Brent crude oil

“Brent Blend” sounds like something Loretta Lynn’s forebears might have distilled in West Virginia.

Brent and WTI refer to indexes that measure the price of oil

Energy markets appear to believe that capacity constraints will raise diesel prices next year.

With oil prices climbing 20%, bunker and BAF costs are expected to follow suit after Saudi drone attacks

EU guns towards a new regulation that forces fleets to provide minimum wages to drivers; OPEC meets today over oil price turmoil and production ceiling; China agrees to resume U.S. soybean and LNG imports.

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.

The U.S. has now risen to the top of the oil production list by extracting 10.9 million barrels per day (bpd) in August, but it needs to urgently address the pipeline bottlenecks across the Permian Basin to hold on to its numero uno status.