Crude prices swooned on pandemic fears and reports of rising oil and gasoline stockpiles, with the Brent price falling below $40 early today.
In mid-day trading, the WTI crude price was down 5.7% at $37.30/bbl and Brent was down 5.0% at $39.19. Natural gas was slightly higher at $3.04/MMBtu.
Leisure driving, which accounts for 55% of car travel in the U.S. and increased from pandemic lows through September, was down 12% from pre-pandemic levels in October.
Conquering climate warming may require not just the end of rising carbon emissions, but a reduction in carbon in the atmosphere, according to a recent study, which projects that revenue from government sponsored carbon reversal programs could generate $1.4 trillion in revenue by 2050.
Zeta is expected to strike New Orleans as a Category 2 hurricane this evening.
Utility Southern California Edison said its equipment might have started the fires blazing south of Los Angeles that have forced the evacuation of more than 80,000 people.
UPS reported a nearly 16% rise in revenue in the third quarter on a spike in online parcel deliveries and a hike in international shipments.
Wearable technology, such as barcode scanners built into employee gloves and bands that fit into trucker driver headsets to manage fatigue, is changing transportation and logistics operations, allowing companies to achieve ever-faster delivery.
Toymakers Mattel and Hasbro have reported disappointing results despite a surge in product demand during the pandemic due to supply chain disruptions and lower than usual inventories at retail stores.
Automakers are shifting their attention from building hydrogen cars to building hydrogen freight trucks. Compared to battery-powered vehicles, the technology is more suited to long-distance traveling and quick refuels.
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.
Almost 100 federal air marshals have been infected with COVID-19. While exact numbers are uncertain, several of those infected likely contracted the virus in their time spent at airports and on planes.
A new study finds that the immune systems of some COVID-19 survivors are creating “autoantibodies” that turn on the body and attack healthy cells, causing debilitating symptoms similar to lupus and rheumatoid arthritis.
More Americans are getting flu shots than ever before, evidenced by record numbers of shots given out by pharmacies in CVS and Walgreens. Health officials welcome the trend, which could help avoid a “twindemic” of the flu and COVID-19 over the winter.
Six months into the pandemic, the unemployment rate for Hispanic female domestic workers remains four times that of pre-pandemic levels, indicating the continued financial struggle facing domestic workers.
Turkey’s recent interest rate hikes have failed to bolster its collapsing currency, forcing the government to raise its consumer inflation projections to 12.1% for the year, up 3 percentage points from earlier projections. The Turkish lira hit a record low against the U.S. dollar after the announcement.
India’s “Animal Spirits” economic indicators showed an improvement in business activity in September, but the nation’s central bank attributed the uptick to pent up demand, and GDP is expected to show a 10% contraction for the recent quarter.
Manufacturing output in Singapore soared almost 25% in September compared to a year earlier, thanks in part to increased pharmaceutical and electronics production. However, Singapore’s monetary authority warned that the nation’s economic downturn will be deeper and more prolonged than previous recessions.
Russia applied to the World Health Organization for approval of its COVID-19 vaccine, Sputnik V. The country approved the vaccine internally before large-scale clinical trials were completed.
London’s Heathrow Airport surrendered its status as Europe’s largest to France’s Charles de Gaulle Airport due in part to the U.K.’s strict quarantine requirements for arriving travelers.
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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