Weekly News Update

Iranian Sanction Waivers End | Weekly News Update

U.S. To End All Waivers on Imports of Iranian Oil Last Monday it was announced that the Trump administration...

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Secondary Sanctions & New Nikola Trucks | Weekly News Update

Secondary Venezuelan Oil Sanctions Expected from US A second round of sanctions on Venezuela are expected from the US...

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Libyan Unrest & Trucking Payroll Cuts | Weekly News Update

Battle Rages for Libya’s Capital, Airport Bombed Libya, one of the most volatile nations apart of the Organization of...

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Crude Oil’s Wait-and-See Approach | Weekly News Update

Crude Takes a Wait-and-See Approach The crude market has been taking a wait-and-see approach while several events play out. ...

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Oil’s Largest Quarterly Rise Since 2009 | Weekly News Update

Oil Set for Biggest Quarterly Rise Since 2009 Crude oil surpassed $60 per barrel (bbl) on Friday to make...

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Uncertain Future of OPEC+ Supply Cuts | Weekly News Update

Uncertain Future of OPEC+ Supply Cuts The future of the crude oil cuts set by the Organization of Petroleum...

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Gas Tax Hikes & Truck Reservation System | Weekly News Update

Alabama’s Gas Tax Hike Signed into Law Proposals for diesel and gas tax increases have been making more headlines...

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OPEC Policy Decision Delay & Decreased Truck Orders | Weekly News Update

OPEC Likely to Defer Output Policy Decision Until June The Organization of Petroleum Exporting Countries and supporting nations (OPEC+)...

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Delayed Tariff Increases & Electric Truck Requirements | Weekly News Update

Trump to Delay Tariff Increases on Chinese Imports On February 24, US President Trump tweeted that the US and...

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Oil Prices Rise on U.S.-China Trade Hopes | Weekly News Update

Oil hits 2019 Highs on U.S.-China Trade Hopes Oil and diesel prices have rose the past two weeks on...

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OPEC Production Falls & New Nikola Trucks | Weekly News Update

OPEC Production Falls Significantly on Saudi Output Cuts The Organization of Petroleum Exporting Countries (OPEC) significantly reduced their crude...

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OPEC Pact & Ike Startup Funding | Weekly News Update

OPEC Pursues Formal Pact with Russia Saudi Arabia and its Organization of Petroleum Exporting Countries (OPEC) allies are proposing...

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U.S. Imposes Sanctions on Venezuela’s Oil Industry | Weekly News Update

U.S. Imposes Sanctions on Venezuela’s Oil Industry The US announced they will apply sanctions to Venezuela’s state oil company...

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Price War Reassurance & Rail Automation | Weekly News Update

Russia Says Oil Price War with US Would be too Costly The largest oil producer in the world and...

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OPEC+ Cuts & A New Self-Driving Long Haul | Weekly News Update

OPEC+ Production Cuts The Organization of Petroleum Exporting Countries and supporting nations (OPEC+) agreed to cut 1.2 million barrels...

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Saudi Export Cuts & CES Automated Trucks | Weekly News Update

Saudis Plan New Export Cuts Saudi Arabia – the third largest oil producer in the world and the de...

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OPEC Production Cuts Take Effect | Weekly News Update

OPEC Production Cuts Take Effect The Organization of Petroleum Exporting Countries’ (OPEC) estimated output fell in December by the...

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U.S. Shale Surge & Four Stages of Autonomous Trucking | Weekly News Update

U.S. Shale Leaves Middle East Oil Producers Staggering The surge in US crude oil production is affecting Middle East...

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US Shale Growth & Heavier Truckloads | Weekly News Update

US Shale Output Growth Should Offset OPEC Cuts in 2019 US crude oil production continues to surge and is...

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OPEC Production Dips Despite Surge in Saudi Arabian Output | Weekly News Update

OPEC Oil Production Dips Despite Saudi Arabian Surge In the Organization of Petroleum Exporting Countries (OPEC) Monthly Report, the...

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OPEC Production Cuts & Truck Order Declines | Weekly News Update

OPEC’s Crude Oil Production Agreement The week leading up to the meeting between the Organization of Exporting Countries’ members...

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OPEC Facing Pressure & A New Run on Less | Weekly News Update

OPEC Faces Pressure Before Production Cut Decision Saudi Arabia pumped a record amount of crude oil in November as...

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Oil Demand and Self-Driving Cars | Weekly News Update

IEA Cuts Oil Demand Forecasts The International Energy Agency (IEA) predicts that global crude oil demand will grow at...

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OPEC Production and Truck Orders | Weekly News Update

OPEC Oil Production Last week, multiple news stories broke surrounding the Organization of Petroleum Exporting Countries (OPEC) crude oil...

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