Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Sept. 14 as it cut its forecasts.
September 14, 2020Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near
Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.
September 11, 2020Blue States Sue to Stop Trump’s Arctic Refuge Drilling Plan
A group of 15 Democrat-led states sued to block the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, alleging the plan fails to account for the danger to wildlife and climate-change impacts.
September 9, 2020Oil Market Buckles Under Pressure of Pandemic’s Second Wave
Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.
September 9, 2020National Diesel Average Slips by 0.6¢ to $2.435
The national average price of diesel fell by six-tenths of a cent to $2.435 a gallon, according to the Energy Information Administration. The weekly report was released Sept. 8, a day later than usual because of the Labor Day holiday.
September 8, 2020ATRI Opens Annual Top Industry Issues Survey
The American Transportation Research Institute has opened its annual survey asking trucking industry representatives to identify major industrywide issues.
September 8, 2020Oil Sinks With Equities on Wavering Hopes for Demand Pickup
Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
September 4, 2020$3 Billion Planned for Next-Generation Hydrogen Power Plants
Three power plants planned in New York, Virginia and Ohio will test whether hydrogen can one day replace natural gas in electric generation.
September 2, 2020Diesel Jumps 1.5¢ After Hurricane Laura Ravages Gulf Region
The price of diesel jumped by 1.5 cents nationwide to $2.441 a gallon, the Energy Information Administration reported Aug. 31, as much of the nation’s oil exploration and refining capacity was shut down because of two severe-weather events.
August 31, 2020CARB Formally Adopts Low-NOx Omnibus Rule
California regulators have unanimously approved a sweeping regulation that will lower oxides of nitrogen and particulate matter emissions for new trucks built beginning in 2024.
August 28, 2020