Key Currency Exchange Rates for Friday, 4/29/22
American Dollar to Canadian Dollar = 0.784835; American Dollar to Chinese Yuan = 0.151556; American Dollar to Euro = 1.052279; American Dollar to Japanese Yen = 0.007677; American Dollar to Mexican Peso = 0.049180.
https://www.x-rates.com/table/?from=USD&amount=1.00
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4,600 kilometers for SCA’s electric timber truck
SCA's electric timber truck continues to transport timber between Gimonäs timber terminal and Obbola paper mill outside Umeå. It has now been in operation for over 1.5 years. – Everything is working as intended, and we receive inquiries from haulage companies and others who want to learn more about heavy electric vehicle transport, says Mikael Sundelin, Head of Business Development at Industrial Supply. Since SCA's unique electric timber truck was put into operation in June 2022, it has covered a distance of 4,600 kilometers, equivalent to more than one lap around the globe. Over a year of operation, the electric timber truck contributes to reducing carbon dioxide emissions by approximately 55,000 kg per year. With a capacity to carry 80 tons, the electric timber truck's daily task is to transport timber between Gimonäs timber terminal and Obbola paper mill outside Umeå. The round trip covers a distance of 30 km, and it completes approximately six rounds per day. The truck needs to be charged about two times during a working day.
Oil Set for Weekly Gain on Rebalancing Signs From U.S. to China
Futures added 1.5 percent in New York. China’s crude imports last month jumped to the second-highest on record, customs data show, while U.S. government data on Thursday showed crude inventories fell by 2.75 million barrels last week. OPEC is said to expect a global oil glut will be gone a year from now. President Donald Trump is expected on Friday to disavow a deal with Iran that helped revive its oil exports, while stopping short of abandoning it. Oil has rebounded from the biggest weekly loss since May on signs that output cuts led by the Organization of Petroleum Exporting Countries are draining a surplus. OPEC expects the effort to succeed by the end of the third quarter of next year, said people familiar with the group’s internal forecasts. The prediction assumes that production in Libya and Nigeria will remain at current levels and U.S. shale output will expand by no more than 500,000 barrels a day next year, two people familiar with the matter said. Click Read More below for additional information.