February Hiring Sets Up Stronger Spring Recovery
The U.S. economy is set up for a stronger recovery this spring after a February surge in hiring at restaurants and other hospitality businesses created the best monthly job growth Continue Reading
New Factory Could Reduce Green Hydrogen Costs By 20%
Danish catalyst manufacturer Haldor Topsoe plans to build a large-scale facility to manufacture electrolyzers that would be used for green hydrogen production and potentially reduce the cost of green hydrogen Continue Reading
EU turns to US in scramble for Oxford/AstraZeneca vaccine
The EU will urge the US to permit the export of millions of doses of AstraZeneca’s Covid-19 vaccine to Europe as Brussels scrambles to bridge supply shortfalls that have hobbled Continue Reading
Volkswagen previews “Project Trinity” EV; coming in 2026
Volkswagen gave a first design preview of Project Trinity. The electrically powered sedan is to be built in Wolfsburg from 2026 and is intended to set new standards in terms Continue Reading
Crude oil futures rise as OPEC+ rolls over production cuts, stronger US dollar slows rally
Crude oil futures rose during mid-morning trade in Asia March 5, even as a stronger US dollar slowed the rally triggered by the OPEC+ decision to keep production quotas largely Continue Reading
Oil Soars to $65 With Saudi Supply Gamble Buoying Market Bulls
Oil briefly moved above $65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the Continue Reading
Oil hits almost 14-month high after OPEC+ extends output cuts
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await Continue Reading
WTI Closes at Highest Level Since April 2019
Oil surged to the highest in nearly two years after the OPEC+ alliance surprised traders with its decision to keep output unchanged, signaling a tighter crude market in the months Continue Reading
OPEC+ Squeezes Oil Production Tight to Protect Price Recovery
Saudi Arabia and its OPEC+ allies shocked the oil market with a decision to keep supply in check, sending prices surging and adding inflationary pressure to the global economy as Continue Reading
OPEC, Russia send oil price up with deal to contain output
Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place Continue Reading