Energy prices were higher in mid-day trading today, the WTI at $39.51/bbl, Brent at $41.22/bbl and natural gas at $3.02/MMBtu.
A new report from the U.S. Department of Energy says oil and gas will likely continue to account for the majority of U.S. energy consumption in the next two decades, with natural gas helping pave the way toward a greater share for renewables.
India’s oil and natural gas sector is likely to see investment upward of $206 billion over the next decade, the country’s prime minister said. A large share of the investment will go toward gas infrastructure such as liquid-natural-gas (LNG) capacity increases, pipelines and compressed-natural-gas (CNG) networks.
Warehousing and storage jobs have recovered past pre-pandemic levels, one of the few sectors experiencing job growth during the pandemic.
Shipping company DHL Express hired thousands of new employees in preparation of a 50% increase in peak season volume compared to last year, citing higher levels of e-commerce shopping.
Saab has resorted to insourcing some of the work performed by suppliers for the company’s aviation unit. Company leadership cited disrupted and unreliable supply chains that put profitability in doubt.
Drone startups that assist in counting and managing warehouse inventory are attracting investment. The drones can fly through a warehouse collecting images of pallet locations, data from barcodes and inventory information.
Hong Kong-based container line OOCL rebounded from a 4.6% decline in Q2 volume, posting an increase of 9.5% in Q3 along with a 16.3% bump in revenue. Most of the jump was due to higher volumes on trans-Atlantic routes.
Country delegates of the International Maritime Organization have agreed on draft measures to reduce carbon production in both ship infrastructure and ship operation; however, some industry experts say the measures are not stringent enough in addressing environmental concerns in the shipping industry.
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.
The U.S. experienced 66,784 new COVID-19 infections yesterday, the highest infection rate for a Monday, when the count is suppressed following the weekend.
The U.S. COVID-19 case count was up 24% last week and deaths were up 15%. Thirty-six states experienced rising infection rates for two consecutive weeks.
Hospitalizations are up in 41 states this month with 22 states experiencing 50+% increases since the end of September.
Fourteen states set new records for COVID-19 hospitalizations in the past week: Alaska, Arkansas, Iowa, Kansas, Kentucky, Montana, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, Utah, West Virginia and Wisconsin.
Texas surpassed California as the state with the most COVID-19 cases — more than 910,000.
Los Angeles County hit a total of 300,000 COVID-19 infections yesterday, 100,000 more than Florida’s Miami-Dade County, which has the second highest case count. Los Angeles County accounts for 3.4% of all U.S. infections.
North Dakota remains first in the country for most COVID-19 infections per capita. A top U.S. health official traveling to the state’s capital city said virus protocols there were the worst nationwide.
Missouri, Kentucky, Utah and South Dakota are the next four states to get “surge” testing sites from the federal government, which help track asymptomatic infections that can wreak havoc in communities.
Non-essential businesses in Newark, New Jersey’s largest city, are subject to limited hours of operation after an uptick in COVID-19 infections.
AstraZeneca’s COVID-19 vaccine has shown promising results in immune responses of older adults and the elderly. Trials conducted in Britain could produce results by year’s end.
Trials of an Eli Lilly antibody drug used to treat COVID-19 were stopped after researchers determined it was not helping patients.
Harley-Davidson reported a 10% drop in motorcycle sales in the latest quarter, citing the pandemic for the decrease. In a 180-degree strategy shift, the company’s new chief executive is scaling back international sales efforts, shrinking domestic supply, and delaying or halting new models intended to appeal to young riders.
Public debt in the U.K has soared this year as the government battles the pandemic and economic uncertainty surrounding Brexit:
Marriages and births have plummeted in Japan during the pandemic, exacerbating a demographic crisis in the world’s most aged nation.
China’s economy is expected to grow 2.1% this year, the lowest rate in 44 years, with an 8.4% rebound next year, according to a Reuters poll.
China is $50 billion short on its commitment to buy $140 billion in specific U.S. agricultural, energy and manufactured goods, according to the terms of a trade deal between the two countries negotiated in January.
South Korea emerged from recession in the quarter ending September 30, expanding by 1.9% from the second quarter on a surge in exports.
Reminder: Daylight saving time takes effect this Sunday, November 1, at 2:00 a.m.
Global Healthcare Manager Josh Blackmore will be a featured speaker on Thursday, October 29 at 10:00 a.m. ET during the Plastics in Healthcare Virtual Edition, sponsored by Plastics News. The title of his talk: Applying the Lessons from the First Wave of COVID-19 to Successfully Navigate the Second.
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