China’s apparent* oil demand in March rose 3.3% year on year to 40.23 million metric tons (mt), or an average 9.5 million barrels per day (b/d), a Platts analysis of recent statistics released by the Chinese government showed. “That’s actually a recovery in the growth rate from the slowdown we saw hit in the fourth [...]
After 1.9 percent growth in January, U.S. containerized exports surged in February, rising 9.6 percent year-over-year and 4 percent from the previous month. The total February volume — measured in 20-foot equivalent container units — was 1,014,176 TEUs, led by strong gains in paper and paperboard, building materials and refrigerated foods, and boosted by the [...]
Trade-in values on used cars are expected to peak over the next few weeks, said Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide. “While prices for all used-vehicle segments will remain stable over the next two months, compact and mid-size cars will appreciate in value and outpace other [...]
The National Automobile Dealers Association (NADA) released a study indicating that higher vehicle prices resulting from proposed fuel economy rules will cut millions of potential new-car buyers out of the market in 2025. “To work, fuel economy improvements must be affordable,” said Don Chalmers, president of Don Chalmers Ford in Rio Rancho, N.M., at a [...]