Post Tagged with: "OPEC"

World glut of surplus oil stocks – good news and bad news for global supply chains

World glut of surplus oil stocks – good news and bad news for global supply chains

According to recent reports, because of the glut in oil supplies, the world is beginning to exhaust its storage facilities and may soon even fill up the offshore tanker storage space, increasing the chances of a sudden plunge in the prices of crude oil in the near future. On the one hand this could further reduce shipping costs in many […]

by · December 4, 2015 · Transportation
The effects of falling oil prices on the green supply chain

The effects of falling oil prices on the green supply chain

The green supply chain has never seen the oil industry as being comfortable bedfellows, but they do have some the same goals in mind albeit for different reasons. On one side of the coin you have the fact that the green supply chain is all about conserving energy by reducing the size of the world’s global carbon footprint.  On the […]

by · December 27, 2014 · Distribution, Logistics, Transportation
Falling oil prices a welcome relief to supply chain transportation costs and transportation service providers

Falling oil prices a welcome relief to supply chain transportation costs and transportation service providers

As oil prices continue to slide, Supply Chain Station takes a look at the latest situation and reviews how it will impact on global transportation costs WTI Crude dips below $60 per barrel The oil price is continuing to slide with the news that the price for West Texas Intermediate (WTI) has just dipped below the $60 per barrel rate […]

by · December 12, 2014 · Logistics, Transportation