Manufacturing

• [New] OPEC recently cut its forecast for the amount it expects production from its noncartel counterparts to increase in 2021 by 200,000 bpd to just 700,000. / Streetwise Reports
• [New] The benefits offered by vertical injection molding machines as compared to horizontal injection molding machines will bring tremendous growth opportunities during the forecast period of 2021-2031. / ADVFN
• [New] In terms of revenue, East Asia is projected to be the most attractive region for triage system manufacturers during the forecast period. / ADVFN
• [New] Greater adoption of digital technology will be an important driver of employment, wages and productivity growth and help secure Australia's recovery. / Budget Gov.AU
• [New] Because prices of West Texas Intermediate crude oil remain above $ 60/bbl during 2021 in the current forecast, we expect that producers will drill and complete enough wells to raise 2022 production from 2021 levels. / Natural Gas Intelligence
• [New] Oil production in Canada will increase by about 18% to 5.8 million barrels per day (bpd) by 2039, before falling to 5.3 million bpd by 2050, under its evolving energy system scenario. / Calgary Herald
• [New] CUT CUT CUT: Pakistan is looking to cut taxes on the imports of raw materials, which Prime Minister Imran Khan's team hopes will give a boost to domestic manufacturing. / Politico
• [New] End of season U.S. corn production is forecast at 14.5 B bu with a yield of 173.5 bu/ac. / ADVFN
• [New] The global antimicrobial ingredients for food packaging market is projected to witness growth during the forecast period. / Kentucky Journal 24
• [New] The global antimicrobial ingredients for food packaging industry is expected to mark healthy growth over the forecast period, 2021-2028. / Kentucky Journal 24
• [New] To stop new animal-borne diseases before they put people at risk, the UK will establish a UK Animal Vaccine Manufacturing and Innovation Centre at The Pirbright Institute in Surrey. / GOV.UK
• [New] GCT is expected to require an excess of US$ 521 million in 2021 to cover its acquisition of raw materials like phosphate, sulphur, ammonia and other chemical products, the national production for which had dropped 88% at the beginning of the year. / Islamic Finance News
• [New] The COVID-19 pandemic has laid bare long-standing vulnerabilities in U.S. and global supply chains, including American reliance on sole-source manufacturing and on Chinese manufacturing, in particular. / Wilson Center
• [New] Other verticals such as construction and personal and consumer services will see less demand and will develop more slowly in the coming years, focusing on supporting other business priorities in the post-crisis recovery process. / IDC: The premier global market intelligence company
• [New] Iran avoided an expected contraction in fiscal year 2020-2021, which ended in March, while a contraction in Saudi Arabia's oil industry was offset by a boost in activity outside of oil production. / Natural Gas Intelligence
• [New] The global smart cities market is expected to grow at a CAGR of around 20% during the forecast period (2021-2026). / Yahoo Finance
• [New] Alongside financing, rich countries must share a proportion of the vaccines they have ordered and use all tools available to distribute technology and knowhow that will maximise the world's ability to manufacture doses. / Save The Children
• [New] U.S. oil production likely recovered to 11.2 million barrels per day in March, and we expect a gradual increase in the coming months, mainly driven by the Permian and Eagle Ford basins, with the potential to grow towards 11.6 million barrels per day by the end of 2021. / rigzone.com
• [New] Malaysia, Philippines and Taiwan are expecting deliveries of AstraZeneca COVID-19 vaccines manufactured in Thailand to be delayed. / Thai Enquirer
• [New] Export market shares are expected to complete their recovery at the end of 2022 and stabilise around pre-pandemic values in the medium term, while remaining somewhat subdued in countries more dependent on travel exports. / SURPERFORMANCE

Last updated: 13 June 2021