US economy slowed with consumer loan term tightened
The Federal Reserve’s Senior Loan Officer Opinion Survey (SLOOS) shows that US banks have tightened credit standards and lowered loan demand in the second quarter, confirming the central bank’s interest-rate hike campaign is slowing the economy as expected. The most cited reasons for tightening lending standards were a less favorable economic outlook, collateral values deterioration,…
Oil is hiking surpass its record
Oil is experiencing its highest monthly rise in nearly a year due to tightening market signals and record high demand. West Texas Intermediate maintained above $80 a barrel, with the US crude benchmark gaining 14% this month. Goldman Sachs analysts reaffirmed a December Brent price of $86, stating that the market no longer fears growth.…
Germany plans to invest €270 billion in transport infrastructure on 2030
Ludwigshafen’s BASF factory relies on the river, with BASF having a six-week early-warning system. Thyssenkrupp AG needs 60,000 tons of raw materials per day at its Duisburg complex near the Rhine-Ruhr confluence. Water levels trigger a corporation task force, and companies must invest to protect operations. Supply hording and logistics redundancy are the major tactics.…
The vital shipping route on Europe’s “Rhine River” are reaching the lowest since 1990
The Rhine River, a vital shipping waterway for Europe, is facing challenges due to climate change. Companies along the main trade route are scrambling to adapt to the climate issue, as water levels often drop to prevent shipping from late summer to fall. Companies are shifting logistics to trains and trucks, with manufacturers stockpiling commodities,…
Oil is starting to hike for higher prices
Oil stockpiles are falling in some locations due to OPEC leader Saudi Arabia’s production cuts, supporting prices that are forecast to rise. JP Morgan analysts predict that oil inventories now determine oil prices more than the U.S. dollar. The International Energy Agency (IEA) and OPEC estimate oil demand to outstrip supply this year, resulting in…
A brighter future of the largest US dam removal
The California-Oregon border’s largest dam removal project, the Klamath River, is set to finish next year. Over the next decade, workers will plant and monitor nearly 17 billion seeds to return the river and surrounding terrain to its pre-dam state. The project is part of a national movement to restore habitat for fish and other…
China’s worst annual growth in decades
Chinese manufacturing activity declined in July due to falling export orders, putting pressure on the ruling Communist Party to reverse an economic slowdown. The purchasing managers’ index rose to 49.3, but remained below the 50-point level, indicating activity contraction. Policymakers are encouraging entrepreneurs to boost the economy, but have not announced large-scale stimulus or tax…
Supply tightness on oil , price is going to hike
Crude has experienced its longest weekly gain streak in over a year due to tightening global oil supplies and Fed tightening predictions. West Texas Intermediate reached $80 a barrel, marking a rebound from last year’s losses. Saudi Arabia and Russia are limiting shipments, and Standard Chartered and UBS expect global balances to tighten in the…