Globally, oil demand is expected to increase in the medium term, with the International Energy Agency (IEA) forecasting growth of 1.7 million barrels per day (or mb/d) in 2022 and another 2.1 mb/d in 2023, despite high oil prices and concerns about the health of the global economy.
Teekay Corporation expects the level of new tanker orders to remain low in the near term due to high prices for new vessels, a lack of shipyard space through the end of 2025 due to record levels of orders for containerships and LNG carriers, and continued uncertainty about
Procter & Gamble sales to Walmart Inc. and its subsidiaries account for 15% of this consumer goods company’s total sales in 2022, 2021 and 2020. No other customer accounts for more than 10% of Procter & Gamble’s total sales, while its top 10 customers accounted for 39% of
NIKE brand apparel revenue, excluding foreign exchange, increased 6% in fiscal 2022, ended May 31. Primarily, these revenues were driven by growth in men’s apparel. The company‘s apparel sales per unit were flat, with the increase in average selling price (ASP) per unit contributing approximately 6 percentage points
Russian gas exports to the European Union dropped significantly, and in the last week of June 2022 stood at 35% of their previous year’s level, a report released by the European Central Bank (ECB) indicated. Around the turn of the year, Russian gas flows through pipelines running through
At least 42% of the railcars and intermodal units carried by railroads in the United States are directly related to international trade, according to the Association of American Railroads (AAR). The AAR is an industry group that primarily represents the major freight railroads in North America (Canada, Mexico