Manufacturers Face New Threat From Fracking Slump

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The energy slowdown is adding strain on a manufacturing sector that is also contending with lower global trade and new tariff costs

Advances in fracking and drilling transformed global energy markets over the past decade, raising U.S. oil-and-gas production to record levels.

That has created big business for American factories supplying drillers with cranes, engines and pipes. The oil-and-gas industry bought $48 billion worth of manufactured products in 2018, the U.S. Bureau of Economic Analysis said, four times as much...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines