OPEC will hold back a total of roughly 1.7 million barrels a day from global oil markets, deepening the…
OPEC will hold back a total of roughly 1.7 million barrels a day from global oil markets, deepening the current curb of 1.2 million barrels a day. The move came after Saudi Arabia threatened to boost oil production unilaterally if some OPEC nations continued failing to comply with the group’s output curbs. This means: Diesel prices will continue to rise!
This expands an opening for some interesting technology to move trailers in the yard: Firefly offers spotting using an electric dock switcher (aka spotting horse, aka hostler, aka dock potter). Seems to payout well in high cost/high subsidy locations like California – can run most of the day and eliminate diesel smoke in the warehouse.
