With the expiration of monthly fuel contracts this week, the market has turned from February futures contracts to March. The transition brought a cooler market, with crude oil dipping down to $76 this week while diesel is trading below $3/gal for the first time since early January. But that slowdown doesn’t give the full picture […]
Natural Gas News – February 3, 2023 US Nat Gas Jumps 9% As Freeport LNG Asks To Start Restart Process U.S. natural gas futures jumped about 9% on Monday from a 19-month low in the prior session on Freeport LNG’s request to begin the restart process for its liquefied natural gas (LNG) export plant in […]
Have you been considering whether to install a bulk storage tank? You could save time, money, and effort by having a bulk tank on hand. This purchase involves more than simply the fuel tank – you’re investing to leverage greater control of your operations. Bulk fuel tanks are large storage containers that can hold fuel […]
Fuel terminals are an important player in the transportation of fuel, moving products to end users. They are considered part of the “midstream” and “downstream” portions of the supply chain. Before we go into the specifics of a fuel terminal, let’s first define what it is. What is a Fuel Terminal? Fuel terminals are facilities […]
Natural Gas News – January 31, 2023 UPDATE 1-U.S. Natgas Jumps 6% in Low Volume Trade Ahead of Contract Expiration U.S. natural gas futures jumped about 6% on Friday from a 20-month low in the prior session as late buying during a low-volume day ahead of the expiration of the February contract caused prices to […]
Analysis by Cassia Paz The Biden administration is taking action to address soot pollution as part of a broader effort to address air pollution and climate change. The Environmental Protection Agency (EPA) has recently proposed to revise the National Ambient Air Quality Standards (NAAQS), tightening the limits on the amount of soot, also known as […]
A scary start to the week may prove uneventful as headlines point to the resilience of crude production across the globe. Key meetings this week will answer questions regarding inflation and production supplies, and winter weather is another concern for the marketplace in the coming days. Drone strikes were reported in Iran over the weekend, […]
It’s been a relatively calm week for oil markets, with some turbulence in pockets of the market, such as diesel prices. Overall, crude oil traded sideways for much of the week, though today’s trading is bringing a sharp dip lower. Most of the news this week has been bullish for oil, with labor strikes in […]
Natural Gas News – January 26, 2023 African countries tap into global gas demand with new floating A floating liquefied natural gas (FLNG) terminal is a mobile platform or vessel used to liquefy and store natural gas from offshore fields. The have begun popping up around Africa, allowing the continent to quickly tap into global […]
Due to technical errors, yesterday’s FUELSNews article was not sent. Please enjoy yesterday’s What Is It article along with today’s newsletter.” Seaborne diesel shipments from the largest foreign supplier to the European Union will be forbidden entirely in less than a week. Approximately 220 million barrels of diesel-like products were imported by the EU from […]
