TRADE WARS! TANKER GATE! IRANIAN SANCTIONS! MIDDLE EAST UNSTABLE! MIDDLE EAST PEACE! VENEZUELA SANCTIONS! INVENTORIES UP! INVENTORIES DOWN! REFINERY OUTAGES! PRODUCTION DOWN! PRODUCTION UP! CRUDE CHASES $50! CRUDE RUNS UP TO $60! WHAT DOES IT ALL MEAN?
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The slow start to the 2019 Hurricane season might finally be kicking into gear with Tropical Storm Dorian strengthening over the weekend just a few hundred miles southeast of the Lesser Antilles.
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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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This hurricane season compares to a dull sporting event. The dreaded season for those along the Gulf Coast has been similar to a game where the hometown rival comes to town, expected to showcase some big plays and unleash some fireworks on the home team, but for unexpected reasons starts out flat. The rival shows […]
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Oil markets have been trading lower all day today even after yesterday’s sell off on continued fears of a global economic slowdown exasperated by the trade war and unrest in Hong Kong.
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As global terrorism increases, the attacks on oil and gas facilities are at an increase as well. Cyber-attacks on the Industrial Control Systems (ICS) are on the rise. ICS’s can be anything from computer software all the way to the control system that regulates the valves on a pipeline. If a system is compromised, it […]
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The Department of Transportation (DOT) has delayed any rule makings based on the industry’s decision to change Hours of Service (HOS) until sometime in August.
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FedEx and Amazon have called it quits after FedEx decided this week to terminate its contract with Amazon.com for small-package ground deliveries. An article from Reuters stated, “The move by the U.S. package delivery company comes two months after it decided not to renew its contract with Amazon for U.S. cargo delivery through its plane-based […]
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For those of you who may not remember, in 2015 auto giant Volkswagen AG was found guilty of intentionally installing sensors to “cheat” or “pass” the Clean Air Act emissions tests. According to the Environmental Protection Agency (EPA) reports, complicit companies had to pay settlement monies out of over 10 billion dollars. Those dollars went […]
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Next week Pittsburgh Pennsylvania welcomes the National Truck Driving Championships (NTDC). The competition is each year by the American Trucking Association (ATA) and is slated to take place 8/14-8/17 at the David L. Lawrence Convention Center. As stated by the ATA, this long standing competition “has a long history – dating back to 1937 when […]
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