News

New Iranian Oil Tanker Attack | Weekly News Update

Iranian Oil Tanker Hit off Saudi Coast An Iranian oil tanker was hit by missiles of the coast of...

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Saudi Arabia Restored Oil Output | Weekly News Update

Saudi Aramco Restored Oil Output to Pre-Attack Level Saudi Arabia announced they restored full oil production and capacity to...

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Trump Denies Claim to Remove Sanctions | Weekly News Update

Trump Denies Iran’s Claim to Remove Sanctions Early Friday, Iranian President Hassan Rouhani claimed that the U.S. offered to...

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Saudi Arabia Set to Return to Normal Oil Production Levels | Weekly News Update

Saudi Arabia Set to Return to Normal Oil Production Levels by End of Month After the attacks on Saudi...

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Crude Oil Attacks & Self-Driving Trucks | Weekly News Update

Crude Oil and Diesel Markets Spike After Attack on Saudi Arabia Oil Infrastructure Over the weekend, a drone attacked...

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New US Trucking Companies Outpace Bankruptcies | Weekly News Update

US Threatens Additional Tariffs on Chinese Imports After China retaliated with more tariffs ranging from 5 to 10 percent...

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Chinese Tariffs Reignite Global Oil Demand Fears | Weekly News Update

China Tariffs Reignite Global Oil Demand Fears Oil prices fell on Friday after a week of gains, following the...

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Continued US China Trade Uncertainty | Weekly News Updates

US-China Trade War Creates Uncertainty and Volatility in Oil Markets US President Trump announced that the US will be...

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Saudi Arabia Seeks Market Stabilization | Weekly News Update

Saudi Arabia Calls for Market Stabilization Despite an overall downward week for oil markets, Friday saw prices start to...

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US Imposes Chinese Tariffs | Weekly News Update

US to impose 10% tariffs on $300B in Chinese goods US President Trump announced on Thursday that the US...

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Economic Data & Geopolitics Lift Oil Prices | Weekly News Update

US Economic Data and Tension in the Strait of Hormuz Lift Oil Prices Crude prices rose this past week,...

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Tension in the Middle East & Oil Prices | Weekly News Update

Tensions Heat Up in The Middle East Conflict in the Persian Gulf continues to heat up as multiple attacks...

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Tropical Storm Barry Makes Landfall | Weekly News Update

Tropical Storm Barry Makes Landfall in Louisiana Tropical Storm Barry made landfall on Saturday, bringing heavy wind and rain...

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Increased Diesel Taxes & 10-Year Low Truck Orders | Weekly News Update

Higher Diesel Taxes Take Effect In 13 States As we enter July, multiple states elected to adjust their state...

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Oil Output Agreement Reached by Saudi Arabia & Russia | Weekly News Update

Oil Output Agreement Reached by Saudi Arabia and Russia Russia and Saudi Arabia agreed ahead of this week’s Organization...

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OPEC Delays Meeting Date, Volvo Pursues AI | Weekly News Update

OPEC Confirms Meeting Date Amidst Continued Tension in the Middle East The Organization of Petroleum Exporting Countries (OPEC) and...

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Crude Oil Tanker Attacks | Weekly News Update

Additional Crude Oil Tankers Attacked Near the Strait of Hormuz Two crude oil tankers were attacked in the Gulf...

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Possible OPEC Deal Extension & Softening Truck Orders | Weekly News Update

Saudi Arabia Signals OPEC Deal Extension After reaching five-month lows this past week, crude prices rose slightly on Friday...

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Trump Threatens Tariffs on Mexican Imports | Weekly News Update

Tariffs Threatened on Mexican Imports in Response to Migrant Surge US President Trump threatened to impose 5 percent tariffs...

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Crude Oil’s Largest Drop in 2019 | Weekly News Update

Crude Oil’s Largest Drop in 2019 Oil this week posted its largest weekly drop of 2019, with both Brent...

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Autonomous Vehicle Operates Unmanned | Weekly News Update

OPEC to Continue Monitoring the Market With tensions simmering in the Middle East after several attacks last week on...

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Tariffs Dropped on Chinese Imports | Weekly News Update

U.S. Slaps Higher Tariffs on Chinese Imports as Trade Talks Resume The US rose tariffs on $200 billion of...

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Daimler Electric Vehicles | Weekly News Update

Threats of a Military Uprising in Venezuela Putting Pressure on Oil Markets Venezuela’s political discord continued to place uncertainty...

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Iranian Oil Sanctions Update & Intensifying Geopolitical Landscape | May Advisor Preview

Crude oil and refined product prices continued their gradual rise in April, ultimately reaching the highest price points since...

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