With global chatter circling around the latest mass scale respiratory ailment, the coronavirus, there is global glut of petroleum fuels. Like SARS, in 2003, the coronavirus is thought to spread through respiratory droplets being transmitted form one person to another (i.e., sneeze or cough). With the potential for person to person transmission being so high, […]
Read More
Libya is an OPEC member nation in Africa, according to their information on OPEC’s website, “Libya is the 16th largest country in the world in terms of land mass, comprising around 1,760 thousand square kilometres. More than a quarter of the country’s six million plus inhabitants live in its capital city, Tripoli. Arabic is the main language. […]
Read More
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 […]
Read More
Yesterday, the Advocates for Highway and Auto Safety (AHAS) released a report of the top states for road safety enforcement efforts. Rhode Island, for the fourth year in a row, was top of the list. Advocates is an alliance of consumer, public health, safety and insurance firms that support policies and programs designed to promote […]
Read More
There has been a lot of talk in the news recently about the Phase One United States and China trade deal that was signed on January 15th. There are several topics that have been in discussion between leaders of the top two economies in the world including trade deficit, intellectual property, tariffs, and currency.
Read More
The U.S. Environmental Protection Agency (EPA) Administrator, Andrew Wheeler recently said that he anticipates the new Corporate Average Fuel Economy (CAFE) Standards rule to be finalized within the next month or two. The primary questions to answer at this point are, what does the rule seek to accomplish and how does this affect heavy-duty trucks?
Read More
After the recent drone strike and killing of Iran’s major general Qasem Soleimani, it goes without saying the United States may experience more difficulties importing crude oil from the Middle East. Along with external problems, the U.S. also faces internal issues. As we go into 2020, we are starting to see a decline in rig […]
Read More
In an effort to reduce greenhouse gas emissions from transportation, 12 Northeastern states and Washington D.C., including Pennsylvania, are weighing a regional program that would raise the price of gasoline. The Transportation and Climate Initiative (TCI) defines their program as a “bipartisan group or Northeast and Mid-Atlantic Jurisdictions” looking to “achieve additional benefits through reduced […]
Read More
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 […]
Read More
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.
Read More
