In this week's energy industry analysis, we take a look at the recently passed infrastructure bill's implications for the sector, proposals for carbon capture and storage projects in Canada, and the recent rise in oil prices. Infrastructure implications The infrastructure bill passed by the House on ... READ MORE >
Industrials
Carbon pricing—in the spotlight at COP26—could mean big shifts for global trade
Conversations last week at the United Nations Climate Change Conference, known as COP26, made clear that increases in carbon prices and in the adoption of carbon pricing programs are critical to reduce carbon emissions to keep the global temperature increase under 2 degrees Celsius. Though long touted ... READ MORE >
Manufacturing in Canada at seven-month high
Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. The IHS Markit Canada Manufacturing Purchasing Managers' Index rose to 57.7 on the month, up from 57.0 in September, marking ... READ MORE >
Chart of the day: U.S. manufacturing remained strong in October
The U.S. manufacturing sector continued to expand in October as growth remained positive despite supply chain constraints. The Purchasing Managers' Index inched down to 60.8 from 61.1 in September, but still posted the 17th straight month of expansion since April 2020, according to a report from ... READ MORE >
RSM US Manufacturing Outlook Index: Expansion hits headwinds
The recovery of the manufacturing sector in the United States remained intact in October, with expectations for the expansion to continue over the next six months. Surveys of manufacturing activity conducted by regional Federal Reserve banks reported increases in new orders despite backlogs, longer ... READ MORE >
This week in energy: COP26, Permian production, Canada Cabinet shuffle
In this week’s energy industry analysis, we take a look at priorities for the upcoming United Nations climate change conference, the recent production surge in the Permian Basin, and new Cabinet appointments in Canada. 1. U.N. climate change conference Next week, the United Kingdom will host ... READ MORE >
The LIBOR transition could affect manufacturing companies
Much has been written about what the elimination of the London Interbank Operating Rate (LIBOR)—the global interest rate benchmark—will mean for the financial sector and the resulting need to reset interest rates on trillions of dollars of financial products. The transition away from LIBOR will also ... READ MORE >
Chart of the day: Signs of strength in durable goods orders
Durable goods orders fell by 0.4% in September after a strong gain of 1.3% in August, driven by transportation orders—vehicles and nondefense aircrafts—which declined by 2.3% on the month, according to Commerce Department data released Wednesday. But even with this decline in transportation orders, ... READ MORE >
The Permian Basin leads U.S. shale production recovery
Until recently, U.S. shale producers across the board have exercised production restraint due to market uncertainty and pressure from investors to practice capital discipline, but now a production surge in the prolific Permian Basin is leading recovery in the country’s shale patch. As the energy crunch ... READ MORE >
Chart of the day: U.S. industrial production fell as Ida’s impact lingered
The impact of Hurricane Ida continued to be a drag on industrial production in September, accounting for a significant drop not only in mining but also in manufacturing output. Overall industrial production fell by 1.3% in September compared to August, with 0.6 percentage points of the drop resulting ... READ MORE >