Articles Tagged with ''economy''

The 1975 Nixon embargo against U.S. global oil exports has been totally lifted as part of a 2015 year-end bipartisan U.S. budget agreement.

With negative oil demand/supply inversionhaving reached a low point as 2015 ended, there are increasing signs that the red-hot shale expansion is in a state of re-evaluation.

This expanding glut has encompassed fossil fuels (coal, oil and natural gas), plus copper, lumber, iron ore, rare metals and even most agricultural products.

One of the more bizarre aspects of the UnitedStates administration’s energy policy has been the hesitation in removing the 1974 U.S. oil embargo.

The company’s revenues for the third quarter of 2015 were $753 million, an increase of less than 1% from the second quarter of 2015. 

The decline was driven by reduced activity across all sectors but particularly upstream. 

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 4.3% in September 2015.

AD reported sales for all members across all seven divisions and three countries grew by 3% in 2015 Q3 year-to-date to $25.4 billion.

While the administration has blocked the Keystone XL oil pipeline and retained the 1974 U.S. crude oil export embargo, reliable sources have revealed alternatives to keep major refining capacity operating at full strength.

Ferguson grows revenue by 12%; third consecutive record year for year-end results.