October 22, 2020 • Posted in Daily Bulletin, News

COVID-19 Bulletin: October 22

Good Afternoon,

More news relevant to the plastics industry:

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Supply

  • Energy prices were higher in mid-day trading today, with the WTI at $40.70/bbl, Brent at $42.51/bbl and natural gas at $3.05/MMBtu.
  • After falling in August, Mexican and Brazilian demand for U.S. oil remained flat in September and October. Before the pandemic, Latin America was a stronghold for U.S. oil exports. 
  • Demand for jet fuel on the U.S. West Coast is picking up after a rebound in commercial and cargo flights, a small boost for oil producers.
  • Brazil’s Petrobras raised its estimate for 2020 production by 2.5% to 2.84 million bpd. 
  • The U.S. added sanctions to service providers and funders of the Nord Stream 2 gas pipeline from Russia to Europe. The move is part of the U.S.’s efforts to halt construction of the Russia-backed pipeline.
  • Natural gas continues to gain at the expense of coal in the U.S.:
Natural Gas Quickly Outpacing Coal

Supply Chain

Markets

International

Our Operations

  • For registered attendees of the MAPP 2020 Benchmarking and Best Practices Conference, stop by M. Holland’s virtual booth and watch our recorded breakout session here.
  • Global Healthcare Manager Josh Blackmore will be a featured speaker at the Plastics in Healthcare Virtual Edition, sponsored by Plastics News, October 26-30. The title of his talk: Applying the Lessons from the First Wave of COVID-19 to Successfully Navigate the Second
  • Resource Center: M. Holland offers a host of resources to clients, prospects and suppliers. To arrange a videoconference or meeting, contact:
  • To access 3D Printing training, order parts and seek technical assistance, visit our new online resource.

Thank you,

M. Holland Company

We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.

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