Nine months ago construction began for Shell’s $6 billion ethane cracker plant in Monaca (Beaver County), PA. The project development includes building bridges, relocating a state highway, improving the existing interchanges, re-positioning the rail line, and prepping foundations for the new complex.
June 22nd marks the next meeting of the OPEC producers to be held in Vienna. Moving into the second half of the year it is highly uncertain if a global glut has ended.
Every year the Commercial Vehicle Safety Alliance (CVSA) holds International Roadcheck, an enforcement campaign that focuses on safety targeting commercial vehicles and drivers in North America. This year inspections are taking place June 5th through the 7th. In the past, the focus had been on tires and cargo securement. This year, the CVSA announced details stating the focus on hours-of-service compliance. President Capt. Christopher Turner of the Kansas Highway Patrol,” The top reason drivers were placed out of service during 2017 International Roadcheck was for hours-of-service violations.”
On Saturday, the U.S., France and Britain retaliated against Syria over suspected chemical attacks a week ago. Missiles struck the heart of the country as a scare tactic against Syria's President Bashar al-Assad. This was the biggest military intervention in the seven year civil war against Syria and Russia. However, the Western countries said the strikes were limited and targeted at Syria's chemical weapons facilities keeping the mission disengaged from the civil war.
Today the EIA (Energy Information Administration) reported, that crude oil exports from the U.S. have nearly doubled since 2016. In 2017, the U.S. exported 1.1 million barrels of crude per day on average. How did this occur, the EIA states that, “U.S. crude oil exports were supported by increasing U.S. crude oil production and expanded infrastructure.”