Industry blasts, media headlines, and more are throwing around the term “diesel shortage” to describe the current diesel market situation. Fuel buyers must make sure their business has enough fuel in the ground to keep their operations running – so what needs to change going forward? Today, we’ll be looking at the diesel shortage and […]
Last spring, diesel markets faced upheaval as inventories plummeted and supply shortages took hold along the East Coast. Over the summer, conditions cooled off a bit, allowing prices to fall back to more comfortable levels. The past two weeks have shown that fall and winter could face more intermittent supply challenges, along with higher prices. […]
If you follow oil markets even tangentially, you’ve likely heard that diesel inventories in the US are now at the lowest level since 2008, with just 25 diesel days of supply left. That’s significant because diesel is the fuel that drives the global economy – powering trucks, construction equipment, generators, heaters, and more. A sudden […]
Every fuel market in the US is unique, with it’s own supply and demand trends. Yet markets in close proximity to one another tend to share similar characteristics. The government groups similar markets into five PADDs, with each one showing unique fuel supply and demand dynamics. By understanding each market in more detail, we can […]
Depending on where you live in the world, you might have one of two radically different views of oil markets. Yesterday, the Executive Director of the International Energy Agency, Fatih Birol, warned that the world may be facing the “first truly global energy crisis.” He added that recent OPEC supply cuts are “especially risky” given […]
East Coast fuel markets are facing diesel supply constraints due to market economics and tight inventories. Poor pipeline shipping economics and historically low diesel inventories are combining to cause shortages in various markets throughout the Southeast. These have been occurring sporadically, with areas like Tennessee seeing particularly acute challenges. Diesel fuel critical to your business? […]
Oil markets continue facing uneven trading, with crude oil trading sideways while diesel prices are up 10 cents per gallon. The market situation has been described by Goldman Sachs this way: “Commodities remain stuck between a strong micro, weak macro and poor liquidity.” While fuel markets (the “strong micro”) are extremely tight, the broader market’s […]
Natural Gas News – October 21, 2022 Biden taps oil reserve in an attempt to curb gas prices President Biden announced on Wednesday that he is authorizing the release of more oil from the Strategic Petroleum Reserve in December in an effort to bring down gas prices. Why it matters: The move comes at the […]
Fuel markets have been fairly sideways this week, with some big swings up and down but no major trends. That is, except for diesel, which fell 40 cents this week during 4 straight daily losses. There were three big items in the headlines this week: China’s economy is looking a bit stronger. The country chose […]
With oil prices still stubbornly high, Washington is running out of solutions for lowering prices. Yesterday, President Biden announced another release of 15 million barrels from the Strategic Petroleum Reserve, adding that more releases could follow “if needed.” The release comes in the aftermath of OPEC+’s announced 2 MMbpd cuts in November, which analysts expect […]
