Inflation Rates on the Decline to begin Q2
Recent inflation reports released this month have brought positive news, with the CPI dropping from 6% to 5%. While inflation still remains higher than the targeted rate, rates coming down will hopefully keep consumer optimism high, and an uptick in demand from many markets as the year goes on. It is worth noting that although […]
PGP Values Drop, after Unexpected Uptick in Q1
After a steep, and somewhat surprising increase in PGP prices in the middle of Q1, Propylene prices have since dropped back to the low $.40/lb range in recent weeks. As also reviewed in our recent podcast episode with Kathy Hall (Episode 089 of The View from Jamestown, Podcast Edition), the spike in the middle of […]
Saudi Arabia’s Oil Production Cuts Will Affect Global Markets
Saudi Arabia has announced significant cuts in oil production starting in May, resulting in a reduction of more than one million barrels of oil per day. The sudden announcement was made without prior warning as this decision was not negotiated with OPEC+, but rather determined by Saudi Arabia and other producers, including the United Arab […]
Europe’s Reduced Reliance on Russian Energy Impacts Nord Stream 2 Plans
Sources have reported that Russia will be sealing the Nord pipelines, as there are no immediate plans to repair the pipes ruptured by unexplained detonations last fall, nor reactivate them. The pipelines will be mothballed, as to prevent corrosion from the Baltic Sea in case the streams will be reactivated in the future. Russia recently […]
Unprecedented Snowfall in California Affects Shipping of Commodities
Several logistic companies are warning suppliers and end-users to anticipate delays for any commodities that travel through the golden state to reach their destination. California is experiencing an unusually harsh winter – one normally expected in New England. The unprecedented amount of snowfall and stronger-than-average winds have caused significant damage to homes, businesses, and roads, […]
