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From MarketWatch.com. Oil futures settled lower on Friday, pressured by signs of faltering gasoline demand in the middle of summer driving season,...
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By Mark Trevelyan. LONDON (Reuters) –Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and...
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FROM MARKETWATCH: Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt...
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LONDON, July 18 (Reuters) – Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according...
The numbers: Industrial production rose 0.4% in September, the Federal Reserve reported Tuesday. The gain was above economists’ expectations of a 0.1% gain, according to a survey by The Wall Street Journal. Output in August was revised to a slight decline of 0.1% from the initial estimate of a 0.2% fall.
Capacity utilization rose to 80.3% in September from 80.1% in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities. Economists had forecast an 80% rate.
Key details: Manufacturing output rose 0.6% in September after a 0.4% gain in the prior month.
The index for mining, which includes oil and gas drilling, rose 0.6% after being flat in August.
Motor vehicles and parts output rose 1% after a 1.5% decline in the prior month. Excluding autos, total industrial output increased 0.3%.
Utilities output fell 0.3% in September after a sharp 3.3% drop in the prior month.
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By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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