This week the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) are set to announce a joint proposal dubbed the “Safer and Affordable Fuel Efficient Vehicles Rule.” This decision comes after months of “deliberative discussions” between the agencies “as is typical for any joint rulemaking, the agencies provided feedback to each other […]
Read More
The International Maritime Organization (IMO) impending regulation change might not grab headlines like the Iran sanctions or the Venezuelan economic crisis have; but some experts feel it will have a large impact on crude oil prices in less than 1 ½ years. On January 1st 2020, the IMO is set to enforce that marine vessels […]
Read More
There’s been a lot of talk about the U.S. increasing its domestic crude oil production for the sake of exportation, but where exactly is that crude oil being shipped to? A large portion of the exports will be going to the world’s fifth-largest oil importer, South Korea. South Korean imports of U.S. crude are expected […]
Read More
Early in 2018, United States crude oil production was around 9.492 million barrels per day. Since that time, U.S. crude output has remained above the 10 million barrel a day mark and currently stands around 10.7 million over the last month. The rapid increase in U.S. production is due to the thriving shale industry. However, […]
Read More
There has been much talk in the news recently about the United States GDP. The questions are, what is GDP and what does it have to do with the US economy?
Read More
Oil markets finished higher again yesterday continuing the current upward trend. At the close of the session, WTI crude closed up $0.31/bbl to close at $69.61. RBOB and HO also closed higher by $0.0392/gal and $0.0257/gal to finish at $2.1623/gal and $2.1769/gal respectively.
Read More
When we last looked at autonomous vehicles back in April, we discussed an overview of the pros and cons and potential impacts on the automotive and petroleum industries (Click Here). Let’s fast forward a few months and check in on the buzz around the world.
Read More
Oil prices continue to be range bound until the market bulls or bears take control. As of this morning, there were more bullish than bearish factors which is resulting in green across the board for the moment.
Read More
There is a new land grab in the Permian Basin that may ease the bottlenecks of oil producers in the west Texas region. Oil Producers pump frac sand and other materials into wells to break up shale rock in order to produce oil. These wells are getting longer and wider which increases the amount of […]
Read More
Encyclopedia Britannica defines VLCCs as, “Very large crude carriers. These ships, with a length of some 330 metres (1,100 feet), have capacities between 200,000 and 320,000 dwt (Dead Weight Tonnage). They carry in the area of two million barrels.” Historically these enormous ships carry crude oil around the world including imports into the United States, […]
Read More
