Crude Oil Prices Trending Downward
Since the beginning of October, the price of oil has been dropping steadily. In late November the crude oil benchmark West Texas Intermediate (WTI) was off by nearly 25 percent. The market has seen this…
Drilling Is Slowing According To Data Firm
In the first half of the year, the spot market in Texas was boiling over, with not nearly enough trucks to cover the growing demand for freight. In the past month, the market’s been pretty…
Oil Demand May Fall, IEA Says
Intensifying trade tensions between the U.S. and China could hit economic growth and reduce crude oil demand next year, while supply disruption risks could push prices further upward, according to the International Energy Agency (IEA)…
Crisis may be Looming for Diesel Market
A crisis of sorts may well be looming on the horizon for the diesel fuel market, a growing number of analysts predict. “The real crisis may loom in January 2020, when the International Maritime Organization…
U.S. Gasoline Consumption Leveling Off
U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel and customers in emerging…
U.S. Refiners Turning To Diesel
U.S. gasoline consumption has leveled off as the stimulus provided by low and falling oil prices between 2014 and 2016 has faded, so refiners are increasingly turning to diesel…
E15 expanding its market share
he market share for E15 fuel continues to expand, and some say it’s only a matter of time until critical mass is reached toward even wider scale adoption. Once the center of much politics...
Driver shortage slowing oil, gas extraction
hen the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’s massive Permian Basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they...
Kenan merges two subsidiaries
Kenan Merges Two Subsidiaries into KAG Merchant Gas he Kenan Advantage Group Inc. of North Canton, Ohio, said it has merged its two merchant gas subsidiaries — Jack B. Kelley LLC and Cryogenic Transportation...
Crude oil expected to continue dominance, study says
Crude Oil Continues Dominance rude oil products will continue to dominate global energy demand for transportation through 2040 despite surprisingly strong growth in electric vehicle sales, BP PLC said in its 2018 Energy Outlook....
EIA raises crude oil price outlook
The U.S. Energy Information Agency’s (EIA) May “Short-Term Energy Outlook’’ (STEO) predicted Brent crude oil prices would average $71 per barrel this year, $7 higher than what was forecast in April. Correspondingly, EIA’s forecast...
Butane Market Expected to Grow, analysts say
The global butane market stood at about $60 billion in 2015. In volume terms, global demand was nearly 138 million tons during the same year. This market is anticipated to expand at more than...
