U.S. airlines remain in ‘dire straits,’ needs new government assistance: industry group

2/2 © Reuters. FILE PHOTO: Plane approaching Leeds Bradford airport passes in front of the sun during the second test cricket match between England and New Zealand in Leeds 2/2 By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) – The head of a group representing major U.S. passenger airlines and a senior union official will […]

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Lack of overhauls at U.S. refiners could stall industry recovery

© Reuters. FILE PHOTO: Flags wave in front of the Phillips 66 refinery near Lake Charles, Louisiana By Laura Sanicola and Erwin Seba NEW YORK/HOUSTON (Reuters) – U.S. oil refiners are predicting a strong recovery in fuel demand in the second half of this year as vaccination rates increase and workers are expected to resume […]

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Chinese made wood moldings, millwork harm U.S. industry: U.S. ITC

WASHINGTON (Reuters) – The U.S. International Trade Commission on Friday said it had determined that wood moldings and other millwork from China harm the U.S. wood product industry. The U.S. Department of Commerce has been investigating anti-dumping and countervailing duty issues over the wood products. Disclaimer: Fusion Media would like to remind you that the […]

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Bank lending to plastics industry faces scrutiny as pollution concerns mount

© Reuters. By Matthew Green LONDON (Reuters) – Banks have provided $ 1.7 trillion of finance to 40 companies in the plastics supply chain without imposing any requirements to tackle plastic pollution pouring into the world’s rivers and oceans, according to a report published on Thursday. With European and U.S. banks increasingly spurning the most […]

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UK manufacturing industry slashes its growth outlook nearly in half on Brexit ‘Knockout blow’

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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U.S. fuel industry frazzled as Trump EPA misses 2021 biofuel volumes deadline

© Reuters. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington By Stephanie Kelly NEW YORK (Reuters) – The U.S. Environmental Protection Agency was set to miss a deadline on Monday to announce how much renewable fuel the nation’s refiners must blend into their fuel […]

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Libya’s NOC says oil production to rise as it seeks to revive oil industry

2/2 © Reuters. A general view of the El Sharara oilfield, Libya 2/2 By Ahmad Ghaddar LONDON (Reuters) – Libya’s National Oil Company said it expected oil production to rise to 260,000 barrels per day (bpd) next week, as the OPEC member looks to revive its oil industry, crippled by a blockade since January. Oil […]

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Russian lawmakers back tax hike for mining, oil industry at first reading

MOSCOW (Reuters) – Russian lawmakers on Tuesday supported a plan by the finance ministry to increase taxes for some mining companies and the oil industry, as Moscow seeks to plug the holes in its budget left by lower oil prices and the COVID-19 pandemic. Russia announced the plan, which is expected to bring in 340 […]

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Hurricane Laura races toward heart of U.S. oil refining industry

2/2 © Reuters. Tropical Storm Laura in Cuba 2/2 By Erwin Seba HOUSTON (Reuters) – Laura intensified into a strong Category 4 hurricane on Wednesday as it raced over evacuated oil production platforms in the U.S. Gulf of Mexico and took aim at the energy industry’s refining hub along the Texas/Louisiana coast. The storm gathered […]

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From carats to peanuts: how a pandemic upended the global diamond industry

5/5 © Reuters. An employee micro sets diamonds in earrings at a jewellery manufacturing factory in Mumbai 2/5 By Helen Reid, Tanisha Heiberg and Rajendra Jadhav JOHANNESBURG/MUMBAI – As the coronavirus pandemic upended the global diamond industry, shuttering mines from Lesotho to Canada and disrupting supply chains, Rajen Patel swapped diamond polishing for peanut farming. […]

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