that, as part of its formal succession plan, its Board of Directors has named Robert F. Freda as Treasurer, succeeding Harry S. Jakubowitz, who plans to retire after a distinguished 18-year career with the company, with the past 15 years as Treasurer.
In its January 2020
Short-Term Energy Outlook
, the U.S. Energy Information Administration (EIA) forecasts that annual U.S. crude oil production will average 11.1 million b/d in 2021, down 0.2 million b/d from 2020 as result of a decline in drilling activity related to low oil prices. A production dec...
Industrial production advanced 1.6% in December, with
gains of 0.9% for manufacturing
, 1.6% for mining, and 6.2% for utilities. The increase for utilities resulted from a rebound in demand for heating after unseasonably warm weather in November. For the fourth quarter as a whole, total industrial pro...
The National Federation of Independent Business (NFIB)
Small Business Optimism Index declined to 95.9 in December,
down 5.5. points from November. Nine of the 10 Index components declined and one improved. The NFIB Uncertainty Index decreased 8 points to 82. Owners expecting better business conditions...