In terms of demand, the cartel projects it will increase from 93 million bpd last year to 99 million bpd by 2021, reaching 109 million bpd by 2040. Developing nations will lead demand growth (no surprise there), driven by the transportation sector. Source: OilPrice
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
Household debt in the U.S. totals a staggering $12.58 trillion, a level not seen since 2008, according to the New York Federal Reserve’s quarterly report released Thursday. The figure represents a $226 billion increase in household debt for the fourth quarter, the largest quarterly increase since 2013. Source: CNBC
The auto delinquency rate — or the rate of car buyers who were unable make loan payments on time — rose 13.4% year over year to 1.44% in Q4, TransUnion’s latest Industry Insights Report said. In the last three months of 2009 the delinquency rate was 1.59%. Source: Investor’s Business Daily