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Trucking Industry Receives Positive News

By: Nick Stanley / Posted on: January 16, 2020

Yesterday, the trucking industry received a much-needed jolt to kick off 2020.  The United States and China signed a trade agreement that is expected to create a boost in U.S. manufacturing and an increase in the number of exported American goods.  While this deal will not completely mend the transportation industry after a historically turbulent 2019, it does provide a solid base from where negotiations can continue.  Vice Premier Liu He filled in for Chinese leader Xi Jinping at the meeting, reading a letter to President Trump from Jinping stating, “the first phase is good for China, the U.S. and the whole world.”

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A Great Finish to 2019

By: Pam Corn / Posted on: December 24, 2019


Today, stocks stalled out near record highs which remain on track to be their best year in a decade. Optimism about the global economy is still at the fore as the U.S. and China continue to improve on trade relations.

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China Reduces Oil Products Tariffs

By: Jon Babyak / Posted on: December 19, 2019

The volatility of the China-United States trade war may finally be slowing down.  Only a few days after agreeing to phase one of a new trade deal, China has announced a one-year tariff exemption on six chemical and oil derivatives, a positive sign that tensions are easing, and progress is being made.  These exemptions become effective on December 26, 2019 and are set to expire on December 25, 2020.

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A Quick Jaunt Around the News World

By: Daniel Guttman / Posted on: December 13, 2019

Weather:

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New Infrastructure in China

By: Matt Karol / Posted on: December 11, 2019

This past Monday, China has launched its new oil and gas pipeline group. This group consists of multiple assets combined into one group with a net worth of between 80 – 105 Billion USD. This has been a plan of China for years, but according to reports, it was just approved this past year.

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Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

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