Category: Diesel and Lumber

Diesel And Lumber Prices – July 2, 2019

Source: Sam Meredith, CNBC   Russia and other non-OPEC oil-producing countries announced oil supply cuts today. The move, which will last nine months, is designed to strengthen oil prices as the global economy weakens. OPEC has also agreed to extend production cuts. On Monday, the group announced it will cut oil production through March 2020. …

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Diesel And Lumber Prices – June 11, 2019

Sam Meredith, CNBC   Fears of an economic downturn have started to impact oil consumption. As a result, Brent and U.S. West Texas Intermediate crude futures have fallen almost 20% after reaching their 2019 peaks this spring. “Uncertainty and volatility are set to prevail, and the immediate price outlook remains anything but clear,” said Tamas …

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Diesel And Lumber Prices – May 21, 2019

Source: Huileng Tan, CNBC Oil prices jumped this week after the Saudi Energy Minister indicated that OPEC will continue to limit supply. The energy minister’s comments come after OPEC and its allied oil-producing countries agreed to reduce output by 1.2 million barrels per day for six months starting on January 1, 2019. Analysts also expect Iranian …

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