China’s metal export curbs reignites global companies’ hunt for stable suppliers

In March, the U.S. Manufacturing Purchasing Managers’ Index (PMI) slightly fell to 51.9 from February’s 52.2, per S&P Global’s latest report. This minor dip still signifies growth, as the index remains above the 50.0 mark for the third month, indicating ongoing expansion within the manufacturing sector. Economic conditions and demand improvements are credited for driving […]

In April, U.S. inflation showed signs of cooling for the first time this year. Grocery prices notably decreased, bringing cautious optimism for consumers. The Consumer Price Index (CPI) rose by 0.3% in April, a slight drop from the 0.4% increase in March. Over the past 12 months, the CPI has increased by 4.9%, a positive […]

Angola’s representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024. Angola plans to maintain its production goal of 1.18 million barrels per day, challenging OPEC+’s lower suggested limit. This decision was communicated after the 36th ministerial meeting of the 23-country group. Estevão Pedro, representing Angola, […]