Crude oil
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American Shipper
Shippers must foot the bill for post-Saudi fuel hikes
FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.
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American Shipper
How drone attacks impact shipping: crude tanker fallout
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.
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Chart of the Week
Average price of diesel has become a solid barometer for freight activity, here is why
The price of diesel fuel has an obvious impact on transportation providers costs, but it also can give insight into demand for their services.
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Company earnings
Chevron’s Permian production pays off with a strong beat
U.S. production increased 21 percent year-over-year to 898,000 barrels/day.
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Company earnings
Re-reading the IMO 2020 crude tanker tea leaves
As with product tanker rates, crude tanker rates show no sign yet of upside from IMO 2020 preparations.
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Business
Frac sand truckers can make good money doing a dangerous job
Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler. She gets dressed, drives her Peterbilt truck to…
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Maritime
More ‘black gold’ is winding its way down America’s rivers
Tank barges plying U.S. rivers are seeing higher rates as more petroleum is shipped.
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Maritime
Ocean Rate Report: Tanker rates adrift as Iran tensions simmer
This week, VLCC rates are going sideways, Capesize rates have reversed, and container shipping has yet to gain traction.
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Energy
U.S. sanctions Chinese buyer of Iranian crude as tanker risks rise
The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.
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Energy
Hormuz ‘clock’ ticks another minute closer to midnight
Geopolitical risks are escalating, increasing the risk for petroleum shipments transiting the Strait of Hormuz.
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