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A resource to help you buy and manage fuel better

Training Drivers for Fuel Efficiency

By: Emily Zehala / Posted on: December 14, 2018

With constant fluctuations in price, fleet owners are becoming much more conscious of their fueling spend.  Some may shop around to find more cost effective supply options, while others are looking at newer technologies to increase fuel efficiencies.  Most of us have seen smart phone applications for everything it seems, but now trucking companies are more regularly looking into newer apps as a fuel optimization solution.  Two companies in particular are setting the standard for over the road truckers in this category.

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Saudis Spark Afternoon Rally

By: Mike Dombroski / Posted on: December 13, 2018

The oil patch rallied today after starting off the day in the red as news hit this afternoon that Saudi Arabia will be targeting the United States with sharp oil export cuts in January.

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Two Extra Layers

By: Matt Reese / Posted on: December 12, 2018

The United States Department of the Interior announced a revision last week about an increase in the potential production in the Wolfcamp Shale and Bone Spring Formation. The announcement stated, two underground layers in the Delaware Basin in the Permian shale play of West Texas and New Mexico, contain 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids.  This represents the largest pool of oil and gas reserves anywhere in the United States. The Permian is already the driving force in production hitting an all-time high in November of 11.7 million barrels per day (bpd) as it is the biggest producer and boasts the quickest rate of production at 3.63 million bpd. 

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OPEC Decision Day

By: Mike Dombroski / Posted on: December 7, 2018

After a few days of deliberation, OPEC + has finally decided to cut 1.2 million barrels per day of oil production. 

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WHO RUNS THE WORLD? OPEC

By: Sam Klein / Posted on: December 6, 2018

The world of crude oil is buzzing right now, as OPEC is currently meeting in Vienna, with a goal of reaching an agreement over production levels within the next 6 months. Oil prices dropped over 3 percent on Thursday as OPEC agreed to cut production. However, the cartel is waiting to decide on the actual size of reduction until after a discussion with Russia. This could delay the decision until Friday, when OPEC is set to meet with non-members.

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