Mid-Week Review – November 25, 2020

Why The Vaccine Oil Rally Won’t Last

Oil is on the rise after a third company developing a vaccine for Covid-19 announced positive efficacy results this week. They may well continue to rise for a while, but it would pay to be careful with betting on an endless rally. Click here to read more from Oilprice.com.

Oil Advances From Eight-Month High on Demand Optimism

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a Covid-19 vaccine will lead to a swift recovery in global energy demand next year. Click here to read more from Bloomberg.

The Secret Weapon That Will Save Oil & Gas Pipeline Operators Billions

Sales of high-precision commercial-grade drones have increased by 500 percent over the last four years. While many of these drones are catching useful aerial footage for maps, media, and television use, some are now being used by energy companies to monitor their infrastructure. Click here to read more from Yahoo.

Why The Oil Industry Doesn’t Fear Biden

U.S. oil and gas companies will soon be facing a climate-conscious president who has vowed to transition away from the oil industry. So you might expect a sense of existential dread in the oil world about President-elect Joe Biden. Instead, there’s a surprising amount of optimism. Click here to read more from NPR.

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote