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A resource to help you buy and manage fuel better

Matt Reese

Matt Reese

With a combined 10 years of customer service and sales experience, I am a detailed and efficient person who provides integrity and exemplary customer service to every business relationship. Consulting, cultivating and caring are qualities that my customers appreciate most.

Cant Stop, Wont Stop!

By: Matt Reese / Posted on: May 3, 2019

On May 2nd, the United States’ waiver period that granted eight nations to continue importing Iranian oil without penalty has ended.  The countries who granted extensions that ended are China, India, Turkey, Greece, Italy, Japan, South Korea and Taiwan.  As of today, only Italy, Taiwan and Greece have halted their purchases of Iranian produced oil.  The United States now faces the dilemma of either granting further extensions to the waiver thus backing down from their threats, or risk creating further global tension by sanctioning the countries that continue to do business with Iran.

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Portugal's Problem

By: Matt Reese / Posted on: April 17, 2019

Portugal has declared a nationwide energy crisis this week after all of their fuel truck drivers have gone on strike, threatening to cripple the infrastructure of the nation.  The organization representing the interest of 700 of the 1,000 working in the sector, The National Union of Dangerous Goods Drivers, is demanding higher wages and recognition of its members’ special status. 

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Latest Developments from West Texas

By: Matt Reese / Posted on: March 7, 2019

Chevron and ExxonMobil highlighted an aggressive strategy for drilling in the Permian Basin over the next five years to their investors this week.  Exxon is aiming to increase production to 1 million barrels per day while Chevron is targeting an additional 900,000 barrels per day, all by the end of 2024.  The presentations from both companies exemplify a growing trend in the region that has made the United States the world’s top producer of oil and natural gas. 

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Political Stalemate Leads to Sanctions in Venezuela

By: Matt Reese / Posted on: February 8, 2019

The Treasury Department of the United States placed sanctions on Venezuela’s state-owned oil company Petroleos de Venezuela, S.A (PDVSA) on January 28 in an effort to stabilize democratic order to the region and combat corruption in Venezuela.

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The Murky Depths

By: Matt Reese / Posted on: January 11, 2019

British Petroleum (BP) has announced the discovery of two new oilfields in the Gulf of Mexico and has approved a $1.3 billion expansion of its Atlantis three oil field.  The new expansion will include eight new wells to the existing offshore oil and gas platforms and they are speculating that it will increase production by 38,000 barrels per day by 2020.  The expansion comes nearly a decade after BP’s Deepwater Horizon disaster that caused more than $60 billion in damages to the region.

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