As we near the end of May, we will put behind us one of the most bullish rallies for the WTI crude oil contract in history with crude jumping almost 75% this month alone. Of course, with WTI prices currently trading at $33.33/barrel, that’s not saying much, as it is widely perceived the breakeven price […]
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As some countries begin measures to reopen and try to get back to somewhat of a normal routine again, Brazil is still fighting the spread of COVID-19. At least five oil producers have registered coronavirus cases among their employees and contractors at facilities located off the coast of Brazil.
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Economic busts are no stranger to the energy industry. Workers have become familiar to the roller coaster ups and downs of employment in the energy sector, but is 2020 the year of a paradigm shift or is it simply another economic shock that shall soon pass?
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I can almost guarantee that the answer to “where are you going on vacation?” will not be a “staycation” anytime soon. At this point in our stay at home orders I am sure we are all daydreaming of a trip of any sort with a pal or a confidant, so here’s the million-dollar question, will […]
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In today’s day and age, cyber-attacks and security breaches are not abnormal or new. COVID-19 has provided hackers with an opportunity to carry out their attacks as people are distracted and mostly working from home. Working from home can make people vulnerable and more at risk of a security breach especially if you are working […]
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As states begin to reopen, trucking companies are hopeful business will improve for them. It’s no surprise that COVID-19 has had some sort of impact on every industry in the world, and the trucking industry is no different.
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As we move into week six of social distancing and stay-at-home orders throughout the country, many states are preparing to lift restrictions beginning this week. CNN recently conducted an interview with Bill Gates, the founder of Microsoft. His foundation has studied pandemics for years and is now involved with the fight against COVID-19. Gates told […]
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I think we have all been bogged down in COVID-19 related news or news of poor global economics related to commodities, so this blog will be devoted to lighter non coronavirus related topics. Yesterday, for example, was the first round of the NFL draft. It was done via teleconference and quite honestly reminded us that […]
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Earlier this week the United States Senate passed a nearly $500 billion coronavirus ‘Phase 3.5’ relief bill that would replenish the small business rescue program known as the Paycheck Protection Program (PPP). Along with this, $75 billion will go to hospitals to implement a nationwide COVID-19 virus testing program as well as research funding to […]
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April 20, 2020 will go down in history as the first-ever negative trading day for WTI Crude as stocks plunged 321%, saw -$40.32 a barrel, and created a historic “super contango.”
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