Russian Oil Is Still Flowing – What an EU Ban Could Mean for Fuel Prices

There’s been a lot of confusion lately about Russian oil production. On one hand, the US and the UK banned imports of Russian oil, and the EU keeps talking about their own ban. On the other hand, these bans have been less restrictive than, say, the sanctions against Iran and Venezuela. Countries outside the Western […]

Week in Review – May 27, 2022

Headlines this week included ongoing supply chain tightness, some methods the White House thinks will lower fuel costs, understanding the SPR, and a look ahead to Memorial Day. Summer is nearly here, which means travel is going to pick back up. With fuel supplies stretched thin and gasoline inventories sinking, it’s looking like this summer […]

Mid-Week Review – May 25, 2022

Oil edges higher on tight supply and expected demand uplift Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose for a fifth session running, gaining 70 cents, or 0.6%, […]

What Is the SPR? Exploring US Emergency Oil Supply

Analysis by Alan Apthorp The Strategic Petroleum Reserve (SPR) has come up as an important subject since the beginning of the Russia-Ukraine invasion. Founded in 1982 with just over 250 million barrels, the reserve has been used throughout modern history to offset severe volatility and keep prices lower. Storage was maxed out in the 2008-2010 […]

White House Considers 2 Actions to Improve Fuel Prices

With summer demand approaching and prices still elevated, politicians are scrambling to find new levers to pull to alleviate fuel costs. Over the past week, two considerations have come to light that may offer some small relief. According to a CNN report, President Biden is considering a release from the Northeast Home Heating Oil Reserve, […]

Supply Remains Tight as Driving Season Nears

This morning crude prices are up as the market prepares for the incoming driving season. Summer is nearly here, which means travel is going to pick back up. With fuel supplies stretched thin and gasoline inventories sinking, it’s looking like this summer could see significantly higher fuel prices. Memorial Day typically marks the beginning of […]

Where Did All the Fuel Go?

Diesel inventories have fallen to historic lows, and this week’s meager gain in diesel stocks doesn’t undo months of declining supplies. Fuel prices are at historic levels, trading at hefty premiums above already elevated crude costs. Those premiums, called “crack spreads”, should incentivize refiners to produce more fuel. Indeed, refiners have been producing at over […]

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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