So far this fall has brought us near record highs in parts of the Northeast, with some areas breaking through 90 degrees. Leaving many to feel that we may continue to have a warmer fall and maybe even a milder winter. However, if you take a look at the forecast we could start to see […]
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Who likes to share their thoughts? Do you like to express your opinions out loud? Well if you’re in the transportation industry, then the Federal Motor Carrier Safety Administration (FMCSA) wants you to do just that! Recently the U.S. Department of Transportation proposed the much anticipated changes to the hours of service rules. The aim […]
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After more than one hundred years of production experience in Norway, Exxon Mobil has agreed to sell its assets for an estimated $4 billion. Exxon’s Norwegian portfolio consisted of more than twenty oil fields operated by producers Equinor and Royal Dutch Shell. In 2017, the average net production of these fields was about 170,000 barrels […]
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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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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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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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As we head into the month of August, the New York Mercantile Exchange front month futures shifts to September. When we think of September we think of the fall and the seasonal changes to gasoline specifications. While the price spread between the expiring August contract (summer grade) and the October contract (reflecting higher reid vapor […]
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Who is Boris Johnson and why should we care?
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The latest episode from Iran revolves around an Iranian drone that was destroyed by a U.S. Navy ship in the Strait of Hormuz. According to the U.S. Navy, the drone had flown within 1,000 yards of the USS Boxer and had ignored “multiple calls to stand down.” The end result, the drone was immediately obliterated. […]
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