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Elizabeth Trovall
Verified
Reporter, APM Marketplace
Houston
Beats
Content
By Elizabeth Trovall Verified| APM Marketplace Verified The International Energy Agency reduced its forecast for global oil demand growth this year by 300,000 barrels per day, saying “escalating trade tensions have negatively impacted the economic outlook.” The new growth estimate is 730,000 bpd. Analysts across the industry have also been cutting their expectations, which makes sense — a China-U.S. trade war means less oil is needed to fuel cargo ships, tractor-trailers and a whole lot of other things that carry products around the world.
By Elizabeth Trovall Verified| APM Marketplace Verified As more economic data comes in, we’re learning more about how consumers feel about where this economy is headed. It probably comes at no surprise that it’s not looking good. A Federal Reserve Bank of New York survey out Monday showed that American consumers are especially concerned about the job market.
By Elizabeth Trovall Verified| APM Marketplace Verified Bankers in Texas are reporting a sharp slowdown in both loan growth and loan demand, according to new survey data by the Dallas Fed. Uncertainty from tariffs was cited as one of the major drags on lending — one comment even mentioned the dreaded stagflation. So how much uncertainty looms in the booming Texas economy? Starting at the border in Laredo, IBC Bank’s Gerry Schwebel said he’s seen a dip in lending. His customers are importers and exporters.
Company Info
APM Marketplace
Los Angeles, California, United States
+1 213-621-3500