Filed in Oil
Thursday, March 29, 2012
For logistics managers, it’s important to understand what surplus oil production capacity means to oil and fuel prices—and, therefore, your bottom line.
Thursday, February 23, 2012
The increase in shale gas extraction projects is triggering spectacular growth in North American drilling projects. But with this growth comes transportation challenges, as suppliers of pipe, chemicals, drilling equipment, and other materials must get products to and from an expanding number of energy sites, many in remote locations.
Wednesday, February 01, 2012
Rare is the news day that passes without mention of the proposed Keystone XL (KXL) pipeline. In fact, just as I was about to send this article to the Logistics Management editors, news broke that President Obama rejected the proposed route for the KXL. Of course, this is not the last we will hear of the project. The route will be revised and resubmitted for review, and we will soon revisit the issues surrounding the KXL.
Thursday, December 01, 2011
Driven by the boom in shale oil production from the Bakken formation that straddles the Montana/North Dakota border, U.S. oil production has climbed steadily since 2008 after declining for 22 of the previous 23 years. This fact alone might lead logistics professionals to the conclusion that price relief is just around the corner. Well, it isn’t.
Wednesday, November 16, 2011
Diesel prices were up a full dime, with the price per gallon hitting $3.987.
Saturday, October 01, 2011
Many believe that high or rapidly rising oil prices cause recessions; but in turn, during a recession, industrial production and demand for transportation decline. Consequently, the price for oil and fuel falls, and as it declines, the economy is stimulated.
Tuesday, September 20, 2011
This follows a 0.6 cent decline last week, which was preceded by a 5.8 cent gain over the previous two weeks.
Tuesday, September 13, 2011
Following two weeks in increasing prices after a month of declines, diesel prices dipped 0.6 cents to $3.862 per gallon, according to the Department of Energy’s Energy Information Administration.
Wednesday, September 07, 2011
Diesel prices were up for the second straight week following a month of declining prices, increasing 4.8 cents to $3.868 per gallon, according to the Department of Energy’s Energy Information Administration.
Tuesday, August 02, 2011
Following a cumulative 9.9 cent gain over the previous three weeks, the Department of Energy’s Energy Information Administration (EIA) reported this week that the price per gallon of diesel dropped 1.2 cents to $3.937.
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