Afternoon Coffee: IEA Says Oil Demand Growth Will Slow in 2016, US Business Inventories Unexpectedly Rise in September

Oil demand growth is expected to slow in 2016 as stockpiles have now reached a record high, the International Energy Agency said today. The agency estimated global oil demand growth will sink 3.6% next year.

U.S. business inventories increased in September 0.3%, the Commerce Department reported. Retail inventories specifically rose 0.5% in September.

Toyota has invested $1 billion in a new company called the Toyota Research Institute, which will focus on artificial intelligence research that may be applied to making safer, more accessible cars.

Alibaba set a new record for "singles' day" earlier this week, reporting $14.3 billion in sales on a single day. This was up 60% from the same shopping day last year.


SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.