OPEC+ agreed to increase crude production, but Brent crude prices remain high, noted the US Energy Information Administration (EIA). First of all, on July 18, OPEC+ and several non-OPEC members (including Russia) agreed to increase monthly crude oil production starting in August 2021. According to an analysis by
The world’s industrial production declined 1.1% in May month-on-month, reported the Netherlands Bureau for Economic Policy Analysis (CPB). After growing 0.3% in March, this indicator stagnated at 0% in April of the current year. Above all, the fall in May was caused by negative rates in Japan (-6.5%),
The European Union, China and the United States ranked as the world’s largest exporters of manufactures in 2020, the World Trade Organization (WTO) reported. First, the European Union’s manufacturing exports totaled $ 4.35 billion, a decline of 6% year-on-year. As for extra-European Union exports, this was for 1
The Industrial Revolution 4.0 offers opportunities and challenges for SMEs, according to a report from the Asia Pacific Economic Cooperation (APEC) forum. Therefore, some policies can be applied with a broad focus for SMEs in general in developing economies or a narrow focus for competitive SMEs in industrialized
North American air cargo carriers reported a 23.4% increase in international demand in June 2021 compared to June 2019, IATA reported. Overall, underlying economic conditions and favorable supply chain dynamics continue to support air cargo carriers in North America. At the same time, international capacity decreased 2.1% compared
WTO members removed half of the restrictive measures on international trade related to Covid-19, that organization reported on Thursday. Members and Observers of the WTO continued to revoke measures implemented in response to the pandemic, and by mid-May 2021 around 21% of the pandemic-related trade facilitation measures and