Category Archives: NAA News

Bulls Beware: The 2020 Oil Market Is Quickly Turning Ugly

Oil bulls thought 2020 would be their year.

After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted that if $100 a barrel-oil was going to make a come back, it would happen in 2020. Read more

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State of California declares coffee’s cancer risk insignificant Not enough grounds to prove a link between coffee and cancer

In news that’s sure to perk up coffee lovers, the state of California has officially declared that your morning jolt of java does not pose a “significant” cancer risk.

The rule means coffee won’t have to carry ominous warnings that the beverage may be bad for you, as AP reported. The state took the unusual move after a Los Angeles judge found Starbucks Corp. and other companies failed to show that benefits from drinking coffee outweighed...

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Who gets hurt by China’s new tariffs on American goods? Farmers and chemical makers

China’s announcement Monday that it will raise tariffs on $60 billion of American goods compounds the pain in what is fast becoming all-out trade war between the two countries as U.S. farmers, chemical makers and others brace for a further hit to revenue.

“Effectively, that market (China) is closed to U.S. exporters,” says Ed Brzytwa, director of trade for the American Chemistry Council. Read more

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