CRUDE SLIDES AMID DEMAND AND SUPPLY CONCERNS

China’s economic outlook and the Delta variant tanker were the most recent forces that led to crudes slip to open the month of August. Brent crude at writing was lower by 2.02% at $73.89/bbl while WTI slipped 2.31% and fell to $72.24/bbl. In mid-July OPEC+ met to discuss growing demand and supply increases. After some […]

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May the Fourth connect U.S.

Following news that the state of Michigan is attempting to shut down the Great Lakes oil pipeline, Canada has begun discussions with the U.S. to keep the cross-border pipeline open.  The Great Lakes pipeline is vital for supplying Canadian crude oil to the U.S., but it looks like Michigan is digging their heels in.  The […]

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Electric Marine Operation

The International Maritime Organization rule, IMO 2020 established strict regulations on marine vessel sulfur emissions, there are really two common ways to comply with regulation. Either limit the sulfur content in the fuel being used or add scrubbing units to the exhaust system to capture the excess sulfur oxide being expelled from the vessel’s exhaust.  […]

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U.S. Blacklists More Chinese Firms

As President Trump’s term comes to an end, the administration continues to tighten restrictions on Chinese companies as the U.S. Department of Commerce blacklisted CNOOC (China National Offshore Oil Corporation) on Thursday. CNOOC was blacklisted for helping China intimidate neighbors in the South China Sea which threatened U.S. national security. The Department of Commerce stated, […]

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California Votes Tallied on Prop 22

As the votes roll in for the presidential election, another important vote took place yesterday. In California, residents voted on Prop 22. According to Business Insider, “Proposition 22 is a November ballot measure that aims to exempt ride-sharing and food-delivery firms from AB5, a California gig worker law that forces Uber and Lyft to classify […]

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A2A Is Underway

President Trump announced last week that he will be issuing a Presidential Permit for a freight railway project that will run from Alberta, Canada to Alaska, called A2A Railway. The project will cost $22 billion and will transport a variety of commodities such as oil and iron ore, as well as other container goods. The […]

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How Close are We to Peak Oil Demand?

The COVID-19 pandemic has been particularly tough on the oil industry, and it appears as though the impacts will be felt well beyond the immediate future.  According to BloombergNEF, peak fuel demand will come sooner than previously predicted, with gasoline demand peaking in 2030 and on road diesel demand peaking shortly after in 2033.  While […]

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