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. C…
Tagged: Reports
Oil and gas firms plan leaner projects worldwide
Wood Mackenzie (WoodMac) About 30 upstream oil and gas projects are expected to be approved around the world this year, similar to 2017, as operators stay focused on less capital-intensive projects wi…
Oil & Gas Exploration to Draw $811 billion, Data Firm Predicts
More than $811 billion will be spent on 615 upcoming oil and gas fields between 2018 and 2025 according to data and analytics company GlobalData. Globally, capital expenditure (capex) into conventiona…
NAFTA Freight Traffic Climbing
NAFTA Freight Traffic Climbing U.S. truck freight operating under the North American Free Trade Agreement (NAFTA) rose 10.2 percent in January compared with the same month a year ago, according to the…
Diesel Prices to Rise, Agency Says
A federal outlook for national average on-highway diesel prices predicts they will be higher this year and in 2019 than they were last year and in 2016. However, they should at least be fairly stable…
Technology improving tire protection
Many fleets don’t do a great job at tire inflation management. And the industry knows there’s little point in looking to drivers for help in the matter, so what’s left to do? Enter technology. Automat…
Clean engines boosting air quality
The introduction of clean diesel truck engines over the past five years has yielded significant emission reductions and substantial fuel savings, according to new research commissioned by the Diesel T…
Class 8 will be strong in ‘18, analyst says
North American Class 8 truck production will hit 300,000 units in 2018, a level seen only once in the past 10 years, according to transportation industry analyst FTR. Commercial vehicle trailer produc…
Chemical market up, data show
Chemical market up T The American chemical industry began the third quarter on a positive note, with growth in U.S. specialty chemicals market volumes expanding 0.4 percent in July, following an upwar…
Survey predicts tight capacity
The environment for shippers is said to be benign right now, but there’s rate and supply trouble coming later in the year, according to the Shippers Conditions Index (SCI) compiled each month by trans…
