Permian Basin
-
Driver issues
Beyond Stevens, a report lays out tough times for drivers operating in Permian Basin
New pipelines are proving bad news for truckers, according to this RBN Energy report.
Read More » -
Company earnings
Chevron’s Permian production pays off with a strong beat
U.S. production increased 21 percent year-over-year to 898,000 barrels/day.
Read More » -
Business
Frac sand truckers can make good money doing a dangerous job
Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler. She gets dressed, drives her Peterbilt truck to…
Read More » -
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
Read More » -
Asia-Pacific
Caterpillar earnings disappoint due to weaker China sales and higher production costs
Global equipment manufacturer Caterpillar’s (CAT) second quarter earnings disappointed analysts. The company cited a combination of tariffs, weaker sales in China and slower growth in…
Read More » -
Business
Texas’ Port Corpus Christi poised to become top U.S. crude oil exporter along Gulf of Mexico
Port Corpus Christi could emerge as the United States’ top crude oil export hub over the next decade, thanks to more than $380 million in…
Read More » -
Company earnings
Chevron posts earnings beat on aggressive expansion in Permian Basin
WTI’s recovery this quarter should accelerate production in the Permian Basin, driving further truckload demand.
Read More » -
Energy
FreightWaves oil report: the numbers don’t lie; the market is getting tighter
OPEC’s cuts have brought its output down to the level where forecasts are saying it needs to be to keep markets in balance.
Read More » -
Intermodal
Today’s Pickup: Tesla’s new charging stations can charge cars in around 15 minutes
Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has…
Read More » -
News
U.S. raises safety bar for crude oil transported by rail
Rails may need to raise rates to comply with new rules from Washington.
Read More »