Iran

Middle East tanker attacks could spur oil importers to bring forward purchases, increasing shipping demand.

Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships to the Middle East, possibly an escalation amidst growing tensions with Iran, can further create volatility in oil prices. This development comes in after the […]

Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.

Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.

Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.

The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.

Iran’s truckers are on strike in 100 cities for the second time this year, causing fuel shortages. Meanwhile, the Iranian rial is rapidly losing its value, and the country’s biggest crude oil customers are cutting it off.

Sanctions and the Iranian rial’s collapse could remove supply from global oil markets, spiking prices and spurring more production in the United States.

An analyst summarizes a talk on digital brokerage, a truckers’ strike in Iran, and the prospects for ELD legislation.

Post the U.S. pulling out of the Iran Nuclear Deal, Iran has lashed out saying the U.S. is trying to drive up oil prices to help in strengthening the US dollar.

On the earnings calls, lots of talk about driver shortages but no suggestion that companies see it as hindering their growth.

The U.S. Treasury said it would revoke authorization for aviation exports to Iran within 90 days, all but prohibiting big orders Iran placed for Boeing Co. and Airbus SE jets.

The collapse of Venezuelan oil production and fears of renewed sanctions on Iran are driving oil prices to 2014 levels, but what does that mean for the American economy and the trucking sector?