The oil patch is rallying today being led by refined products. This is due to the fact that Hurricane Sally has left a trail of “catastrophic” rainfall in Alabama earlier this week and is now barreling through the Carolinas and is hindering supply at petroleum terminals.
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The 2020 school year has begun!
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Not so fast my friends, this is no ordinary auto business milestone, back in March, General Motors (GM) and Ford struck contracts with the federal government to manufacture ventilators in order to help combat shortages due to the Covid-19 pandemic. These contracts have now been fulfilled, but it was not without the support of some […]
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Over the past few months, there has been a drastic increase in U.S. shale producers’ race to acquire drilling permits from the Federal Government. This is due to the upcoming November presidential elections and concerns that a win by Joe Biden could mean a crackdown on oil and gas exploration. According to Reuters, “As of […]
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How many of us started today thinking it was Monday? It is Tuesday and here is some Trucking News
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Oil prices are edging lower today to $40.58/barrel as bearish sentiment is continuing to mount over concerns of a possible resurgence of COVID-19 cases over the holiday weekend and paring the pause in the incredible rally in equities.
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After 5000 Universities and Colleges recently reopened across the U.S., new hotspots of coronavirus cases are emerging. States such as South Dakota and Iowa are beginning to see an uptick in confirmed cases resulting in uncertainty when we might see progress made with offsetting the virus.
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On August 28th Amazon announced they will be purchasing 1,800 electric delivery vans from the European company, Daimler AG’s Mercedes-Benz. This deal comes two years after Amazon had agreed to buy 20,000 fueled Mercedes Sprinter vans to support its package delivery service in the U.S.
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Earlier this month both China and Russia reported that they have developed a Covid-19 vaccine that has been clouded by doubt throughout the world since Phase III testing had not been performed. The vaccines have been developed by CanSino Biologic from China and the Gamaleya Institute in Moscow and are a modification of adenovirus type […]
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