This morning, WTI crude oil prices traded as low as $52.13/barrel, the lowest level since October of last year. With threats of the Coronavirus spreading, travel and trade have become a factor in this sell off. With the fear of the disease spreading until there is a vaccine, traders forecast travel will be subdued, meaning […]
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Yesterday, the trucking industry received a much-needed jolt to kick off 2020. The United States and China signed a trade agreement that is expected to create a boost in U.S. manufacturing and an increase in the number of exported American goods. While this deal will not completely mend the transportation industry after a historically turbulent […]
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Today, stocks stalled out near record highs which remain on track to be their best year in a decade. Optimism about the global economy is still at the fore as the U.S. and China continue to improve on trade relations.
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The volatility of the China-United States trade war may finally be slowing down. Only a few days after agreeing to phase one of a new trade deal, China has announced a one-year tariff exemption on six chemical and oil derivatives, a positive sign that tensions are easing, and progress is being made. These exemptions become […]
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This past Monday, China has launched its new oil and gas pipeline group. This group consists of multiple assets combined into one group with a net worth of between 80 – 105 Billion USD. This has been a plan of China for years, but according to reports, it was just approved this past year.
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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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The bulls are off and running today because there is a bevy of bullish headlines including optimism over a U.S./Chinese trade deal and a missile attack on an Iranian oil tanker.
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On Monday October 7, Occidental Petroleum chartered the Very Large Crude Carrier (VLCC) Maran Andromeda to carry oil to South Korea for a record rate of $13.25 million that is set to depart the United States toward the end of November. The reasons for the spike in freight rates recently for VLCCs is related to […]
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Earlier today, China announced tariff hikes on $75 billion worth of U.S. products as a retaliatory measure against President Trump’s latest tariff message. China has decided to apply tariffs ranging from 5% to 10% on the $75 billion worth of products in two rounds. The first round of tariffs will take effect on September 1, […]
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