The second quarter of 2022 revealed that oil and gas production in the Permian Basin has exhibited no signs of slowing down production. Nearly half of all oil investments conducted between April and June came from the Permian. The Permian Basin is in West Texas and the adjoining area of southeastern New Mexico. It covers […]
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Joe Manchin is front page news this week for “torpedoing” his party’s expensive climate change policy in the US Senate. Big, obnoxious, outlandish headlines are a staple in modern media and politics. It’s a long-used tactic for decades and with the emergence of “fake news” narratives, social media reporting, and click-bait news cycles, it’s time […]
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It has been over 4 months since Russia invaded Ukraine late February and crude oil prices are finally close to where they were pre-war, but where do we go from here? WTI crude oil prices are trading sharply lower today, down $7.86 at $96.23/barrel. Before Russia invaded Ukraine on February 24th, crude oil prices were […]
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At the start of today, oil prices rose after recent losses in the previous two sessions. Brent Crude rose $0.61 to $101.30 a barrel and WTI rose $0.65 to $99.18 a barrel. “With Russian oil prices set to drop as the year progresses and it runs out of Western parts to maintain fields, and with […]
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As a business owner with a fleet, you are tasked with finding the right fuel supplier to keep your vehicles on the road. It can be overwhelming to sort through dozens of gas suppliers to decide which one can best meet your needs, but the effort is more than worth it. Not long ago, Guttman […]
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Having an adequate supply of fuel is important to all of us on a daily basis, if for nothing more than to be able to run our daily errands and get to and from work. But for mass transit authorities, the ability to maintain a sufficient fuel supply is crucial. Recently, Guttman Energy was able […]
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On June 21st, 2022, Kearny Consulting Firm revealed their annual State of Logistics report to members of the Council of Supply Chain Management Professionals (CSCMP). The document provides an overview of the US economy through the eyes of the logistics sector.
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Properly managing a professional fleet is no easy task; every day is a dynamic challenge. With so many day-to-day worries to contend with – mechanical failures, regulatory compliance, traffic at the shipper or receiver – it helps to have a dependable fleet card that makes your life easier instead of harder. With that in mind, […]
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On June 23rd, Energy Secretary Jennifer Granholm and other Biden administration officials met with top oil CEOs from Chevron, Phillips 66, BP, Shell and ExxonMobil. Last week, in a letter to several major refiners and oil companies, President Joe Biden called for industry giants to use “historically high” margins to help ease the pain at […]
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At the end of May 2022, we saw a sharp decrease in U.S. crude inventory levels of 5.1 million barrels compared to the expected decrease of 1.3 million barrels. In response to the decrease in inventory and the sanctions on Russian oil, U.S. shale production is set to increase in the month of July by […]
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