President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela but concerns about retaliation by China could temper any efforts. Rubio, a longtime member of the Senate Foreign Relations Committee, has long pushed for a tougher U.S. policy on Iran and
Energy Market Update – November 14, 2024 Read More »
Energy UpdateThe Biden administration plans to acquire an additional 3 million barrels of sour crude oil for the Strategic Petroleum Reserve (SPR), as announced by the Department of Energy (DOE). Bids for the oil, which is to be delivered to Texas’s Bryan Mound site between April and May, are due by November 6, with a price
Energy Market Update – October 30, 2024 Read More »
Energy, Energy UpdateThe International Energy Agency (IEA) reported that the world oil market is expected to face a significant surplus in the new year, with public stocks exceeding 1.2 billion barrels and OPEC+ spare capacity at historic highs. The agency reassured markets that it stands ready to address any potential supply disruptions from Iran. Despite recent price
Energy Market Update – October 17, 2024 Read More »
Energy UpdateConsumer confidence took an unexpected hit for September, dropping the most it has in three years. The index fell by 6.9 points to 98.7, which is the biggest drop since August 2021. Expectations for the next six months sunk to 81.7, and the view of current conditions fell to 124.3. The drops are mainly due
Energy Market Update – September 25, 2024 Read More »
Energy Update
The Power of Cover Crops: Enhancing Our Soil Health and Farm Sustainability At NuWay-K&H Cooperative, we’re committed to helping you improve soil health, enhance water management, and reduce erosion through the use of cover crops. By planting cover crops in the off-season, we can work together to maintain living roots in your soil year-round, aligning
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Agronomy, Uncategorized
At NuWay-K&H Cooperative, everything we do is focused on providing you with the best possible experience. There are seven guiding principles that help us achieve this. Two of which are: Cooperation Among Cooperatives and Concern for Community. Principle #6 – Cooperation Among Cooperatives We’re Stronger Together When cooperatives like ours collaborate with other industry partners,
How We’re Building a Stronger Community Together Read More »
CommunityThere have been several oilfields across Libya that have halted output. This is due to a dispute between rival government factions over control of the Central Bank and oil revenue. This has halted about 400,000 barrels per day of oil output. This would give a bullish tone to the market but, OPEC+ is scheduled to
Energy Market Update – August 28, 2024 Read More »
Energy Update
Efficient fuel management is essential in agriculture and rural businesses. NuWay-K&H Cooperative offers an automated fuel delivery system to simplify fuel management for its members. This system uses advanced technology to ensure a continuous fuel supply, reducing the need for manual monitoring and ordering. What is Automated Fuel Delivery? Automated fuel delivery is a service
Enhance Your Fuel Management with NuWay-K&H Cooperative’s Automated Fuel Delivery System Read More »
EnergyOPEC+ is going to have a meeting on Thursday, August 1st to discuss their current production cuts. Oil prices were down 9% this month while OPEC+ is currently cutting output by 5.86 million barrels per day. This is just under the 6% of the global demand. In June of 2024 OPEC+ agreed to extend cuts
Energy Market Update – July 31, 2024 Read More »
Energy Update
Jeff Crissinger, VP of Agronomy sales / Marketing Jeff.Crissinger@NuWay-KandH.com if you have read any of the newsletters between March 2023 and now, you will know that I have been focusing on conservation and sustainability topics. My topics ranged from sustainability as it relates to the beginning of a change in future mindset, to carbon intensity
Conservation Agronomist to Join Staff Read More »
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