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First Nations Group, Canadian Officials Reach Unspecified Deal On Pipeline
Monday, March 2, 2020 - 11:39am | 738After three days of negotiations, the hereditary chiefs of the Wet'suwet'en and Canadian government officials have reached a tentative agreement on how to proceed with Coastal GasLink's project to construct a fracked-gas pipeline on Wet'suwet'en territory in northern British Columbia, according to...
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Putting More Refineries Under Federal Ethanol Rule Could Impact Rails, Trucking
Friday, February 28, 2020 - 10:06am | 1056Details are skimpy at this point, but a lot more refiners are going to need to account for ethanol somehow in their operations The most recent shift in the Trump administration's policy on biofuels, particularly ethanol, is likely to have an impact in the transportation sector both on the rails...
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Big Oil Price Jump Predicted By Report If Fracking Ends In US
Wednesday, February 26, 2020 - 11:27am | 1242With the gains that Sen. Bernie Sanders has made in the race to be the Democratic nominee for president, and with Sen. Elizabeth Warren still in the race, a question coming into greater focus is: What happens if the U.S. bans fracking? The issue has arisen enough that a panelist on last week's...
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Weekly Fuel Report: February 25, 2020
Tuesday, February 25, 2020 - 11:50am | 27Image Sourced from Pixabay
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Canadian Rail Line Blockades "Need To Come Down Now," Trudeau Says
Monday, February 24, 2020 - 10:07am | 523Canadian Prime Minister Justin Trudeau called for an immediate end to the rail blockades that have caused serious disruptions to the country's supply chains for more than two weeks, calling them "unacceptable and untenable." "The barricades need to come down now," Trudeau told reporters during a...
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FCL Commits To Helping Fuel-Haulers Caught In The Middle Of Strike
Thursday, February 20, 2020 - 6:06pm | 689Federated Co-operatives Limited (FCL) announced yesterday that it is "committed to providing financial relief to all of the independent lease-operated truckers contracted by FCL whose livelihoods have been negatively impacted by Unifor's illegal blockades of the Co-op Refinery Complex (CRC) and...
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Today's Pickup: Shell Expects To See LNG Demand Double By 2040
Thursday, February 20, 2020 - 1:32pm | 602Good day, In its annual LNG Outlook report, Shell stated that the worldwide demand for liquefied natural gas (LNG) has shot up by 12.5% to touch 359 million tons in 2019. The oil major expects to see demand double by 2040 because LNG is playing a growing role in shaping a lower-carbon energy...
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Canada's Supply Chain And Leaders Grapple With Rail Blockades
Wednesday, February 19, 2020 - 3:17pm | 1590Protesters' efforts to block freight rail traffic in Canada in support of a First Nations group's objections over a proposed natural gas pipeline have caused ripples throughout the Commonwealth's supply chain, including temporary layoffs at Canadian National (NYSE: CNI) and increased congestion at...
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Today's Pickup: Canadian Trucking Industry Group Warns Of Pipeline Protest Impact
Wednesday, February 19, 2020 - 1:23pm | 729Good day, The anti-pipeline protests that have disrupted key Canadian National rail lines in Canada aren't a good thing for the trucking industry even if some carriers see a temporary spike in volumes. "When the railways suffer disruption in service, it impacts everyone in the economy including...
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Weekly Fuel Report: February 19, 2020
Wednesday, February 19, 2020 - 1:12pm | 27Image Sourced from Pixabay
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Global Commodities Forecast For 2020
Tuesday, February 18, 2020 - 3:24pm | 971While experts are somewhat cautious in their estimations, we can now get a better sense of how gold, oil and copper may perform in the new year, while also contemplating how data from 2019 can help form expectations around commodity trading in the new year. The Nature Of Commodity Trading...
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Analyst Reports Little Chance Of A Near-Term Recovery In Diesel
Monday, February 17, 2020 - 3:12pm | 1062In a just-released report loaded with good news for anybody consuming diesel fuel, a leading energy research company sees the diesel market staying weak well after taking a hit from the ongoing coronavirus scare. The coronavirus outbreak has particularly weakened diesel prices, in part because of...
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It's Been 10 Years Since There's Been An Oil Market Like This: IEA
Friday, February 14, 2020 - 9:52am | 865Oil markets this quarter are going to do something they haven't done in more than 10 years. That's the forecast of the International Energy Agency (IEA), a multination group of mostly consuming nations with a monthly report that is watched closely for supply-and-demand trends. And what the IEA...
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Drilling Deep: Looking Into The Future For Diesel Prices
Thursday, February 13, 2020 - 3:06pm | 145How would you like to know today what the price of something is going to be tomorrow? That's what FreightWaves has launched with its predictive model on wholesale diesel prices. On this week's "Drilling Deep" podcast, host John Kingston speaks with DTN's Scott Susich, who has worked with...
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Today's Pickup: Oil Demand Growth Forecast Cut Over Coronavirus Outbreak In China
Thursday, February 13, 2020 - 3:02pm | 652Good day, In the wake of the coronavirus breakout in China, OPEC has cut its oil demand growth forecast by 230,000 barrels per day (bpd) from last month's estimate. It now expects global oil demand growth at 990,000 bpd, citing the havoc the coronavirus has had over industrial activity and people...