Oil stocks in the US fell last week, surpassing analysts’ estimates. In particular, crude oil inventories fell by 7.1 million barrels for the week ended August 12, as announced by the US Energy Administration (EIA). Analysts’ average estimate had called for a drop of 1.7 million barrels, according to a poll by S&P Global Commodity […]
Tag: inventories
Standard Chartered: European stocks short-circuit Putin’s energy weapon
Europe’s natural gas stockpile build is about nine weeks ahead of the same period last year, limiting the pressure Russian President Vladimir Putin can exert on his country’s exports. “EU natural gas stocks are still growing relatively strongly, despite the fact that Russia has reduced flows through the Nord Stream pipeline to just 20% of […]
Cathie Wood: Corporate over-concentration indicates inflation will ‘deflate’
Cathie Wood said that the huge reserves that US companies have amassed indicate that inflation will soon begin to de-escalate. “I have never seen stockpiling this amount in my career and I have been in the market for a long time,” the head of Ark Investment Management said in an interview with Bloomberg Television on […]
Andelsblatt: Why German companies are accumulating stocks – The consequences for the economy
With its extensive analysis, Handelsblatt shows how German companies are increasing their inventories, thus worsening bottlenecks: Basf recorded 19% more sales to BASF, Lanxess 44% and Salzgitter 60%. The situation of orders in key industries could not be better. In recent weeks, manufacturers of chemical and metal products have informed their investors with ad hoc […]