Tag: August

Diesel And Lumber Prices – August 13, 2019

Source: Nick Cunningham, OilPrice.com   Oil prices fell sharply last week. However, rumors that Saudi Arabia will take action to stop prices from falling further was enough to stabilize prices in the short-term. Saudi Arabian energy officials provided no details, but commented that the kingdom is considering “all options” to help bolster oil prices.   …

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August 2018 Jobs Report

The Bureau of Labor Statistics has released its latest jobs report. The unemployment rate held steady in August at 3.9% – the lowest since 2000. The number of unemployed workers – including the long-term unemployed – changed little compared to July. Employment rose in professional and business services, healthcare, wholesale trade, transportation and warehousing, and …

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Diesel, Lumber, And Staffing News – August 28, 2018

        National Average Price Per Gallon: $3.23 Changes to maritime fuel standards are expected to boost the diesel oil market. On January 1, 2020, the International Maritime Organization will enforce new emissions standards for the world’s ships. The move is expected to create an oversupply of high-sulfur fuels as maritime shippers switch …

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Diesel, Lumber, And Staffing News – August 21, 2018

        National Average Price Per Gallon: $3.21 Analysts expect “more volatility” in the oil market. According to Eelco Hoekstra, CEO of Vopak, traders should expect to see “wild swings” in oil prices as a result of U.S. sanctions against Iran. Meanwhile, the International Maritime Organization is set to start enforcing new standards to …

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