Today, stocks stalled out near record highs which remain on track to be their best year in a decade. Optimism about the global economy is still at the fore as the U.S. and China continue to improve on trade relations.
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As the end of this week winds down and people prepare for the holidays next week, light liquidity will most likely be the name of the game in our energy markets. Light liquidity means trading volume is lower than normal which is to be expected during this time of year. Therefore, the bid/ask spreads are […]
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After many scattered rumors, today brought the official news of yet another major trucking outfit closing their doors. Celadon Group, the owners of about 3,300 tractors and 10,000 trailers announced that they would be filing for Chapter 11 Bankruptcy Protection. This brings an immediate end to the 34 year run of the Indianapolis, Indiana trucking […]
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A recent survey conducted by Reuters found that OPEC oil output has dropped during the month of November from October by 110,000 barrels per day (bpd). The cause is from Angola Production fell due to maintenance, along with Saudi Arabia halted supply output before the initial public offering of state-owned Saudi Aramco.
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As many of us are focused on our plans for the Thanksgiving holiday, we need to be aware of market-moving headlines in December that could create a volatile price market – similar to last year. Let’s review some of the events which could present an opportunity to take advantage of market movement and protect your […]
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On Thursday, November 21, 2019, there were four more liquefied natural gas (LNG) projects approved by the U.S. Federal Energy Regulatory Commission (FERC). This move will add to the fast-growing American LNG exports over the next few years. Three of the projects will be located along the Brownsville Ship Canal in Brownsville, Texas; Texas LNG […]
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On December 16th, 2019, motor carriers and drivers who currently must record their hours-of-service (HOS) will be required to comply with the Electronic Logging Device (ELD) rule. According to the Federal Motor Carrier Safety Administration, an ELD is a technology that automatically records a driver’s driving time and requirements for the hours-of-service records. ELD’s will […]
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Make no mistake, winter plays a big part of our daily lives. When you are involved in the transportation industry, it can have a huge impact! Icy roads can cause accidents and delays, increasing the demand for carriers. Here in Southwestern Pennsylvania, with our first snowfall on record books, we can say that winter is […]
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According to a global energy industry forecast, oil growth will continue to soar until the 2030’s and climate-damaging emissions will keep climbing until at least 2040. The World Energy Outlook is not only closely watched by the oil industry but also the governments due to its relevance to climate policy. The International Energy Agency said […]
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Is November 13th too early for a severe cold snap? For those waking up to a 12 degree morning here in the Pittsburgh area, the answer would be yes. It would be yes, yes, and yes for more than a century of consecutive years as today marks the coldest day in Pittsburgh history for November […]
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