OPEC officially extended their product cuts through the end of 2018, which caused markets to run up initially before a steep sell-off, and now prices are back near where they started. Crude prices gave up 43 cents (0.7%) yesterday in anticipation of the OPEC announcement, and are today struggling to find a direction, having been […]
ALEXANDRIA, Va. – As new high pressure common rail diesel engines have increased their share of the U.S. market, there has been an increase in reports of engine breakdowns and failures presumably related to diesel fuel quality. While some assert a causal versus a coincidental relationship between the two, there has yet to exist a […]
Natural Gas News – November 30, 2017 Georgia to Build Natural Gas Storage, Coal-Fired Power Plant Reuters reported: TBILISI, Nov 29 (Reuters) – Georgia plans to build its first underground natural gas storage facility and construct a coal-fired power plant as part of moves to develop its energy sector. Georgia’s state Oil and Gas Corporation […]
Oil markets managed to eke out some gains yesterday despite trading lower for most of the day. Light volumes have kept prices from gyrating too significantly. Crude picked up a meager 13 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $57.87, 12 cents below yesterday’s close but still a penny […]
As we get closer to the first official day of winter (Dec 21), temperatures across the country are beginning to get chilly. As we approach winter, forecasts of expected temperatures grow clearer, giving diesel-consuming fleets a better outlook of how to prepare for the winter. As all experienced diesel users know, diesel fuel gels at […]
Natural Gas News – November 29, 2017 US Supreme Court Rejects West Virginia Natural Gas Case The Seattle Times reported: HARLESTON, W.Va. (AP) — The U.S. Supreme Court has rejected landowners’ request to review the ruling by West Virginia’s highest court concluding natural gas companies can deduct post-production costs from the royalties paid landowners for […]
Natural Gas News – November 28, 2017 NYMEX December Gas Settles at $2.928/MMBtu on Changing Forecasts Platts reported: A bullish weather forecast for much of the US provided a boost for gas futures coming out of the four-day Thanksgiving holiday, with NYMEX December settling Monday at $2.928/MMBtu, up 11.5 cents from Friday’s close. At the […]
Markets are on the downward trek this morning thanks to news yesterday evening that the Keystone pipeline will resume activities today, once more allowing fuel to flow from Canada to Oklahoma and Illinois. WTI crude prices have responded by falling 25 cents overnight, and continuing declines today. The bearish news comes after WTI crude had […]
Source: FUELSNews Editorial Team Note: The FN360°, delayed by the extreme supply conditions during Hurricanes Harvey and Irma, will be released soon. We’re excited to provide you a summary of market conditions during Q3: How Harvey & Irma disrupted the fuel supply chain Why prices in the Northeast have been so low relative to national […]
Prices are losing steam this morning after hitting new annual highs on Friday, with WTI crude at one point peaking above $59. On Wednesday, prices opened at $57.12, and gained 90 cents to close above $58. The Thanksgiving holiday was not enough to slow down markets, and prices ended Friday at $58.95, a gain of […]
