Possibly the greatest investor of all time, Warren Buffet, is famous for his line: Be greedy when others are fearful, and fearful when others are greedy. With Omicron causing a panic and a 30+ cent dip, now may be a great time to consider locking in a fixed fuel contract while the market is fearful. […]
NATURAL GAS NEWS – November 30, 2021 What Happens If Europe Runs Out Of Gas? The real test of Europe’s energy supply is here. As temperatures have started dropping on the continent in recent days, power prices spiked again, and the natural gas shortage could worsen in case the winter is colder than usual. There […]
Friday was one of the most volatile trading sessions since the peak of the pandemic, and it seems appropriate that the major concern was the new Omicron COVID variant. Crude prices moved by an astounding $10 per barrel (-12.8%), while fuel prices sank nearly 30 cents per gallon. Today, markets have recovered roughly half of […]
Starting off the week we saw oil prices decrease on new expectations of increasing energy supplies. With United Nations talks ending on Saturday, news circulated of a deal pinning global warming heavily on fossil fuels. The two-week meeting in Scotland focused specifically on climate change, and several sessions focused on how to curb emissions enough […]
FUELSNews will return on November 29 after the holiday week. From all of us at Mansfield, we wish you and yours a healthy and happy Thanksgiving! Fuel prices are tanking this morning, as both supply and demand seem to be moving in bearish directions. Despite this week’s inventory report showing tight supply, the near-term outlook […]
It’s fairly common for politics to influence oil prices, but it’s a bit less often that oil prices so directly effect politics. We’ve written extensively lately about the impact that high oil prices are having on the Biden administration and what (limited) control the US government has over fuel costs. With that said, the federal government seems […]
After picking up a bit of steam yesterday, oil prices are settling lower once again this morning. With the exception of Nov 4, when prices sank to $78/bbl, prices have been trading steadily in the $80-$85 range for over a month – a pattern that would have been unbelievable at the beginning of the year. […]
President Biden Faces Few Options To Lower Oil Prices Without OPEC President Biden has limited options to counter OPEC-plus ignoring White House pleas to produce more oil and soften the price rally. Some strategies, like releasing oil from strategic reserves, could even backfire and further lift prices. The administration says all options are on the […]
The oil price rally has been relentless, but in their recent monthly report, the IEA noted that the tides may be turning. Their report notes, “The world oil market remains tight by all measures, but a reprieve from the price rally could be on the horizon.” Although demand is rising quickly, oil supplies have been […]
This morning, oil prices decreased on new expectations of increasing energy supplies, as natural gas and coal producers respond to rising energy prices the winter. With the UN ending their climate talks in Scotland and COVID-19 cases rising around the country, the market is shaken up. WTI crude fell over $0.96, or just over 1%. […]
