OPEC
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Today's Pickup
Today’s Pickup: Saudi Arabia threatens to flood oil market if OPEC members don’t cap production
Saudi Arabia angry at low oil prices; consumer spend set to increase during holiday season; European wine production battles climate change.
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Fuel
FreightWaves oil report: here are the oil and diesel numbers that OPEC faces this week
All the numbers at your fingertips to help you navigate figuring out what's going on at OPEC this coming week.
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News
Today’s Pickup: UPS employees charged in drug-smuggling case
Court indicts a few UPS employees for drug trafficking; EU commercial vehicle registrations decline; pop-up electric charging stations come up in Oxford.
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News
Today’s Pickup: Waste mountains of EV batteries a possibility with current mediocre recycling systems
Governments need to bolster electric vehicle battery recycling infrastructure; American worker productivity declined by 0.3% this quarter; Brazil plans to double oil output.
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Today's Pickup
Today’s Pickup: Fiat Chrysler and Peugeot’s PSA merge; now world’s fourth-largest carmaker
Fiat Chrysler and PSA merge to become a €40 billion automaker; global maritime shipping volumes growth slow; OPEC meeting this December to discuss production cuts.
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Energy
Oil on Monday closed nearer to day’s highs than its lows; ULSD remains the laggard
Oil markets completed their first full day of trading following the drone attacks on Saudi processing facilities, with the global crude Brent benchmark rising more…
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Shipping
Euronav waits on 2019 recovery as it notches second quarter loss
Refinery repairs and OPEC wreak havoc on rates, but there is always the next quarter.
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News
Today’s Pickup: Over 1,100 fracking wells in the Permian basin went unreported in 2018
Shale oil wells in the Permian basin were underreported by 20 percent; U.S. FDI flows reduce; UPS pursues drone delivery services
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Energy
Tanker shipping demand nightmare – fact of fiction?
Peak oil demand "lurks like a monster in the shadows," warns Stifel analyst Ben Nolan.
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Fuel
FreightWaves oil report: long-range imbalances are eclipsing short-term bullish developments
Three reports issued this past week all with the same conclusion: there will be a lot of excess oil in the world next year.
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