Natural Gas News- August 11, 2022

August 11, 2022 U.S. Natgas Futures Up 2% on Output Drop, Forecast for More Demand U.S. natural gas futures rose about 2% on Tuesday on a preliminary drop in daily output and forecasts for more demand this week than previously expected due to an increase in pipeline exports to Mexico. That price increase came despite […]

IEA: 4 Oil Trends to Watch for August

The IEA released their Monthly Oil Report for August, which is packed full of headline-worthy news items. Today’s article will unpack some of the key themes: Bullish: Fuel switching is driving “soaring” oil demand for power. As natural gas prices rise and heat waves drive power consumption, more power companies are considering heating oil for […]

What Is It – Diesel Exhaust Fluid (DEF)

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. If diesel is the hero of the transportation fuels world, then […]

Natural Gas News- August 9, 2022

August 9, 2022 European Refiners Try to Optimize Amid Gas Crisis, North Sea Decline Self-help’ measures potentially limit LPG, naphtha sales Europe’s oil refiners are grappling with the combined impact of North Sea decline and rocketing prices for natural gas used in their operations, even as they enjoy higher margins on the back of the […]

EIA: Several Refining Projects Scheduled in Asia and Middle East

There’s been lots of talk among analysts about the lack of refining capacity around the world. In fact, OPEC has asserted that the world isn’t lacking crude oil, but rather the capacity to convert crude oil into usable fuels. While US refining capacity is falling (a topic we covered back in May), global refining capacity […]

Is Gasoline Demand Really Falling?

There’s no question that the economies worldwide face a looming recession. Countries in Europe appear particularly at risk, with severe contractions expected for countries like the UK, Germany, and France. The US has seen GDP fall for two quarters, but a number of indicators point to resilient economic activity. One factor, gasoline demand, has seemingly […]

Week in Review – August 5, 2022

Yesterday, oil prices closed at $88.54, the first time WTI crude has dipped below $90/bbl since two weeks before Russia invaded Ukraine. Diesel is trading at its lowest point since April, while gasoline is at its lowest since late February. Despite the spate of bullish factors on the supply side – a floundering US-Iran nuclear […]

Natural Gas News- August 4, 2022

August 4th, 2022 U.S. Natgas Futures Up 1% On Hotter Forecasts For Next Week U.S. natural gas futures edged up about 1% on Wednesday, on forecasts for hotter weather and more air conditioning demand next week than previously expected. That price increase came despite a rise in output to record highs in recent days. So […]

Gasoline Slump, OPEC+ Snub, and Iran Deal – Catch Up on Fuel Markets

The diesel crisis continues even as gasoline markets are slumping. OPEC+ barely moved to increase its output goal, keeping global markets tight. And the US and Iran are heading back to the negotiation table, following the US tightening sanctions. Let’s unpack the day’s news.   Yesterday, the EIA published its weekly report which showed a headline […]

What Is It Wednesday – The NYMEX

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.   Fuel markets are constantly in flux, reacting to supply and […]

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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