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Sen. Murkowski says Biden admin may be open to easing energy policies
... place two weeks after Russian President Vladimir Putin 's invasion of Ukraine. That moved much of the discussion away from moving to alternative energy to energy security, even if that means fossil fuels. I think the word transition is a long term, and IHS Markit vice chairman and CERAWeek host Daniel Yergin told FOX Business about the lesson from the conference. He said that this is a $90 trillion world economy that gets 80 % of its energy from hydrocarbons because of the fact that you can get everything ...
Updated: 03/13/2022
What the US$200 barrel oil look like
... an energy producing nation? Most agree that any gains Canada would make by selling its oil at a higher price would be cancelled out by a surge in inflation, a slower economy and declining oil demand. Kevin Birn, vice-president at energy consultancy IHS Markit , told the Calgary Herald spokesman Chris Varcoe that high oil prices aren't great for everyone. There is a lot of interest and excitement about prices when oil goes above $80 in energy-producing regions. The longer-term consequences are not good ...
Updated: 03/12/2022
Shoppers flood Costco, Sam’s Club gas stations with long wait times
... gallon was $4.331, the national average gas price for the U.S. was $4.331. As a warehouse club, Costco and Sam's Club typically charge more than 30 cents less for gasoline than a traditional gas station, Tom Kloza , global head of energy analysis at IHS Markit's Oil Price Information Service , told WLS-TV , an ABC affiliate in Chicago last year. Kloza said these companies are winners when gasoline prices go skyward.
Updated: 03/11/2022
What the oil market looks like
... producing nation? Most agree with the idea that any gains Canada would make by selling its oil at a higher price would be cancelled out by a surge in inflation, slower economy and declining oil demand. Kevin Birn, vice-president of energy consultancy IHS Markit, told the Calgary Herald spokesman Chris Varcoe that high oil prices aren't great for everyone. There is a lot of interest and excitement about prices when oil pushes above $80 in energy-producing regions. The longer-term consequences are not ...
Updated: 03/07/2022
India's services sector output rises in February
India's services sector output increased to 51.8 in February from 51.5 in January, pointing to a moderate expansion rate, according to a report by IHS Markit. India's services sector output increased to 51.8 in February from 51.5 in January, pointing to a moderate expansion rate, according to a report by IHS Markit . The composite PMI output rose to 53.5 in February from 53.0 in January, signalling ...
Updated: 03/04/2022
ICICI Securities sees fastest recovery in cyclical stocks
... of around 10,000. The latest data shows that the Goods and Services Tax revenue was 26 per cent higher than pre-pandemic levels, at Rs 1,33, 026 crore. India s manufacturing sector saw an increase in production and new orders in February, as per the IHS Markit Purchasing Managers Index PMI, which rose to 54.9 for the month, from 54 in January. A reading of 50 on the PMI indicates no change in activity levels. If the geopolitical crisis recedes from the extreme global brinkmanship seen recently and converts ...
Updated: 03/03/2022
India's manufacturing activity improves in February
... improvement from January's 54.0, signalling a stronger improvement of the sector. India's manufacturing PMI increased to 54.9 in February, a slight improvement from January's 54.0, signalling a stronger improvement of the sector. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers Index PMI was 54.9 in February, up from 54.0 in January, signalling a stronger improvement in the health of the sector. The headline figure is higher than the long-run average of 53.6, according to the ...
Updated: 03/02/2022
S.Korea factory activity grows at fastest pace in 8 months
... which rose to 53.8 in February from 52.8 in December. According to February data, the South Korean manufacturing sector remained robust despite the surge in COVID 19 cases related to the Omicron variant, according to Usamah Bhatti , an economist at IHS Markit . New export orders grew at their sharpest pace since April of last year, with strong demand from the country's major trading partners, the United States, Europe and China. Increased new orders, especially in the electronic and automotive sectors,...
Updated: 03/02/2022
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