Permian Oil Production to More than Double, Exceed Expectations

Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 million barrels a day (mbd) by 2023—a level of growth exceeding most recent estimates, says IHS Markit . What the report describes as a “stunning” level of growth will comprise more...

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Positive Outlook Projected for U.S. Chemical Industry

Following a mixed year in 2017, the foundation is set for better performance by the U.S. chemical industry in 2018, according to the American Chemistry Council’s (ACC) Mid-Year 2018 Chemical Industry Situation and Outlook . Strong global growth prospects, rising exports, an upswing in manufactur...

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Mid-Year 2018 GDP Outlook Strengthens

SIFMA unveiled the results of its twice annual survey of chief U.S. economists. They predict that the U.S. economy will strengthen to 2.9% for the remainder of 2018, up from 2.5% in the previous forecast. The median mid-year forecast calls for 2018 GDP to grow by 2.9% on both a year-over-year basis an...

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Small Business Optimism Now Second-Highest Ever

The Small Business Optimism Index increased in May to the second highest level in the survey’s 45-year history. The index rose to 107.8 , a three-point gain, with small businesses reporting high numbers in several key areas including compensation, profits and sales trends.

A net 19% of small busi...

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