Markets & Industries
Demand for gasoline and coal rises in USA once again - 08/16/2021
The demand for gasoline and coal in the U.S. is increasing compared to last year amid the economic recovery from the COVID-19 pandemic, writes The Financial Times, referring to the report of the Energy Information Administration (EIA) of the Energy Department of the country. According to EIA, Americans used an average of 8.6 million barrels of gasoline per day (bpd) in the first half of the year....
IEA: Supply-demand balance on the oil market is falling apart - 08/13/2021
Oil demand growth in 2021 will not be as strong as previously expected, with an agreement by OPEC+ countries to increase supply leading to a significant increase in the market, the International Energy Agency (IEA) warned. Global oil demand in June compared to May increased by 3.8 million barrels per day (bpd), but in July the trend reversed - demand decreased by 120 thousand bpd, according to...
Fight for the environment raises prices around the world - 08/12/2021
Humanity's struggle for the environment and ecology will lead to an imminent rise in the prices of almost all goods around the world. Countries are forced to impose additional restrictions to stimulate production to the ecological transformation, which will require additional costs and lead to the so-called "green inflation". This is reported by Reuters, citing interviewed analysts. Despite...
Clothing manufacturers warn of billions in losses - 08/05/2021
Influential garment factory owners in Bangladesh have warned of disastrous consequences if orders for foreign brands are not fulfilled on time. Authorities will therefore allow export factories to resume operations despite record deaths from COVID-19. This was reported by The Guardian. Authorities have decided to close factories, offices, transport and shops from July 23 to August 5 and to impose...
Analysts: Global industries keep going despite COVID-19 - 08/05/2021
The value of the US Leading Business Activity Indicator (PMI) decreased from 60.6 to 59.5 points in July (a value above 50 points indicates growth). The adjustment was due to a slight decrease in the output subindex (58.4 points versus 60.8) and the new orders subindex (64.9 versus 66 points), but the employment subindex rose from 49.9 to 52.9 points. Time-of-delivery and price constraints are...
Oil price fall accelerates on fears over coronavirus - 08/03/2021
The fall in global oil prices accelerated on Monday evening to as much as 3%, with investors assessing the impact of the coronavirus on the global economy and oil demand, trading data showed. The price of October Brent crude futures was down 2.9% to $73.22 a barrel. September WTI futures were down 3.2% to $71.58 per barrel. Traders continue to assess the coronavirus situation. The growth of...
WGC: Central banks around the world are stocking up gold - 07/30/2021
Central banks from around the world have been actively byuing gold in the second quarter of 2021, adding to their foreign exchange reserves, according to a report by the World Gold Council (WGC) published on its website. The organization reports that the main buyers of gold in the April-June were central banks of developing countries, including Thailand (bought 90.2 tons), Hungary (62 tons),...
Arabica coffee rises to highest price in almost seven years - 07/28/2021
Exchange prices for Arabica coffee rose to the highest since 2014. Prices are rising amid abnormal frosts in Brazil, the world's biggest coffee supplier, which followed a severe drought. The extreme weather affected about 11% of crops in the country. The value of Arabica coffee futures in trading on the Intercontinental Exchange exceeded $2 per pound, rising to the highest since October 2014....
Analysts name the world's safest and most comfortable airlines - 07/28/2021
Analysts have ranked the world's best airlines for passenger safety and comfort. This year, an important criterion was the carriers' response to the global coronavirus pandemic. First place went to Qatar Airways, previously ranked only ninth. The first place in the ranking of the best airlines went to Qatar Airways, the Qatari carrier. The company managed to achieve the first position thanks to...
UN names causes of global food shortages - 07/27/2021
UN Secretary-General António Guterres has called climate change and political conflict both a consequence and a major cause of poverty, income inequality and high food prices around the world, the Associated Press quoted the Portuguese politician as saying. Guterres said three a healthy diet is currently unaffordable to one billion people. In July, the UN reported that 161 million more people...
