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Newspaper
Massillon Independent
Location
Massillon, Ohio, United States of America
Date
Jun 27, 2019
Page
8
The largest East Coast refinery, Philadelphia Energy Solutions, will shut down Monday and lay off about 1,020 workers after a devastating fire. Gas futures spiked and AAA warns motorists in the Mid-Atlantic could face modest price increases as summer travel begins.
U S factories posted a 1.3 percent drop in durable goods orders in May after a 2.8 percent fall in April. The decline was led by commercial aircraft amid ongoing MAX grounding, while demand for business investment items rose modestly in the report from the Commerce Department.
Utica Shale activity shows drilled 234, permitted 483, producing 2222, total 3113 as of Saturday with 19 rigs active and one horizontal permit issued that week. Top counties by permits: Belmont 654, Carroll 526, Harrison 471, Monroe 431, Guernsey 272, Jefferson 237, Noble 223, Columbiana 163, Mahoning 30, Washington 22, Stark 13. Leading companies: Chesapeake 844, Ascent Utica 585, Gulfport 417, Antero 260, Eclipse 207. Source Ohio Department of Natural Resources.
President Trump blasts Fed Chair Powell over higher rates and says he could demote or fire him. Markets weigh independence risk if Trump moves to replace Powell with allies who favor rate cuts. Economists warn removal could unsettle stocks and undermine Fed credibility amid debt and trade tensions.
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