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U.S. Raises Safety Bar For Crude Oil Transported By Rail
Monday, February 18, 2019 - 12:50pm | 606Competition between rail and truck for crude oil shipments may soon be heating up with the issuance of costlier new railroad reporting requirements. A final rule issued on February 14 by the Pipeline and Hazardous Materials Safety Administration (PHMSA), an agency of the U.S. Department of...
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FreightWaves Oil Report: Data In Two Reports Lays Out The Case For A Stronger Market
Monday, February 18, 2019 - 12:46pm | 1397The basis for a turn in the oil markets was laid out in two monthly reports released this past week. Both of them are closely watched documents, one of them coming from OPEC and the other released by the International Energy Agency (IEA). What they showed was that cuts in oil production made by...
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FreightWaves Oil Report: The Bulls And The Bears Are Offsetting Each Other
Monday, February 11, 2019 - 1:27pm | 1305A weekly look at what occurred in the oil markets of the U.S. and the world this past week. The price of oil has been locked in a seesaw for a month. Since West Texas Intermediate (WTI) crude moved above the $50/barrel (b) level on January 9 (which marked a roughly $10 increase from the recent...