Oil industry faces short-term hurricane impact
While it’s too early to know the full economic and human toll of Hurricane Harvey, we expect a relatively short-term impact on the U.S. energy industry.
Market Intelligence gives you a quick look at news and trends around the world that reflect four broad themes influencing today’s global marketplace. We call these themes The Infinite Loop.
Thirty-five countries, including the U.S., China and Russia, are collaborating on a project that could transform energy production, according to CNBC.
It’s turning out to be a great year for minor metals, reports Bloomberg.
GE has announced that it has entered into an agreement with the Powering Australian Renewables Fund (PARF) to supply and install 123 wind turbines for what is set to be Australia's largest wind farm, reports CNBC.
The Wall Street Journal reports that talks to remake the North American Free Trade Agreement (NAFTA) started with an early dispute – over how to settle disputes.
According to Bloomberg, First Quantum Minerals Ltd., a Vancouver-based company, recently announced its decision to suspend the Ravensthorpe nickel operation in Western Australia after the metal used in stainless steel production missed a rally by everything from aluminum to zinc.
After the recent populist upheavals, what can the upcoming German elections tell us about the next big shifts in geopolitics? Left versus right - or center versus extremes?
A new device known as tissue nanotransfection (TNT) has the potential to save the lives of car crash victims and deployed soldiers injured on site, reports USA Today.
The U.S. Department of Agriculture (USDA) announced four sugar program adjustments aimed at increasing the U.S. sugar supply by 414,000 short tons, raw value, to ensure an adequate supply of raw sugar in the U.S. for the remainder of the current marketing year that ends Sept. 30, reports Food Business News.
New sanctions could be on the way for Venezuela’s oil industry as the country’s controversial president, Nicolas Maduro, retaliated against opposition leaders after prevailing in a disputed July referendum, according to MarketWatch.
Bloomberg reports that customers willing to pay a premium for African brews, known for their floral, fruity flavors, are driving purchases of coffee from the continent where the drink is said to have originated.
The U.K. will follow in the footsteps of some European countries as it announced plans to ban the sale of gasoline- and diesel-powered cars by the year 2040, according to Green Car Reports.
The nation that gave the world bratwurst and hot dogs is cutting back on its favorite pork sausages and loading up plates with more veggie concoctions instead, according to Bloomberg.
A national craving for bacon is pushing U.S. pork-belly prices to record highs, reports the Wall Street Journal.
Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume, reports CNBC.
France and Germany unveiled plans in July to develop a European fighter jet, burying past rivalries as part of a raft of measures to tighten defense and security cooperation, reports Reuters.
Not long ago, coal provided 98% of the electricity for the pulp-and-paper mills and iron-ore producers around the western edge of Lake Superior, as well as the nearby city of Duluth, Minn. That was 2005. Today, coal use is plunging, and by 2025, it is expected to power just one-third of this region, reports the Wall Street Journal.
It sounds messy, but Baskin-Robbins says it can do it – deliver ice cream in the heat of summer to customers’ front doors. According to Bloomberg, more than 600 Baskin-Robbins U.S. stores are now delivering scoops of ice cream, milkshakes, sundaes and cakes through DoorDash Inc.
Japan and the European Union (EU) agreed to a free trade pact on July 6, 2017, to create the world's biggest open economic area and signal resistance to what they see as U.S. President Donald Trump's protectionist turn, reports Reuters.
Look at the instrument panel on a new car and one may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp. found: a mess.
On the Internet, nothing travels faster than a tip on how to score a bargain. And, according to Forbes, as online sales grow in India – and price-sensitive Indian consumers looking at ways to shave costs – Internet merchants are offering discounts to anyone willing to punch in a secret coupon code and sign up as a member on their sites.
Elon Musk said he is making progress on his ambitious tunneling plans for Los Angeles, according to Business Insider.
The Wall Street Journal reports that Foxconn Technology Group, which assembles Apple iPhones in China, is looking at seven states in the American heartland where it would invest $10 billion or more to manufacture flat-panel screens and related equipment.
Production of coal dropped by a record amount in 2016, reports Bloomberg. China, the world’s biggest energy consumer, burned the least coal in six years and use dropped in the U.S to a level last seen in the 1970s.
According to the Wall Street Journal, the top player in Africa’s fast-growing smartphone market isn’t Apple or Samsung. It’s Transsion, an obscure Chinese manufacturer that won customers by offering handsets with features targeted to local markets.
With the rise of green energy sources, the need for industrial-scale energy storage has become more vital. According the New York Times, technicians around the world have turned to a host of physical forces and states such as temperature, friction, gravity and inertia to keep energy locked up for later release.
The U.S. could use an existing technology to produce all the specialized “high-purity” aluminum it needs for defense applications, seemingly with the flip of a switch, according to Bloomberg.
A new particle accelerator unveiled at CERN, the European physics research center, is expected to spawn portable accelerators that could help doctors treat cancer patients and experts analyze artwork, according to Reuters.
Polls predict the Tories will likely increase their majority in the upcoming U.K. general election, but the Conservative Party isn't taking anything for granted. The fate of Brexit negotiations is at stake.
India, the world’s biggest sugar consumer, has no plans to allow extra imports of the sweetener as stocks held in mills will suffice, reports Reuters.
Amazon is preparing to bring its full retail offering to Australia, according to the Wall Street Journal, signaling a major competitive threat to the country’s retailers and an important new beachhead for its global distribution network.
Amid President Donald Trump’s tough-sounding talk about renegotiating the North American Free Trade Agreement (NAFTA), economists and other observers have debated how potential changes could impact the U.S. economy.
Additive manufacturing, more commonly known as 3-D printing, is the process by which heat and pressure fuse together thermoplastics or powdered materials to create a three-dimensional object, reports CNBC. Unlike traditional manufacturing processes, which remove material to reach a finished product, additive manufacturing builds an object layer by layer over time.
Shipt, a grocery delivery startup, is expanding its partnership with Costco and plans to double its overall market size this year, according to CNBC.
WeWork Cos., the startup that caters to entrepreneurs and small companies looking for communal office space and short-term commitments, is launching a new business that will put it into direct competition with the established giants in the commercial real-estate services industry, according to the Wall Street Journal.
Increase in theft of used vegetable oil has increased due to demand for biofuel production, the largest use for old grease.
The results of the French election, held May 7, may lead to major economic changes for France and the European Union. Our infographic illustrates the issues, the candidates and what's at stake.
Small transparent spheres filled with natural or flavored water could help provide a solution to London's plastic waste problem, reports Reuters.
Latin America’s most technologically advanced shipping terminal opened in April at Lázaro Cárdenas with a ceremony attended by heads of state and shipping industry royalty, according to the Wall Street Journal.
This month Amazon.com announced plans to plunk down a massive collection of data centers in Stockholm, according to the Wall Street Journal.
The first freight train to run from Britain to China departed this month, reports Reuters, carrying goods like vitamins, baby products and pharmaceuticals as Britain seeks to burnish its global trading credentials for when it leaves the European Union.
Hedge funds have been trying to teach computers to think like traders for years. Now, an artificial intelligence technology called “deep learning” that loosely mimics the neurons in human brains is showing promise, according to Bloomberg.
Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger last month by agreeing to sell substantial assets, including key research and development activities, reports Reuters.
Brazil’s investigation into tainted food has hit importers, shippers, food processors and customers around the world, reports Bloomberg.
According to The Australian newspaper, an ASX-listed Internet of Things firm backed by Lady Gaga has launched a new device for monitoring utility consumption: the Buddy Ohm.
Australia threatened to impose restrictions on natural-gas exports as it extracted a commitment from global energy companies to supply enough gas to meet growing local demand and prevent a domestic shortage, according to the Wall Street Journal.
According to Reuters, China will soon be dethroned by Japan as the top holder of U.S. government debt. Why? The Chinese central bank has been dipping into its foreign exchange reserves to support the yuan, while its Japanese counterpart has been content to allow the yen to weaken.
Movember is the month to let facial hair grow, but is the razor industry feeling the burn? Get the hairy stats with our infographic.
A blockchain platform developed by a group that includes more than 70 of the world's biggest financial institutions is making its code publicly available in what could become the industry standard for the nascent technology, according to Reuters.
Japan's small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, according to Reuters.
Indian Prime Minister Narendra Modi’s “Make in India” program, designed to bring more high-grade manufacturing to the subcontinent, is facing a labor shortage, according to the Wall Street Journal.
Indian Railways has slashed the cost of transporting iron ore exports for the first time since March of 2012, according to The Economic Times.
Sales of propane-powered vehicles are on the rise in the U.S., according to Bloomberg. The increase is especially noticeable among companies that operate fleet vehicles that would normally be powered by diesel.
Doctors and would-be parents receiving in vitro fertilization (IVF) will soon have access to a new app to monitor the growth of embryos in a lab, according the Wall Street Journal. Typically, once IVF begins, a five-day incubation process is required for fertilized eggs. The app – still nameless – would allow parents to monitor the progress of the zygote.