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Over the past few months, there has been a lot of negativity in the global fuels market. The price war between Russia and Saudi Arabia, as well as the COVID-19 pandemic are at the top of the list when it comes to driving crude oil prices to historic lows. However, recently there has been some small and simple actions that show signs of turnaround in a positive direction in the crude market. The Texas Railroad commission, production cuts, relaxing of local travel restrictions, and construction resuming, will all have a positive influence on the oil market.
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During a seminar held by Bibby Financial Services at the Mid-America Trucking Show in Louisville, KY on March 28th, information was presented from a survey that was gathered from 250 small to mid-sized trucking businesses.
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