News
Below are interesting stories concerning our industries, manufacturing, and our region.
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Oil Rises as China Plans Stimulus, USA Ramps Up Pressure on Iran
Read Moreby Bloomberg Alex Longley, Mia Gindis | Monday, March 17, 2025 Oil rose for a second session on optimistic economic signals from the two biggest consumers of crude, while US attacks on Yemen’s Iran-backed Houthis revived concerns about a wider confrontation in the Middle East. West Texas In...
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Trump says no exemptions on steel, aluminum tariffs; more are coming: Updates
Read MoreBy Christopher Cann and Jorge L. Ortiz USA TODAY Published March 17, 2025 | Updated March 18, 2025 WASHINGTON – President Donald Trump says he does not intend to create exemptions on sweeping steel and aluminum tariffs and reaffirmed that additional duties will go into effect early next month....
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WTI Jumps Above $70 on Canada & Mexico Tariff Plan
Read Moreby Bloomberg Mia Gindis and Grant Smith | Thursday, February 27, 2025 Oil rose the most in six weeks as President Donald Trump affirmed plans to impose tariffs on the top two suppliers of crude to the US. West Texas Intermediate futures climbed about 2.5% to settle above $70 a barrel after Trum...
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Crude Futures Drop as Trade Uncertainty Grows
Read Moreby Bloomberg Mia Gindis | Wednesday, February 26, 2025 Oil slipped to a new low for the year as US President Donald Trump blitzed markets with a slew of conflicting announcements on trade. West Texas Intermediate retreated to settle further below $69 a barrel at the lowest closing price this ye...
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Oil Edges Up Amid Uncertainty
Read Moreby Bloomberg Julia Fanzeres | Monday, February 24, 2025 Oil edged higher in a largely aimless session amid a slew of geopolitical uncertainties, including Russia-Ukraine peace talks and a possible increase in Iraqi crude production. West Texas Intermediate rose to $70.70 after changing directio...
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Apple will spend more than $500 billion in the U.S. over the next four years
Read MorePRESS RELEASE February 24, 2025 Teams and facilities to expand in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington Plans include a new factory in Texas, doubling the U.S. Advanced Manufacturing Fund, a manufacturing academy, and accelerated investments in AI...
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Carbon Fiber Haas Front Panels!
Read MoreCheck out the latest upgrade for your Haas, a carbon fiber front bezel! Carbon Fiber Bezel, 15″ Screen Cover Part #: 06-0536 $87.95 regular price Carbon Fiber Bezel, Storage Cabinet Cover Part #: 06-0537 $29.95 regular price
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WTI Tops $72 Amid Crude Supply Concerns
Read Moreby Bloomberg Julia Fanzeres | Wednesday, February 19, 2025 West Texas Intermediate edged above $72 a barrel, extending gains to the highest closing price in a week. The rally is being driven by a slew of crude supply concerns from across the Atlantic and with a key technical level providing a f...
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Machine Tool Demand Apparently Rising
Read More,Feb. 10, 2025 Machine shops and other U.S. manufacturers ordered $513.8 million worth of capital equipment for metal cutting, forming, and fabricating during December 2024, a +15.0% rise from November, and +5.3% more than the previous December’s order total. According to AMT – the Assn. for...
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WTI Slips Below $71 Amid Supply Confidence
Read Moreby Bloomberg Mia Gindis | Friday, February 14, 2025 Oil fell as a key market gauge signaled that supplies are ample and traders discounted US threats to Iran’s crude exports. West Texas Intermediate’s front-month futures were trading at as little as 1 cent more per barrel than contracts for...
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Oil Futures Closed Higher as Sanctions Disrupt Russian Exports
Read Moreby Bloomberg Mia Gindis and Alex Longley | Tuesday, February 11, 2025 Oil extended gains on signs US sanctions are hampering Russian crude supplies. West Texas Intermediate rose 1.4% to settle above $73 a barrel, building on Monday’s 1.9% advance, which was the biggest in almost four weeks. S...
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What’s New At Haas Automation?
Read MoreWith a whole host of new machining products, Haas is also adding new shop equipment, cutting tools, workholding, and much more! Take a dive into what is new at Haas by visiting their website www.HaasCNC.com or clicking the LINK.
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Rethinking Supply Chains Due to New Tariffs by: Adrienne Selko
Read MoreSource LINK With the reality of tariffs on China, and soon to be implemented on Canada and Mexico, companies are re-examining their supply chains. A few days before the finalization of the tariff policy, MH&L talked with Travis Epp, a CPA and partner in charge of the Manufacturing and Distrib...
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Preventive Maintenance Program
Read MoreYour local Haas Factory Outlet now has 4 options from which to choose! •Level 1 PM Inspection- General overview •Level 2 PM Inspection- More detailed inspection •Level 3 PM Inspection- Comprehensive inspection •Level 4 PM Inspection- Comprehensive inspection with oil/filter replacement, vibr...
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Phillips Haas Maintenance & Repair Training – What is it?
Read MoreSERVICE YOUR HAAS MACHINES LIKE A PRO! Take control of your downtime and lower repair costs by learning to fix your CNCs on your own. Interested? Please complete our inquiry form on our site and a Phillips representative will be in touch to answer any questions. https://www.phillipscorp.com/phillips...
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Oil Output Cuts Could Boost Price to $60 a Barrel, Lukoil Says
Read MoreOPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market and lift prices to $60 a barrel, Leonid Fedun, vice-president of Russian oil producer Lukoil, told Reuters. The comments from Fedun, who was talking on the sidelines of the compan...
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Wood to Design Chevron’s Anchor Offshore Platform
Read Morehttp://bit.ly/2TgAF84 Engineering company Wood has secured a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The scope of the project included the preliminary, front end engineering and design (Pre-FEED), FEED and now entails the det...
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Lonestar Resources Enters Eagle Ford JV
Read MoreLonestar Resources US Inc. and its subsidiaries have entered into a joint development agreement in Gonzales County with one of the largest producers in the Eagle Ford Shale which encompasses an area totaling about 15,000 acres. The name of the producer was not disclosed. Lonestar will operate a mini...
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Preventive Maintenance Program Available
Read MoreYour local Haas Factory Outlet now has 3 options to choose from: Basic Inspection for a general overview Level 2 PM more detailed inspection Level 3 PM in depth inspection and oil/filter replacement Schedule your preventive maintenance today so your machine will be up and running when you most need ...
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Don’t Mess with the Tax Write-Off for New Equipment
Read MoreIndustry Week Robert Atkinson | Mar 04, 2019 A new study from a non-partisan research group on the economic impact of bonus depreciation for investment in machinery and equipment has been getting attention because of its conclusion that the incentive is not only wasteful, but harmful. In reali...