Oil prices could top $100 per barrel in the event of a significantly colder-than-usual winter, Bank of America analysts said in a note cited by Reuters. Global crude oil demand could surge by up to 2 million barrels per day (bpd) in the event of a major winter cold snap, which could send oil prices…
Bank of America Predicts Oil Could Hit $100 per Barrel in Case of Severe Winter Cold Snap
OPEC Sees Weaker Oil Demand in 4th Quarter But Surge to Above Pre-Pandemic Levels In 2022
The Organization of the Petroleum Exporting Countries (OPEC) on Monday raised its forecast for global oil demand in 2022 on the back of strong economic recovery prospects, while revising downward its demand expectations for the final quarter of this year due to pandemic-related factors. OPEC said in its monthly market report, released on Sept. 13,…
Taiwan Chipmaker TSMC Says Profit up 11.2 Percent as Demand Rises
TAIPEI, Taiwan—TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2 percent over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased. Sales in the three months ending June 30 rose 19.8 percent to $13.3 billion, said…
Home Depot Guarded on Future Demand After Bumper First-Quarter Sales
Home Depot on Tuesday cautioned it was difficult to predict how its business would be impacted by a potential change in shopping habits in the coming months as the reopening of the U.S. economy threatens to slow a pandemic-fueled sales boom. The lack of a solid forecast from the top U.S. home improvement retailer, which…
US Drop in Vaccine Demand Has Some Places Turning Down Doses
April 23, 2021
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JACKSON, Miss.—Louisiana has stopped asking the federal government for its full allotment of COVID-19 vaccine. About three-quarters of Kansas counties have turned down new shipments of the vaccine at least once over the past month. And in Mississippi, officials asked the federal government to ship vials in smaller packages so they don’t go to waste….
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