Natural Gas News – January 26, 2023 African countries tap into global gas demand with new floating A floating liquefied natural gas (FLNG) terminal is a mobile platform or vessel used to liquefy and store natural gas from offshore fields. The have begun popping up around Africa, allowing the continent to quickly tap into global […]
Due to technical errors, yesterday’s FUELSNews article was not sent. Please enjoy yesterday’s What Is It article along with today’s newsletter.” Seaborne diesel shipments from the largest foreign supplier to the European Union will be forbidden entirely in less than a week. Approximately 220 million barrels of diesel-like products were imported by the EU from […]
Fuel truck, oil tanker, petroleum tanker, tanker truck – we have heard it all. But just because you work in the fuel industry does not mean that you know what a fuel truck is or exactly what it is capable of. For today’s “What Is It” series, we are going to be discussing fuel trucks, […]
Natural Gas News – January 24, 2023 Natural Gas Prices Jump 10% In Early Trading Natural gas prices have started the week with a gain of over 10 percent, but the recent trends in the price have concerned some in the U.S. gas industry. Last week, prices shed 7.17 percent, extending a streak of weekly […]
Analysis by Cassia Paz Although the price of fuel has fallen over the past few months, you may still be feeling some pain at the pump. Although prices are below their 2022 peak, they remain elevated compared to some of the prices seen in the past 5 years. Even though we are not pleased with […]
Amid renewable fuel switching and improving vehicle efficiency, the EIA is forecasting declines in gasoline demand not only for this year but also for next year. The declining forecast begs the question of whether US gasoline consumption has peaked, and a surprise slowdown last year indicates that demand may never return to pre-Covid levels. But […]
Oil prices are trending a bit higher this week, with oil closing above $80/bbl for the first time in the new year on Tuesday and Thursday. Monday was a market holiday, but prices have seen plenty of movement the rest of the week. China’s economy continues reopening, prompting the International Energy Agency to forecast a […]
Analysis by Sydney Casey Kerosene, also known as paraffin or lamp oil, is a clear, colorless liquid that is derived from petroleum. It is commonly used as a fuel for lamps and small engines, as well as for heating and cooking in some parts of the world. Kerosene has a high flash point, which means […]
NATURAL GAS NEWS – January 19, 2023 EIA: Soaring Production Will Keep Natural Gas Prices Continued increases in U.S. dry natural gas production are expected to outpace domestic demand and exports this year and in 2024 according to the EIA Continued increases in U.S. dry natural gas production are expected to outpace domestic demand and […]
Headlines lately have centered around scares of an impending recession due to the weakening US dollar amid other economic factors. The Bureau of Labor Statistics recently released data stating that the US added 223,000 jobs in December, which is evidence that a recession is not as near as some may think. Only 5,000 jobs in […]
