Oil production

U.S. crude oil production

Hurricane Ida made landfall near Port Fourchon, Louisiana, as a Category 4 hurricane on Aug. 29

From refinery to consumer

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

In the oil patch, a significant share of logistics activity is highly repetitive. Blockchain can automate the payment processes.

Freight giant DHL will permanently close its Baytown, Texas, facility and lay off 97 workers by May 31.

U.S. factories face issues with sourcing from Mexico; Permian basin output to decrease in May; Lime raises funding from Uber.

Long-dormant power was seen as a tool to boost prices

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

Aramco increases maximum sustainable production capacity; air freight rates soar as manufacturing resumes in China; Americans order food via contactless delivery methods.

WEF projects 36% growth in last-mile delivery vehicles by 2030; Tesla vehicle registrations in California halves in Q4 ’19; Bendix signs on Geotab as telematics partner.

Ben Thrower writes about recent changes in Mexico’s oil policies and how they may harm the country.

Isuzu buys Volvo’s UD Trucks; U.S. industrial production climbs in November; DHL increases parcel delivery price in Germany.

HyperloopTT does feasibility study on Chicago-Pittsburgh route; Nikola develops the most energy-dense battery; Virgin Atlantic is opening new routes in summer 2020.

Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.

Aramco’s breakeven cost is below $10 per barrel; Alibaba registers $1 billion in sales in 1:08 minutes on Singles Day; Chinese pork imports at an all time high.

Governments need to bolster electric vehicle battery recycling infrastructure; American worker productivity declined by 0.3% this quarter; Brazil plans to double oil output.

Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services

FreightWaves is providing a forum – Market Voices – for a number of market experts.  Last week I wrote about why the ongoing decline in lumber shipments and the ongoing decline in housing starts should be a growing concern, and that continued contraction in this industry had several significant waves of secondary and tertiary economic […]

Donald Broughton, FreightWaves’ chief market strategist, helps explain the U.S. economy in a multi-part series. This article focuses on the industrial economy of the U.S., which is critical to the overall health of the nation.