Crude oil

In 2020, five countries accounted for about 50% of the world’s total crude oil production

Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts.

In Alaska, oil and politics (and logistics) mix. Big time.

An exclusive interview with Samir Madani, co-founder of TankerTrackers.com.

There’s still too much oil in the world and tankers are still filling up with the overflow.

Darren Prokop explores the reasons for the huge drop in oil prices and what the ramifications are because of the drop.

America had been on track to become the world’s largest propane exporter until Saudi Arabia opened its crude spigot.

The Canadian oil and natural gas producer cited falling crude prices as a reason for temporarily stopping crude shipments via rail.

Tanker rates are back in the stratosphere as the Saudis move ahead with production push.

USD Partners and Gibson Energy will begin construction of a unit in April that will produce a nonhazardous heavy crude product.

Here’s why tanker stocks are rising as the rest of the U.S. stock market is crashing.

Titanium Transportation opens second U.S. brokerage office, plus oil collapse pressures economy, traffic congestion costs Americans, and how many trucks can you stack on top of each other?

Manufacturing outlook: The coming week will be telling for the industrial segment. The Institute for Supply Management updated the Purchasing Managers’ Index (ISM.PMI). It breached the 50-expansion threshold in for two consecutive months. There may be some talks of a turnaround for the manufacturing segment. However, the numerous headwinds in the current macro-economy suggest that […]

Diesel fuel price outlook  EIA statistics show total U.S. distillate production at the highest level ever for the second week of February despite significant concern over demand. Inventory reports were bearish. One other factor looming in the market: OPEC meets March 5-6. All models show it needs to cut further to balance markets, but it […]

Manufacturing outlook: The coming week will give some insights into the outlook for manufacturing activity in the Northeast region via the Empire State Manufacturing Index. The overall segment remains depressed and sustained rise is not expected through the first quarter. Construction outlook: There will be updates for housing and construction from housing starts, building permits, […]

Tender rejections: Looking into the week, we expect the capacity to continue to loosen as volumes remain at midwinter levels. Occasional surges in demand are not unheard of in February, but they are unlikely to have much impact on capacity. Carriers who operate in California and around the ports need to start thinking about the […]

Diesel fuel price outlook The rack-to-retail spread has widened to more than $1.10/gallon, creating an unearned windfall for trucking carriers. Diesel markets have been sliding in part on an overall decline in oil since the start of the year, but retail is slow to follow. Diesel itself has fallen farther than crude, primarily on fears […]

Brent and WTI refer to indexes that measure the price of oil

Accident in Saskatchewan causes 1.5 million-liter crude oil spill.