Saudi Arabia

Saudi Arabian Airlines is investing in seven 777 converted freighters as it looks ahead to strong cargo opportunities.

The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia — namely, unfinished oils and fuel oil.

United opposition from four major U.S. cargo airlines has made Saudia reconsider its request for an exemption to fly freighters outside the normal regime governing air services.

Chutzpah: When Saudi Arabia’s flag carrier asks the U.S. to operate cargo flights directly from Europe and the Saudi government denies similar rights to U.S. carriers.

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

“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.

OPEC+ meeting over oil output cuts; air cargo volumes declined by 7.8% this year for top air freight players; Volkswagen invests $2.6 billion in self-driving startup Argo AI.

Saudi Arabia’s actions have sent markets plunging on top of earlier declines.

Aramco crosses $2 trillion valuation; German economy looks vulnerable than ever; Autoworkers vote for a new contract at Fiat Chrysler.

Blockchain needs trust to gain trust. A tribute to Paul Volcker

Saudi Arabia angry at low oil prices; consumer spend set to increase during holiday season; European wine production battles climate change.

Aramco’s breakeven cost is below $10 per barrel; Alibaba registers $1 billion in sales in 1:08 minutes on Singles Day; Chinese pork imports at an all time high.

Climate change, electric vehicles, alternative power, terrorism, and regional political conflict are significant risks to Saudi Aramco’s business, according to the company’s initial public offering prospectus.

Saudi Aramco, believed to be the world’s largest integrated oil and gas company, has announced it will undergo an IPO on the Saudi Arabian stock exchange.

Ship owners like Dorian LPG are reaping the benefits of very strong VLGC spot rates.

VLCC rates are reaching epic levels in the wake of an attack in the Red Sea on an Iranian Suezmax tanker.

Crude-tanker rates have now reached levels not seen since before the global financial crisis.

For a window on future demand for U.S. crude oil, look to international markets, as ever-more U.S. volumes head to sea.

U.S. sanctions targeting a subsidiary of China’s COSCO Shipping could have far-reaching consequences.

Shipping equities have suffered through a rough couple of years, but hope persists that market capitalizations and trading volumes can be resuscitated.

The Treasury Department adds two banks to the Specially Designated Nationals and Blocked Persons List in response to Iran’s alleged involvement in missile attacks against Saudi Arabia’s oil facilities.

FIATA warns that higher air, ocean and trucking fuels costs will be passed directly on to customers.

As the world’s top producer of oil, the United States is more than capable of withstanding the global effects of the Saudi Arabian refinery attack.

This week, VLCC tanker rates are rising, whereas both trans-Pacific box rates and Capesize bulker rates are slipping.

Saudi Energy Minister Prince Abdulaziz bin Salman at Tuesday press conference discussing status of country’s oil industry. And just like that, the great Saudi oil crisis of 2019 might be […]

We’re concluding our coverage of Trimble’s in.site conference 2019 we talk about Amazon’s big change to their algorithm, Linda Baker has the conference beat from Crawford St., and we’re joined by guests from Trimble, TriumphPay, FleetWorthy, and more. Stay tuned until the end to find out how to get What The Truck?!? at your event.

Coming LIVE to you from in.sight 2019, we are covering the latest on the Saudi drone strike situation and the implications far and wide. We are talking integration: What makes […]

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.

The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.

A market covers its shorts but also ponders the vulnerability of the Saudi oil system.

Diesel prices could spike by over 20% overnight due to the market coming to grips with the biggest blackswan event to hit oil in over a decade. On Friday night, […]

The drone attacks were a combination of low-tech equipment versus an oil giant, creating more disruption than any time in recent history.

Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.

Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.

Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away

China ramps up its pork import from the U.S.; Lyft is all set for its IPO; Saudi Arabia looks to push oil prices to over $70 per barrel.

Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.

Crude prices are stuck in a $50-$55 range for WTI, as news that would drive prices higher inevitably gets offset soon after by something pushing it lower.

Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.

Uber and Lyft are battling on who would go public first; oil production sees a dip in November; Amazon Go to venture into airport retail.

Saudi Arabia and Russia agree on further production cuts to prop up crude prices; Qatar leaves OPEC to focus on nat gas; heavy sweet crudes are trading at a premium in anticipation of IMO 2020.

Under the terms of the Saudi joint venture, Greenbrier, the second largest freight railcar manufacturer in the U.S., will provide up to $100 million in new railcars, lift equipment and other terminal investments, and will operate intermodal and other freight terminals.

Oil anxieties across the Middle East are ratcheting up. Waymo racks up 10 million test miles ahead of launching its robotaxi business. The US threatens to act over China’s online cost advantage on postal fees.

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.

Uber Freight is gobbling up $500M per year; the US and China hit each other with a new round of tariffs; Georgia Ports extends its inland intermodal network; Saudi Arabia’s Aramco IPO indefinitely delayed; cannabis supply chains mature; Houston is now an oil exporter.

Musk’s Twitter habit has gotten him into serious trouble—he’s either manipulating TSLA stock on false information or given up all his leverage in a Saudi buyout negotiation.

Elon Musk said that Saudi Arabia wants to buy Tesla; The New York Times wakes up to the driver pay issue; Amazon touts its private label brands ahead of the holiday season; lidar maker Quanergy appears to be struggling; Chicago’s mysterious surge in turndowns.

There are strategic reasons for the Saudi Arabian Public Investment Fund to consider a Tesla acquisition: the Saudis have the least diversified economy of any OPEC member and are perfectly positioned to supply solar power to Europe and the Indian subcontinent.

Cyberattacks increase with technology inclusion in supply chains; Tesla doubles loss this Q2; China is pumping billions into OBOR strategy; Aramco drops IPO as fuel prices rise.

The summer slump continues; Steve Eisman explains why he’s shorting Tesla; Walmart discovers that last mile delivery is hard; once-exported U.S. cherries find domestic customers; oil trade routes are threatened by geopolitical risk.

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.

The National Shipping Company of Saudi Arabia, better known by its local acronym Bahri, has finally received its latest carrier classified as a very large crude-oil carrier (VLCC).