WTI crude closed higher yesterday on the news of Saudi supply cuts and the hope for additional economic stimulus due to the Senate races’ results in Georgia. Both Senate seats went to Democrats, giving them a majority in the Senate and increasing the chances of another round of coronavirus stimulus. The market is relatively flat […]
Yesterday, the OPEC+ production agreement continued to surprise markets when Saudi Arabia announced they would voluntarily shoulder an additional 1 MMbpd in cuts. Under the new arrangement, Russia and Kazakhstan will slightly increase their output (by a paltry 75 kbpd) while other producers maintain current cuts. The announcement propelled WTI crude prices briefly above $50/bbl, […]
EIA’s Best of 2020 Read the highlights of a hectic year from the pre-eminent governmental energy agency. Click Here to read more from the EIA. Oil Tops $50 With Saudis Pledging a Surprise Unilateral Cut Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra 1 million […]
Note: This is the first of a 3-part CCJ series on natural gas’ role in trucking. North American sales of heavy duty natural gas trucks have been supported mostly this year by refuse fleets, transit, and school bus operators, according to the most recent Natural Gas & Alternative Fuels Quarterly publication released by ACT Research. […]
