Oil prices edged lower on Tuesday after a key U.S. manufacturing report dimmed the outlook on the manufacturing industry and invoked lingering fears of a global recession.
Trucking companies across the country have experienced a rough first half of 2019. Coming off a profitable and robust 2018, the transportation industry has taken a one step forward, two steps back, which is causing many trucking companies to shutter their doors and leave thousands of drivers unemployed. There are many factors that have led to a shaky 2019 for trucking. Let’s take a look at a few.
Analysts are getting increasingly worried that the refining industry will not be prepared in time to meet the lower sulfur regulation under the new International Maritime Organization (IMO) set to begin January 1, 2020 and will subsequently increase diesel prices in relation to crude oil.
After five months of escalating tensions between the U.S. and China, oil is poised for its biggest weekly loss as macro fundamentals of the said trade wars and increases in oil production from Russia, Saudi Arabia and Libya.
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.