IHS Markit now estimates first-quarter global crude oil demand fell year on year by 8 million barrels per day (MM b/d) and second-quarter demand by 20 MM b/d. Recall that IHS Markit noted in early March that first-quarter demand would be the biggest quarterly decline on record, down 3.8 MM b/d, caused by a stir at the OPEC+ meetings in Vienna.
On June 24, DOT’s Pipeline and Hazardous Materials Safety Administration (PHMSA) announced it is extending its enforcement policy regarding training requirements. Specifically, the agency will not take enforcement action against a hazmat offeror or carrier who is unable to provide recurrent training in accordance with the existing hazmat regulations.
Last week, NPGA hosted four webinars featuring Members of Congress as a part of this year’s modified Propane Days. The webinars offered a unique opportunity to hear directly from legislators on the current state of affairs on Capitol Hill, the ongoing COVID-19 pandemic, the political implications of the 2020 elections, and how the propane industry can most effectively advocate during these uncertain times.
Governor Tate Reeves of Mississippi executed an emergency declaration that waives hours of service requirements in response to Tropical Storm Cristobal. The proclamation waives hours of service requirements for the areas affected by the storms and is in effect until the threat to public safety ceases.
Would you like to be a speaker at the industry’s largest trade show? The National Propane Gas Association is accepting education and fast-track session proposals for the 2021 NPGA Southeastern Convention & International Propane Expo taking place Saturday, April 10 – Monday, April 12, 2021 in Atlanta, Georgia.
First came the largest and fastest oil demand collapse in history. Now the largest oil production cut ever is unfolding at light speed and nowhere is production being cut as much as in North America, specifically the U.S. The U.S. crude oil system appeared to be confronted with a significant supply and demand mismatch and the possibility of limited storage, and if crude oil storage is not available, then production will halt.