The world of crude oil is buzzing right now, as OPEC is currently meeting in Vienna, with a goal of reaching an agreement over production levels within the next 6 months. Oil prices dropped over 3 percent on Thursday as OPEC agreed to cut production. However, the cartel is waiting to decide on the actual […]
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If you read this blog or pay close attention to the oil and gas industry or financial markets you most likely see a lot of headlines about OPEC, geopolitics, Saudi Arabia, President Trump, China, etc. It is a lot to keep track of and with only 4 weeks, left to 2018 there is an abundance […]
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The University of Pittsburgh has always been regarded as a world class research institution, and now they are taking that reputation into the world of natural gas. Researchers from the Swanson School of Engineering were recently awarded a $1.76 million grant from the Department of Energy to conduct testing on a new method for treatment […]
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From Black Friday to Cyber Monday and all throughout December, there will be more products sold and shipped in the U.S. than any other time of the year. Staffing shortages and recent import tariffs have made retail executives stay on their toes and prepare for the season. Another concern that certainly weighs heavy on their […]
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We live and work in an area where jobs have been created and sustained through the rapid increase of shale production. “Pennsylvania’s abundant energy resources have spurred economic investment and brought jobs to the state. Studies have tallied nearly 322,600 jobs in Pennsylvania that provide nearly $23 billion in wages to Pennsylvanians.”[1] The numbers of […]
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Let’s call today the Turkey Turn up rather than the dead cat bounce. Oil complex up slightly today after taking a huge turn down yesterday with WTI settling at $53.43/barrel, its lowest level since October 2017. Oil prices fell amid concerns about rising global supply and growing fear of a global synchronized economic slowdown.
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Long distance truck drivers may soon become a thing of the past. Autonomous prototype trucks are predicted to be operating on select highways by 2020. In an article in FleetOwner Magazine, Steve Viscelli, a sociologist at the University of Pennsylvania, projects by 2040 that only a few outliers will not be using a predominantly automated […]
Read MoreOil prices seem to be looking for a solid footing this morning as news continues to point towards an upcoming supply cut. Oil prices have lost almost a fifth of their value in the last 30 days due to oversupply concerns, signs of decreasing demand growth and the potential global economic impact of a growing […]
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Something that many may forget around this time of year is the impact of demand in the fuel industry. The increase in fuel usage can catch many off guard and unprepared when coordinating their fuel schedules. Beyond the increase in demand the winter always brings its own challenges such as inclement weather causing delays and […]
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