The United States sanctions against Iran’s oil exports entered into full force last week as the United States attempts to cripple Iran’s oil-dependent economy and suppress their nuclear desires. Although Washington has vowed to halt all purchases of crude from Iran, it recently supplied eight countries with waivers to continue imports without penalty for the […]
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Reuters reported Monday that Saudi Energy Minister Khalid al-Falih said OPEC and its allies will need to cut around 1 million barrels per day from October’s production levels beginning next year to overcome the crude oil oversupply situation. This comes a week after the U.S. granted waivers to its allies to purchase Iranian oil which helped perpetuate […]
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On October 3rd The oil market intraday highs were as follow:Crude Oil – 76.92RBOB Gasoline – 2.1464ULSD Diesel – 2.4541
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As we approach the holidays, here are a few things oil and gas companies are juggling:
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Recap
Read MoreAs some of the political machines of the mid 1800s coined the jocular phrase of “vote early and vote often”, I can’t help but think about all the spirited voters racing to their local polling establishments today and how the energy and equity markets have reacted to midterm elections of the recent past. Over the […]
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As we head towards Iran oil sanctions and mid-term elections next week, we are focused on the following 4 topics
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2018 was and continues to be a big year for the trucking and transportation industry. The future of the transportation industry will continually change over the next 10 years. Let’s take a look at some of the changes that took and will take place.
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After the NYMEX started the morning slightly down and flat, RBOB and HO futures are now mixed as geopolitical news continues to be digested throughout the world. The top three issues impacting commodity prices continue to be the upcoming Iranian oil export sanctions in which there are conflicting reports as to the lost daily volume […]
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Move over lithium, there’s about to be a revolution in how energy is stored and it’s about to get bigger and better than ever before. Vanadium might not be new to the scene in general as its presence in steel has grown over the years. Vanadium steel is lighter and stronger than other metal alloys […]
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