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Friday's Market Minute: Russia's Oil War
Friday, March 13, 2020 - 9:34am | 233Read More...Supply-shock joined demand-shock in the oil markets this week following Russia’s departure from the OPEC+ alliance. The reverberations of the 2020 Crude Crash have been deep and wide, sending equity markets limit-down Monday and putting credit markets on edge. Russia’s decision left...
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Drilling Deep: Great News! Diesel Prices Are Lower. Bad News! Diesel Prices Are Lower
Thursday, March 12, 2020 - 1:54pm | 171Read More...Among all the chaos in markets these past days has been one that is of particular importance to the trucking industry – the price of oil and the price of diesel have collapsed. This may sound like nothing but a good thing for the trucking sector, but as are many things, it's complicated. Drilling...
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Coronavirus Outbreak Puts Pressure North American Intermodal Volumes
Thursday, March 12, 2020 - 1:52pm | 596Read More...The coronavirus outbreak could start to be affecting North American intermodal rail volumes on a weekly basis, the Association of American Railroads (AAR) said. For the week ending March 7, North American intermodal traffic was down nearly 12% from the same period in 2019, AAR said. While Mexican...
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Stock Market Continues To Decline As Domestic COVID-19 Fallout Deepens
Thursday, March 12, 2020 - 10:14am | 1572Read More...For those investors hoping to wake up to a change of pace from the fierce selling on Wall Street, Thursday morning was a rude awakening. Nothing happened overnight to soothe investors. In fact, you could argue things seem even more grim this morning than they did after the Dow Jones Industrial...
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Bears On The Prowl: $DJI Now Down 20% From Recent Highs As Virus Impact Contemplated
Wednesday, March 11, 2020 - 5:27pm | 1335Read More...For the first time in more than a decade, a bear prowls on Wall Street. The Dow Jones Industrial Average ($DJI) closed down 4.5% Wednesday, off more than 20% from its recent all-time high. A 20% decline from highs is the definition of a bear market. The S&P 500 Index (...
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Today's Pickup: The Oil Market Is Taking A Whipping From Saudi Arabia's Wrath
Wednesday, March 11, 2020 - 3:00pm | 635Read More...Good day, The chaos is far from over for the oil markets, as prices continued to fall today after Saudi Arabia stated that Aramco, the country's state-owned oil company, will increase its maximum sustainable production capacity from 12 million to 13 million barrels per day (b/d). This announcement...
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Today's Pickup: Chevron Delo Touring Truck Focuses On Role Oil Plays In DPF Clogging
Tuesday, March 10, 2020 - 11:47am | 878Read More...Good day, Since launching its Delo 600 ADF diesel oil in November 2019, Chevron Corporation (NYSE: CVX) has been promoting the oil's capability to improve diesel particulate filter performance (DPF) and extend the time between DPF cleanings. At the Technology & Maintenance Council's annual...
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Weekly Fuel Report: March 10, 2020
Tuesday, March 10, 2020 - 11:14am | 27Read More...Image Sourced from Pixabay
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The Main Challenges Faced By The Upcoming EV Era
Tuesday, March 10, 2020 - 10:34am | 1015Read More...Even though sales of electric cars are still modest compared to traditional combustion engine cars when looking at numbers, EVs are getting more and more popular, and their popularity will only grow in the decades to come. The German giant alone, the legendary Volkswagen (OTC: VWAGY), is targeting...
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Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces
Tuesday, March 10, 2020 - 9:42am | 2547Read More...It looks like a little comeback attempt is brewing on hopes of government stimulus, but investors could be excused for not getting too excited yet. Last week, two monster rallies got snuffed out the very next day. There’s no guarantee of that happening again, but this is a skittish, nervous...
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Tuesday's Market Minute: Relief Rally Brings Little Relief
Tuesday, March 10, 2020 - 9:33am | 222Read More...The extreme volatility of the past two weeks continued yesterday. Stocks saw their worst day since 2008 with the S&P futures contract sinking more than 7.75%, and other equity indices showing similar sharp declines as traders continue to assess the effects of coronavirus. But news of possible...
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Construction Of Alberta Crude Unit Expected To Start In April
Monday, March 9, 2020 - 5:16pm | 688Read More...Energy logistics providers USD Partners (NYSE: USDP) and Gibson Energy (TSX: GEI) expect construction of a diluent recovery unit (DRU) to begin next month at the Hardisty Terminal in Alberta, Canada. The unit will enable freight trains to transport a type of heavy crude oil from Alberta to the U.S...
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Crude Awakening: Energy Sector Takes A 20% Spill As Crude Price War Sends Oil To 4-Year Low
Monday, March 9, 2020 - 5:09pm | 1843Read More...There’s an old saying that the market climbs the stairs and jumps out of the window. Clearly today was a “window” day. With last year’s trade war, people had dates they could watch with pre-set deadlines that would show progress or lack of progress. There’s no “...
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Oil Price Shock Threatens Rail Traffic – FreightWaves NOW
Monday, March 9, 2020 - 4:05pm | 90Read More...Zach Strickland examines a surge in truckload volumes before diving into the Ontario, CA market in the Carrier Update presented by PowerFleet, Donny Gilbert uses the weighted rejection index to showcase market shifts in the Broker Update, and Mike Baudendistel discusses the impacts of the oil price...
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What Crude Price Collapse Means To Ocean Shipping
Monday, March 9, 2020 - 2:12pm | 1343Read More...It's a black swan on top of a black swan. First, the coronavirus outbreak, and now, the collapse of the production-cut agreement of OPEC+ — the coalition of OPEC and other countries including Russia — after a dispute on how to handle coronavirus-induced demand destruction. With Saudi Arabia...
