The International Energy Agency (IEA) has shaved its outlook for this year’s growth in oil demand from 1.3 million barrels a day to 1.2 million. Demand growth will slip to 1.1 million barrels daily next year, the agency said.
Tag: Economy
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AMERICA’S MESSY LAWS AROUND LITHIUM ARE HOBBLING DEVELOPMENT
As the U.S. seeks to curb its dependence on foreign suppliers of lithium, American developers are colliding with a jumble of laws and regulations that leave them unable to proceed with any confidence…
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SOARING CAR INSURANCE PREMIUMS ARE DRIVING INFLATION
The cost of car insurance rose 2.7 percent in March and has shot up 22.2 percent year on year, CNBC reported. Car insurance makes up 2.85 percent of the Consumer Price Index.
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PRODUCER PRICES RISE IN MARCH
The prices factories charge for their products rose 2.1 percent in March from a year earlier, the sharpest monthly increase since last April, The New York Times reported.
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RISING MORTGAGE RATES SPOOK HOME BUYERS
The average U.S. rate on a 30-year, fixed-rate mortgage rose last week to 6.88 percent from 6.82 percent the week before, the Federal Home Loan Mortgage Corp. (Freddie Mac) reported.
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HOME AFFORDABILITY FALLS TO LOWEST IN 40 YEARS
Buying and owning a home takes a bigger slice of a household’s income than it has at any time in the last 40 years, The Wall Street Journal reported.
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SPECIAL REPORT: THE NEW BULL MARKET IN COMMODITIES
Gold for June delivery reached $2,448.80 on 13 April before ending the day at $2,374.10, with central banks still on their gold-buying spree.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had forecast, the M&A activity which went down when interest rates went high would soon return.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In March, China’s factory activity grew for the first time in six months, the country’s National Bureau of Statistics (NBS) has estimated.
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TOP TREND 2024: EV GO FU: FORD DELAYS NEW EV MODEL UNTIL 2027
Citing a weak market for electric vehicles (EVs), Ford Motor Co. is delaying the debut of a three-row EV until 2027 and instead is focusing significantly on gas-electric hybrids.