Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings says in its March 2026 Global Economic Outlook (GEO). As Fitch states, the world economy has held up well despite a succession of geopolitical and U.S. policy shocks. World growth was 2.7 percent last year, close […]

With lost-time workplace incidents remaining high worldwide—to the tune of hundreds of millions of work-related injuries and illnesses occurring annually—95 percent of safety leaders plan to maintain or increase their budgets over the next two years. That’s the finding of a recent study commissioned by leading connected safety technology provider Blackline Safety—and conducted by independent research firm NewtonX—which […]

Enverus Intelligence Research (EIR), a subsidiary of Enverus, an analytics company, announced March 24 an updated global oil outlook that lifts its Brent forecast, reflecting impacts from the U.S.-Israel war on Iran, near zero flows through the Strait of Hormuz, a record G7 SPR release, and expectations for a muted U.S. production response. EIR now […]

A prolonged Iran conflict could affect multiple corporate sectors worldwide, primarily through higher hydrocarbon prices, supply-chain disruption, and indirectly through weaker demand due to falling consumer confidence and higher interest rates, and a delayed recovery from the cyclical troughs, Fitch Ratings says in a report issued March 20. However, revenue and margins in a few […]

The Energy Workforce and Technology Council (EWTC) released on Feb. 2 the following statement applauding the Department of the Interior’s action to support increased oil and gas production on federal lands: “We applaud Secretary Burgum’s action to support increased oil and gas production on federal lands. America’s incredible oil and natural gas resources play a critical role in U.S. […]

There are readily available hydrogen sulfide (H2S) mitigation treatments and technologies, yet hundreds of thousands of Texans still live close enough to oil and gas wells to risk exposure to hazardous levels of the lethal gas. There were 219 H2S-related deaths in Texas between 2014 and 2019. OSHA says hydrogen sulfide exposure has killed dozens […]

The National Electrical Manufacturers Association (NEMA) President and CEO Debra Phillips issued on Feb. 20 the following statement after the U.S. Supreme Court ruled to invalidate tariffs imposed under the International Emergency Economic Powers Act (IEEPA): “NEMA shares the Administration’s goal of strengthening U.S. manufacturing and rebuilding domestic supply chains, especially for the electrical equipment that powers America’s grid, factories, and […]