by Jim Donohue | Dec 1, 2023 | Economy
As specialty oil suppliers, we’re often asked where we see the oil market going. Indeed, our eye is always on the WTI (West Texas Intermediate) ticker. We monitor a lot of analyst buzz. However, the more you pay attention to the experts, the more you see how far...
by jim newell | Jan 17, 2023 | Economy, Supplier News
When your base oil supplier makes a pricing adjustment, what drives this change? It would be nice if the answer to this question was a simple summary of a few common reasons. But in reality, there are hundreds of factors that drive oil pricing changes, starting at the...
by jim newell | Nov 15, 2022 | Economy, Renkert News
A chain is only as strong as its weakest link, and your business is only as good as your raw materials supply chain. Principles from specialty oil supply logistics can strengthen it. Some of the following tips are specific to liquid raw material transportation. But...
by jim newell | Jul 15, 2022 | Economy, Supplier News
Early in the second quarter of 2022, we examined where oil prices might be headed and the downstream effects on specialty oil suppliers and customers. It appears we have good news. To briefly recap where we’ve been: Crude oil prices increased by nearly 60% throughout...
by jim newell | Jul 1, 2022 | Renkert News, Supply Security
As containers continue to be in short supply, logistics professionals are eager to find new container solutions. It’s a problem that has only become more challenging to address since the start of the pandemic. First, the slowing of global trade and subsequent ramp-up...
