The latest U.S. sanctions on Russian oil are rumored to be expansive, encompassing two Russian oil companies and more than 100 tankers, as well as oil traders and Russian insurance firms. The sanctions may also hit Chinese banks that facilitate Russian oil trades.
If China and Russia find the Houthi problem in the Red Sea as intractable as the U.S. and its allies have, it would all but halt what little maritime traffic remains in the region.
A recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates.
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“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.
The barge and tugboat operator said if no buyers come forward, it could begin employee layoffs by July 15.
Collin McLelland sits down for a live episode of his podcast with SkyBitz’s Anton Albrand.
Keynoting an Evolve summit session, Dan Pickering and Scott Gale call for traditional, transitional energy players to meet in the middle.
On this episode of WHAT THE TRUCK?!? for Digital Wildcatters’ oil and gas summit, Dooner and The Dude hear about the latest developments in the diesel market and how fuel impacts the logistics market.
Venture capital in oil and gas pales by comparison to climate technology investment, but there are potential unicorns out there.
The societal shutdowns of 2020 had ripple effects in every industry. Rob Benedict breaks down how the energy industry was impacted and has recovered since the start of COVID-19.
TMSforce executives Tim Sensenig and Rick Gonzalez explain the differences between a 3PL and a 4PL.
Mexican authorities have seized seven tanker trucks and more than 178,400 gallons of stolen fuel since Jan. 1, 2021.
Digital Wildcatters cofounder Collin McLelland explains why it’s smarter for clean-tech to bring about petrochemical efficiencies instead of focusing on the elimination of fossil fuels altogether.
FTS International lists $517.2 million in assets and $535.3 million in debts.
AAL Shipping, an operator of “mega-size” project cargo ships, expects rebound for smaller U.S. import and export project cargoes in 2021, if COVID-19 pandemic subsides later this year.
The coronavirus is not the only issue currently plaguing oil and gas companies.
Oil exporting countries might lose upto 85% of income this year; big 3 automakers partially close plants; Amazon suspends shipment of non-essential items.
Brian Aoaeh writes about changes in the energy/fuel mix over the next 30 years in developed and developing economies.
Oil and gas price forecasts were cut by major banks for 2020; global economic slowdown has hit steel production; Volkswagen looks to commercialize autonomous vehicles by 2025.
A pair of enormous crates carrying parts of a South Korea-bound drilling ship will be transported along highways through the Houston area over the next four days. According to Ronnie Smith, owner of Smith Specialized Logistics, it is one of the biggest moves by tractor-trailers ever in the Houston area, requiring a caravan of more […]
In the wake of Hurricane Barry, Brian Aoaeh writes about the disruption to supply chains that hurricanes and flooding can do. In particular, the state of Louisiana and its ports are critical to the U.S. agriculture and energy industries.
PetroChina now trades 82 percent lower than its historical high; Uber and Lyft drivers will no longer be contractors but employees; Waymo has clocked 10 billion miles in simulated driving.
Market expert Jim Blaze writes about the railroads’ transportation of fracking sand, as well as stone and gravel, aggregates and phosphates.
BP imagines a scenario where a plastics ban crushes demand for petchem feedstocks.
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.
Spot flatbed lanes in the oil field are more volatile and priced at a premium to national averages. They’re closely correlated to fracking activity in the Permian Basin, which is why we keep a close eye on oil prices and production.
The November Market Update, presented in partnership with Convoy, featured FreightWaves CEO Craig Fuller and Chief Economist Ibrahiim Bayaan, who discussed macroeconomic data and trends in freight markets.
WITH THE U.S. OIL and natural gas market continuing to boom, and production of both rising, FreightWaves’ chief energy analyst Mike Mitchell has written a primer on what happens during the fracking process. Through it, you will be able to see the numerous necessary steps that requires a truck in the process to get done.
Barclays forecasts a drop in oil price; China is witnessing a historic fall in auto sales over stock market crash and U.S.-China trade war; banks are discussing on emergency financing to liquidate Sears.
The United States – Mexico – Canada Agreement (USMCA) protects multinational oil and gas companies’ investments in Mexico from incoming President López Obrador.
The U.S. has now risen to the top of the oil production list by extracting 10.9 million barrels per day (bpd) in August, but it needs to urgently address the pipeline bottlenecks across the Permian Basin to hold on to its numero uno status.
The acquisition will make Pilot Flying J one of the largest third-party crude hauling fleets in the country.
According to SONAR data, the real-time national average for diesel truck stop actual price per gallon has risen to $3.15.
The Brent-WTI spread has widened considerably to $8.25, a bullish signal for demand for American oil exports and truckload miles.
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?
The shale oil revolution has increased the intensity of fracking activity, and coordinating the delivery of sand, chemicals, and equipment to sites has become more complex. PropDispatch is a digital solution.
Daseke has purchased Aveda Transportation and Energy Services, one of North America’s largest oil rig movers. This acquisition increases Daseke’s exposure to the oil and gas industries, which have a bullish outlook for 2018 and beyond.
The number of oil rigs and the demand for flatbed trucking are rising in tandem, as WTI prices go up and the Brent-WTI spread widens.
Ondiflo, a joint venture between Amalto SA and ConsenSys is using blockchain to automate ticketing processes in the oil and gas industry.
