Welcome to our continuing Wednesday FUELSNews series: “What Is It?” Each week, we’ll pick a fuel industry topic to explain, so you can learn more about the market and what drives it. Want to suggest a topic? Email the author, Alan Apthorp, at aapthorp@mansfieldoil.com. Thank you for the great suggestions so far – we’ll be […]
Yesterday, crude prices rose to their highest level in a month. Oil traders continued digesting news that OPEC could slash oil production to offset new barrels flowing from Iran. Saudi Arabia has hinted at the possibility of the group cutting output at its upcoming Sept 5 meeting. As OPEC is discussing production cuts, the head […]
After rocketing up to $4/gal last week (a $.50 gain over two weeks), diesel prices are settling a bit lower this morning, though there’s plenty of room for continued supply concern. Though prices are down, that doesn’t mean that supplies are improving. Even this week, there are several challenges that fuel markets must overcome heading […]
By: Andy Milton Happy Friday everyone! For those that don’t know me, I’m Andy Milton, SVP of Supply at Mansfield. I’m pinch hitting today on FUELSNews and I want to call out a couple of important market indicators. First, the graphic below shows the history and the forward market structure for gasoline and diesel futures. […]
Natural Gas News – August 25, 2022 Firms make deals to boost LNG exports 60% from U.S., Canada, Mexico North American liquefied natural gas (LNG) developers and producers this year have struck deals to sell 48 million tonnes of LNG, which will eventually pump up exports 60% from current levels, although much of the output […]
As oil flows are re-routed around the world, America is shaping up to be one of the big winners. Exports last week hit a new record above 11 million barrels per day for crude and refined products, with increased shipments heading to Asia and Europe to fill Russia’s gap. Of that, 4 million barrels per […]
Welcome to our continuing FUELSNews series: What Is It Wednesday. Each week, we’ll pick a fuel industry topic to explain, so you can learn more about the market and what drives it. Want to suggest a topic? Email the author, Alan Apthorp, at aapthorp@mansfieldoil.com. When evaluating oil markets, there are a few different ways […]
Last week, Mansfield’s SVP of Supply Andy Milton presented at the DeliveryONE Expo & Conference on the latest trends in the fuel industry. Among some of the key highlights: Recent Fuel Market Trends Latest Impacts of Russian Sanctions Supply & Demand Fundamentals East Coast Diesel Challenges Bank Forecast of 2023 Fuel Prices Click here to […]
Earlier this year, the East Coast experienced incredibly severe diesel supply tightness caused by rising exports and steep market backwardation. Looking ahead, this winter could bring a resurgence of volatility for myriad reasons. Today, we’ll explore what might happen to diesel supply this winter. First, let’s recap what happened earlier this year. In April and […]
This week has been a mixed bag for oil markets, with no clear direction emerging during the week. The “will they, won’t they” of the Iran Nuclear Deal kept traders on their toes. A deal would allow roughly one million barrels of Iranian oil to reach global markets by the end of this year, before […]
