New announcement cites increase of up to 9% on select products beginning Nov. 4 As costs associated with production and transportation of base oils and lubricants continue to climb, additive manufacturers have now announced an increase of up to 9% on select products beginning Nov. 4, 2021. It’s important to... Read More +
Prices Linger at 7-Year High as Foreign Oil Manufacturers Hold Reins on Supply In the face of continually rising gas prices throughout the United States and a push for his $1.2 trillion infrastructure bill prioritizing clean energy, President Joe Biden called on OPEC+ leaders in July to increase oil production... Read More +
What You Need to Know to Stay Prepared in the Face of Unpredictibility While questions surrounding weekend drone attacks on a Saudi Arabian oil facility and a nearby oil field continue to arise, there’s one fact that remains relatively unquestioned: the destruction of one of the world’s largest processors of... Read More +
Leer en EspañolHow OPEC Impacts the Cost of US Goods and Services American mathematician, meteorologist and the pioneer of chaos theory, Edward Lorenz coined the phrase the “butterfly effect” in 1969, which suggests that small perturbations, changes and causes in one location may have large effects and impacts in an entirely different... Read More +
Leer en Español