OPEC+ reached an agreement to cut 9.7 million barrels per day (mb/d) beginning in May which is a record-breaking cut, but it still may not be enough to stabilize the market. U.S. Secretary of Energy Dan Brouillette said that the total number of cuts globally, when you add in all the non-OPEC countries, should be […]
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Food producers have been overlooked during the COVID-19 pandemic, they have been working tirelessly to keep our grocery stores stocked. Sanderson Farms Inc. just reported the first positive case at a major U.S meat producer. Seven employees from the Sanderson Farms plant in Mississippi were sent home to quarantine, but the plant remains operating at […]
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Over the weekend, Italy announced that they were planning to quarantine the northern region of Lombardy as they fought to contain the spread of the coronavirus (COVID-19). The government put measures in place, such as fines, to prevent people from entering and leaving the region until at least April 3rd. They also imposed a decree […]
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Truck safety the most important part in the transportation industry. According to CDL Knowledge, in 2015 there were 415,000 crashes involving large trucks. Of those, 4,050 were fatal incidents and there were a total 87,000 injuries. Most people who died as a result of these large truck crashes were in cars or passenger vehicles. Only […]
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China has seen a large decrease in the demand of gasoline and Jet fuel stemming from the deadly outbreak of the Coronavirus and the subsequent travel restrictions. Chinese refineries have been responsible for taking a third of all Latin American produced crude. Brazil is the largest exporter of crude into China and mainly supply the […]
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With the always heightening safety concerns in the transportation sector, The Federal Motor Carrier Safety Administration (FMCSA) has decided to double the minimum rate for random drug tests of truck drivers. This announcement came just prior to the launch of the heavily anticipated drug and alcohol clearinghouse. The minimum rate for random drug testing will […]
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Leaders of Cyprus, Greece and Israel are planning to sign an agreement early in the new year for the construction of a new natural gas pipeline. In Athens on January 2nd, the Greek Prime Minister Kyriakos Mitsotakis, Cypriot President Nikos Anastasiades and Israeli Prime Minister Benjamin Netanyahu, will meet to sign the agreement. The deal […]
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Last year the provincial government of Ontario, Canada canceled their generous zero-emission vehicle rebates causing sales of electric vehicles (EV) to plummet. The cancellation of this incentive program lead to Ontario being the only Canadian province to see a decrease in sales.
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The OPEC meeting that concluded today in Vienna ended with ministers approving productions cuts for the first quarter of 2020. The cuts for OPEC+ will be increased from 1.2 million bpd to 1.7 million bpd. A 500,000 bpd cut should be painless for the organization as they are currently at over-compliance with the cuts as […]
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Over the past 18 months the coal-fired capacity outside of China has shrunk, but China continues to drastically increase the amount of coal-fired power plants, according to a study from Global Energy Monitor. China grew their coal-fired plants by 42.9 gigawatts (GW), while the rest of the world saw a decrease of 8.1 GW, averaging […]
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