing new regulations to force retailers, e-commerce businesses and delivery firms to report their use of single-use plastics and to have formal recycling plans.
Our latest Founders Series video is a tribute to Joan Holland, co-founder and matriarch of M. Holland, who recently passed away.
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