Global container freight rates hit a 16-month low in May as the aftermath of importers' front-loaded cargoes subsides
April manufacturing sector activity and March trade data put focus on distillate consumption
China responds to President Trump's reciprocal tariffs with a combination of retaliatory levies and export restrictions on critical minerals like rare earth magnets
U.S. trade deficit narrows to the second-largest on record as imports hold flat at $401.1 billion and exports increase 2.9% M/M to $278.5 billion
March U.S. ISM manufacturing activity surveys show sector activity contracted after just two months of >50 readings. Subindices for new orders, employment, and supply chain prices reflect near-term tariff concerns
The underappreciated power demand growth from air conditioning needs in developing equatorial regions
U.S. imports of goods and services jumped by $36 billion month-on-month in January for the largest monthly increase in history to the largest trade deficit in history
US manufacturing activity ends a 26-month streak of sector contraction with yesterday's ISM manufacturing PMI. Meanwhile, China's retaliatory tariffs strike US energy exports.
Data from the General Administration of Customs, China, shows crude imports fell to 11.2 MMb/d in December from 11.72 MMb/d in November for a 2024 average of approximately 11 MMb/d
Power market trends to watch and questions to answer in 2025
What's causing load growth in each North American region according to NERC's 2024 LTRA
This week's top economic data from the US, Europe, and China
