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Tag: Price increase

Circana’s mid-year 2024 Food and Beverage Market Outlook confirms forecasts for moderate revenue growth and forecasts stronger 2025

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Circana’s mid-year 2024 Food and Beverage Market Outlook confirms forecasts for moderate revenue growth and forecasts stronger 2025

Analysis highlights key trends and growth opportunities as the sector stabilizes and prepares for future challenges Chicago, Aug. 28, 2024 (GLOBE NEWSWIRE) — Circana™, a leading advisor on the complexity of consumer behavior, today released new insights from the Circana Compass, providing a comprehensive update on the performance of the global retail food and beverage […]

Even with declining inflation, rents remain a problem for small businesses

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Even with declining inflation, rents remain a problem for small businesses

NEW YORK (AP) — While many costs have fallen for small businesses, rents remain high and in some cases continue to rise, forcing many owners to make difficult decisions. “Every time rent goes up, we have to raise prices to keep up with costs,” said Adelita Valentine, owner of HairFreek Barbers in Los Angeles. “But […]

OMV announces gas discovery in the Norwegian Sea

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OMV announces gas discovery in the Norwegian Sea

OMV (Norge) AS, operator of PL 1194, completes drilling in the Norwegian Sea for the “Haydn/Monn” exploration areas. The well encountered gas with an estimated total recoverable volume of 30 to 140 million barrels of oil equivalent (boe). “By focusing on gas as a transition fuel, OMV is investing in affordable energy solutions and contributing […]

10 Places in California You May Not Be Able to Afford Right Now Due to Rapidly Rising Real Estate Prices

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10 Places in California You May Not Be Able to Afford Right Now Due to Rapidly Rising Real Estate Prices

Sandra Foyt / Shutterstock.com California is currently one of the hottest real estate markets in the U.S., with a median sales price of $838,200. That’s nearly double the national median home price of $439,455. While the U.S. median home price has increased 4.1% this year, home prices in California are currently up 6.9%. Check out: […]

Sinopec’s profit rises as upstream starch offsets refining problems

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Sinopec’s profit rises as upstream starch offsets refining problems

(Bloomberg) — Sinopec, China’s largest oil refiner, reported a slight increase in first-half profit as better performance at its upstream operations offset weakness in refining and petrochemicals. Net profit for the first six months was 35.7 billion yuan ($5 billion), up 1.7 percent from a year earlier, according to a stock exchange statement on Sunday. […]

Santos: Demand for natural gas will remain strong after 2050

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Santos: Demand for natural gas will remain strong after 2050

(Bloomberg) — According to Kevin Gallagher, chief executive of Santos Ltd., demand for natural gas will remain strong despite government and corporate efforts to reduce emissions to zero by mid-century. Gallagher is under pressure to deliver on its ambitious strategy to increase production by more than 50% by the end of the decade and establish […]

Novatek plans to build second LNG plant at approved Arctic power plant

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Novatek plans to build second LNG plant at approved Arctic power plant

(Bloomberg) — Russian gas producer Novatek PJSC appears to be pushing ahead with an expansion project for its Arctic LNG 2 plant despite Western energy sanctions. A small fleet of tugboats towing a second production train approached the site of the plant on Saturday, according to vessel tracking data. The platform left the construction site […]

Shell invests in the second phase of the Surat gas project in Australia

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Shell invests in the second phase of the Surat gas project in Australia

Gas from the project will flow to Shell’s QCLNG liquefied natural gas (LNG) plant on Curtis Island near Gladstone to fulfil long-term contracts and supply domestic customers. This is part of an existing 27-year gas sales agreement between Arrow Energy and QGC. Phase 2 is expected to deliver approximately 22,400 barrels of oil equivalent per […]

ADNOC Gas reports record second quarter net profit of $1.19 billion

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ADNOC Gas reports record second quarter net profit of .19 billion

ADNOC Gas, a world-class integrated gas processor, and its subsidiaries today announced strong financial results for the second quarter (Q2) of 2024, reporting adjusted net profit of US$1.190 billion, an improvement of 21% year-on-year. Second-quarter revenues increased 13% year-on-year to $6.076 billion. In the UAE, population growth and industrial growth contributed to higher revenues in […]

What can we expect in the fall after the recent increase in gas prices?

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What can we expect in the fall after the recent increase in gas prices?

(WXYZ – Over the past few weeks, we have seen some of the highest gas prices of the year. Part of the reason for the increase was the increased demand for summer travel as well as a refinery failure. Here’s the good news: An expert told me that prices peaked on July 25 and would […]