oil report

A coalition of companies has come together in a creative new way to push more Canadian crude out into the market via rail, even as a long-term threat to Canadian crude-by-rail shipments is starting to see the first steps toward reality. The project announced this week that will supply more...

As OPEC prepares to meet this week, here's a Harper's Index of some key numbers that will help you through the news coming out of Vienna. The group faces projections of a supply/demand imbalance in 2020. Some of these numbers will make that clear; other numbers provide a historical context of what...

Brent crude oil is currently trading around $63.39 per barrel, above the 50-day moving average of $61.16 per barrel, and marginally lower than the 200-day moving average of $64.39 per barrel. These figures, time sensitive though they may be, are reflective of volatility in the oil markets. At any...

In this episode, oil expert John Kingston dives into diesel prices and the ExxonMobil Corporation (NYSE: XOM) stock price, FreightCaster Kyle Cunningham delivers the carrier update presented by PowerFleet, and Market Expert Zach Strickland talks to brokers about the Little Rock and Harrisburg...

A few random observations about what has been going on in the world of oil during the past week: – For four of the last seven weeks, the U.S. has exported more petroleum than it has imported. That's according to the weekly report of the Energy Information Administration. That report, which is...

The anticipated surge in over-the-road diesel prices because of IMO 2020 has not occurred. But that doesn't mean that there aren't impacts in other parts of the oil supply chain because of the new rule that goes into effect Jan. 1.  In its wide-ranging monthly report that covers the entire sweep...

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With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don't tell that to California. The climate-conscious state mostly ignores the fuel's significantly lower greenhouse gas emissions, preferring to press for zero emissions from all...

The scenarios laid out by Valero officials on their third-quarter earnings call painted a picture of a market that already has begun to make moves linked to IMO 2020. Diesel spreads relative to benchmarks like dated Brent crude have been wider over the past several weeks. Gary Simmons, the senior...

A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what's ahead. Every new barrel of refining capacity anywhere in the world is good for trucking. Even the construction of a whopping new refinery in places like Malaysia and India can put downward...

Stocks slipped modestly yesterday to start the week after an attack on Saudi Arabia’s oil facilities over the weekend. Despite the new geopolitical risks, the benchmark S&P 500 and tech-heavy Nasdaq were down only 0.3% for the session. The small cap Russell 2000 actually rose 0.4% on...

If there was any good news for trucking and transport companies as oil markets exploded Sunday night in reaction to drone attacks on the Saudi oil industry, it was that diesel prices rose less than the rest of the soaring oil complex. At approximately 8 p.m. Eastern, two hours after trading for...

After months of overall stability in the market for oil, prices are almost surely going to go on a roller-coaster when global markets open at 6 p.m. Eastern time on Sunday, September 15. A drone attack on numerous Saudi oil facilities–including a possible attack on the Shabya field, one of the...

When the Philadelphia Energy Solutions refinery closed this year after an explosion and fire, there was concern that taking out the East Coast's biggest refinery right ahead of the introduction of IMO 2020 could be one more factor that could lead to fuel problems for the market and particularly the...

Just when you thought it might be safe to forget about the Middle East for a while, it comes back to bite the market. Summer was pretty quiet in the region after a tense spring, maybe giving people a false sense of security. Now, with half of Saudi Arabia’s crude production disabled by an...