DistributionNOW announced that its board of directors has
to lead the company as full-time CEO, effective immediately. Cherechinsky, who has served as CFO of the company since 2018, will take over the CEO role from
, a current board director who stepped in as inte...
agreed to sell
its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. Under the terms of the agreement, INEOS will pay BP a deposit of $400 million and will pay a further $3.6 billion on completion. An additional $1 billion will be...
U.S. operable atmospheric crude oil distillation capacity increased 0.9% during 2019,
reaching a record
of 19.0 million barrels per calendar day (b/d), up 0.2 million b/d from the previous record of 18.8 million b/d the year before. According to the U.S. Energy Information Administration’s (EIA)...
The June PMI registered 52.6%,
from the May reading of 43.1%. This figure indicates expansion in the overall economy for the second straight month after April’s contraction, which ended a period of 131 consecutive months of growth.
“June signifies manufacturing entering an expected ...
Total nonfarm payroll employment rose by
4.8 million in June
, and the unemployment rate declined to 11.1%, the U.S. Department of Labor reported. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the COVID-...