Oil Demand May Peak in the Near Future

Demand for oil in developed countries will revert to structural decline by 2020, wiping out about four million barrels per day by 2035. In contrast, developing economies will increase their demand for oil by nearly 16 million barrels per day by 2035.

While transport demand will flat-line around 2030,...

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Atlantic Coast, Mountain Valley Pipelines Receive Approval

The Federal Energy Regulatory Commission (FERC) has greenlit both the Atlantic Coast and Mountain Valley natural-gas pipelines, which would both start in West Virginia, “carrying gas from the Appalachian basin to U.S. markets,” the Associated Press reports .

“The $3.5 billion, 303-mile...

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Empire State Index at Highest Level Since 2014

Business activity grew at a robust pace in New York State, according to firms responding to the October 2017 Empire State Manufacturing Survey. The headline general business conditions index climbed six points to 30.2, its highest level in three years. The new orders index came in at 18.0 and the ship...

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Consumer Confidence Rises in October

The University of Michigan Index of Consumer Sentiment surged in early October, reaching its highest level since the start of 2004. The data indicate a robust outlook for consumer spending that extends the current expansion to at least mid-2018, which would mark the second longest expansion since the ...

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