Energy Prices: Does the Current Recovery Have Legs?

Spend Matters welcomes this guest post from Cristian Niculescu-Marcu, senior economist at IHS.

Despite a lackluster global economy and some worrying manufacturing sector signals coming from China and the U.S., growing seasonal strength is providing support to energy prices as they rally from January's multi-year lows. IHS anticipates that global liquids demand will rise by about 1.2 MMb/d in 2016 — growth that, while less than last year’s, is nonetheless key to reducing the world's crude oil supply overhang.

Afternoon Coffee: Carmakers Add 12M Vehicles to Takata Recall, Slow GDP Growth Seen in First Quarter

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Eight carmakers including Honda and Fiat are recalling more than 12 million U.S. vehicles due to defective Takata airbags. This new round of recalls is focused on the passenger-side air bag inflators. And U.S. GDP rose 0.8% in the first quarter of the year, more than previously thought, the Commerce Department reported today.

Business Intelligence to Transform Procurement