FUELSNews Storm Alert – Hurricane Harvey – CODE RED

Mansfield and the FUELSNews team’s thoughts are with those affected by Tropical Storm Harvey. After making landfall on Friday, Harvey continues to ravage the Gulf Coast, with estimated rainfalls nearing 30 inches in some areas of Texas. Baytown, TX has experienced some of the heaviest rain, receiving 34.36 inches of rain as of this morning. […]

Today’s Market Trend

Crude prices remained relatively flat over the weekend despite the volatility from Harvey. On Friday, prices rose a meager $.25, and today they’ve given up that and a bit more. Prices are currently $47.60, a $.27 loss from yesterday’s closing price. Refined products are significantly higher this morning as a significant portion of Gulf Coast […]

Weekend Summary

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.   Oil Markets Roiled as Harvey Hits U.S. Petroleum Industry All eyes are on Harvey this week, as the storm affects the nation’s hub of production and oil activity – Texas. The most powerful storm […]

Nat Gas News – August 28, 2017

Nat Gas News – August 28, 2017 Feds Okay $2 Billion Natural Gas Line from Columbiana County Ohio to Michigan WFMJ reported: The Federal Energy Regulatory Commission on Friday gave the green light to a plan by Nexus Gas Transmission LLC to construct the 36-inch diameter underground pipeline that would carry natural gas products from […]

U.S. Gasoline Production is Running Near Record Levels

Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production well above its five-year average and close to the top of its five-year range. U.S. gasoline inventories also remain relatively high despite growing domestic and foreign demand. Growth in U.S. gasoline […]

Today’s Market Trend

Crude prices are $47.57 this morning, up $.16 (.34%) from yesterday’s close. Prices lost 93 cents yesterday, but have recouped some of the yesterday’s 2% losses this morning. Crude prices have remained mostly stable this week, with only $1.72 between the high and low of the week. Refined products are continuing to strengthen this morning […]

Nat Gas News – August 25, 2017

Nat Gas News – August 25, 2017 Hurricane Harvey Strengthens to Category 2 as Texas Prepares for Onslaught The Chicago Tribune reported: Harvey continued to intensify as it steered for the Texas coast, with the forecasters saying early Friday that it had strengthened to a Category 2 storm. The hurricane with the potential for up […]

Today’s Market Trend

Crude prices are down to $48.00 this morning after making slight gains yesterday and opening this morning at $48.36. Crude prices have fallen 41 cents (-.85%) since closing yesterday at $48.41. Crude prices weaken despite the relatively constructive EIA U.S. inventory report published Wednesday. Refined products strengthened yesterday and this morning following the EIA report. […]

NBB Fair Trade Coalition Succeeds in Latest Stage of Biodiesel Import Case

Editor’s Note: The Commerce Department recently ruled that Argentina and Indonesia are illegally subsidizing their biodiesel imports. As these two nations are leading providers of biodiesel to the U.S., the decision is a win for domestic biodiesel manufacturers, but will also increase the price of biodiesel. To read more about the impacts of this measure, […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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