Afternoon Coffee: US To Export Oil to Mexico, Congress Extends Train PTC Deadline

The U.S. will begin export crude oil to Mexico under an agreement with Mexico’s state-owned oil company Petroleos Mexicanos. The company can import up to 75,000 barrels a day of U.S. crude over the next year.  

Railroad companies got a three-year extension on the deadline to install mandatory safety technology called positive train control, which is aimed at preventing train crashes. The original deadline was Dec. 31, but the railroad industry had been saying for a while that deadline was not realistic.

The US GDP grew 1.5% in the third quarter, down from the 3.9% growth in the second quarter of the year. Companies cutting spending and reducing inventories between July and September contributed to the slow down.

The global supply chain analytics market is expected to reach $2.34 billion this year, and grow at a compound annual growth rate of 16.95%, reaching $8.19 billion by 2022, a new report stated.

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