Oil price

In 2020, five countries accounted for about 50% of the world’s total crude oil production

Aramco increases maximum sustainable production capacity; air freight rates soar as manufacturing resumes in China; Americans order food via contactless delivery methods.

Diesel prices, like all commodities, are priced based in real-time based on the balance of supply and demand. Before we dive into how diesel prices are generated, we should discuss the two most important factors in what prices consumers will see at the pump: retail and wholesale.

USMCA will cost automakers $3 billion in added tariffs; Chinese EV sales plunge; U.S. holiday season will see over $1 trillion in sales.

IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?

Good day, Oil prices fell by around 2.5 percent at the start of this week, largely due to President Trump tariff threats against China. However, the U.S. sending out warships […]

France is banning electric scooters from riding on the pavement; U.S. oil rig count has fell since the end of 2018; self-driving vehicle companies are pushing towards favorable government regulations for commercial deployment.

Problems with some U.S. crude oil exports, more concerns for the IMO2020 switch, and the lessening impact of Donald Trump’s oil tweets.

Stepping into the system is expected by this economist to be Donald Trump, using emergency powers to halt exports of diesel fuel

Proposed bill would exempt electric scooters from requiring brake lights and turn signals; oil prices drop 1 percent over U.S.-China trade talks; CES2019 is showcasing the future of transportation.

The first week of 2019 saw three of America’s largest companies announce revenue expectation reductions, signaling a potential cooling of the U.S. shipping market.

China introduces new e-commerce law; Brexit leading to shortage of labor in the manufacturing industry; oil prices decline on supply glut; Ninebot introduces a more sturdy e-scooter model.

Increased electric vehicle adoption could lead to higher fuel taxes; drone deliveries could be a nuisance to neighborhoods; EU believes that the U.K. might vote in favor of the Brexit agreement this January.

Traders look at the ratio between gold and oil. What did it say in 2018?

It was a great week if you are an oil buyer, but if you produce it, it was one to forget as oil prices break substantially below $50.

On today’s episode, Chad Prevost and Oil Market Expert, John Kingston, discuss what’s going on with diesel and oil right now.

Also in the pickup: the sad state of interstate 81; farmers and truckers in the news; Saia’s fourth-quarter status report

Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.

EPA is looking to update pollution regulations for commercial trucks after 20 years; oil prices fall to one-year lows; U.S. import levels have declined slightly across all major retail container ports.

Oil prices fall on the back of a possible supply glut; highly populated cities are fighting back to regulate traffic during peak hours; U.S. companies are finding it hard to continue working in Iran after the now-in-effect trade sanctions.

Majority of the U.S. shale oil producers are showing negative cash flow in 2018; Subaru is recalling 400,000 cars due to faulty engine part; U.S. factory orders increase more than expected in September.

Barclays forecasts a drop in oil price; China is witnessing a historic fall in auto sales over stock market crash and U.S.-China trade war; banks are discussing on emergency financing to liquidate Sears.

Saudi Arabia and Russia are looking to contain crude oil prices by increasing production by nearly half a million barrels per day; China’s U.S. oil exports have dried up completely; Amazon warehouse workers lose their bonus over the company’s minimum pay rise pledge.

Maersk is taking notice of the coming regulation that will impact the quality of the fuel burned on ships, and has the potential to kick back into the diesel fuel market. Also: an underride decision, a revealing quote out of China.

Global sugar prices fall over record production and decreasing demand; oil squeeze looks to be inevitable; Walmart’s size might not help much if prices keep increasing and trucking market remains tight.

Oil production faces volatile times, as multiple OPEC countries witness geopolitical problems and unstable governments, leading to the possibility of yet another rise in fuel prices.

Oil prices fell by 6% yesterday after Libya’s National Oil Corporation announced the reopening of oil ports and recommencing the production of 700,000 barrels per day.