Total petroleum deliveries in November rose to 19.9 million barrels per day. This was the strongest November monthly demand since 2007. Cumulatively through the first 11 months of the 2017, total domestic petroleum deliveries rose by 0.9 percent, which exceeded demand growth in 2016 despite higher prices. “With sustained strength in the U.S. and global…
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Teetering or Tottering
Have you ever watched kids playing on a teeter-totter? Who is having more fun—the kid going up or the one going down? Or perhaps more importantly, which kid has greater influence over up vs down? I suggest you could ask the same thing about the oil market—who likes prices going down, who likes them…
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Hurricane Harvey: When fuel saves lives
The Fuel Relief Fund has given away over 5,000 gallons of free fuel to those most affected by Hurricane Harvey. When a natural disaster such as Hurricane Harvey occurs, fuel becomes one of the most essential commodities, in many cases allowing people to flee and save their lives. During the first moments after such a…
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USA: Amazon provides new threat to city c-stores
Amazon's latest challenge to the convenience store industry is a new service that allows customers to buy online and pick up in a matter of minutes. The online retailing giant has rolled out five fully staffed pickup locations across the U.S. Instant Pickup gives Amazon Prime and Prime Student users the chance to order products…
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