WTI
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AskWaves
What’s the difference between WTI and Brent crude oil?
Brent and WTI refer to indexes that measure the price of oil
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Business
Royal Dutch Shell earnings slashed by 25 percent year-over-year
It's hard to see a structural recovery in natty gas prices.
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Finance
Oilfield service trucking carriers crushed by evolving demand
Halliburton, Schlumberger Limited, and Basic Energy Services have seen their stock prices decimated by weak demand and a fierce price war.
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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.
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Economics
The Permian Basin’s demand for crude oil tanker trucks could quadruple in Q2
Lower WTI prices mean slower pipeline construction and more pressure on crude-by-truck.
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Canada
Today’s Pickup: a Supreme Court verdict that could shrink margins of Uber and Lyft
Gig economy companies contend with Supreme Court ruling that mandates full time workers to be considered as employees and not contractors; oil supply reduces after…
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News
Fracking jobs peaked in June; so did flatbed rates
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…
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News
Today’s Pickup: carriers position drivers closer to home
Crude oil crashes; FedEx slashes profit forecasts; Musk unveils Boring Company’s first tunnel; container and petroleum exporters fight at Port of Houston; Fed expected to…
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News
Today’s Pickup: DHL is turning to AI-enabled robots to improve warehouse efficiency
DHL’s advent into warehouse automation; India struggles with air pollution as coal consumption increases; WTI rates in danger of falling further.
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Chart of the Week
Oil price drops rapidly, but this is not a good thing for truckers
The benchmark price of domestic crude oil has dropped by 25% since early October. Historically, that would be a great thing for truckers, but with…
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