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Month: July 2018

Category:
  • Nigeria

Nigeria: Village Head, Four Others Arrested for Allegedly Abducting 19 Oil Workers

The Akwa Ibom Police Command on Sunday confirmed the arrest of a village head and four suspects for allegedly abducting 19 ExxonMobil staff members. MacDon Achebe, the State Police Public Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Mexico

Mexico’s Next President Aims To End Foreign Fuel Imports In Three Years

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the U.S., during the first three years of his term while also Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Economy
  • USA

‘A good living but a rough life’: trucker shortage holds US economy back

The Miracle Mile in Carlisle, Pennsylvania, is a vital capillary in the US freight transport system. Linking interstate highway 81 to the Pennsylvania Turnpike, the road is just an overnight drive Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Electric Trucks

Penske Truck Leasing and NFI Industries starting to test the first fully electric Freightliner trucks from end of 2018 onwards

In June, Daimler Trucks presented two new fully electric trucks from its US-subsidiary Freightliner.  Now, Daimler announced the two first customers to operate the e-vehicles within their fleet: a total Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Water

Falling Lake Mead Water Levels Prompt Detente in Arizona Feud

Arizona is the odd state out in agreeing to dramatically curtail water use from the Colorado River, raising tensions in the Southwest as extreme drought conditions return. At issue are Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Climate

Global Warming Could Be Double What Models Predict

An international team of researchers suggest that future global warming may eventually be twice as warm as projected by climate models Global warming could be much worse than predicated by Continue Reading

Posted On : 9 Jul 2018 Published By : Tom Whipple
Category:
  • Prices

Brent Falls Back On Saudi Supply Surge

Oil prices fell slightly Friday morning after an EIA report highlighting an unexpected build in crude inventories, with a Saudi supply surge adding further downward pressure on the crude market.  Continue Reading

Posted On : 7 Jul 2018 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices

Bernstein: Oil May Jump Past $150 On Chronic Underinvestment

A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle Continue Reading

Posted On : 7 Jul 2018 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices

There Are Fears About an Oil Spike Above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented Continue Reading

Posted On : 7 Jul 2018 Published By : Tom Whipple
Category:
  • Iran
  • OPEC
  • USA

Iranian oil minister calls Trump’s order to OPEC insulting

Iran’s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not Continue Reading

Posted On : 7 Jul 2018 Published By : Tom Whipple

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