Oil prices are red across the board this morning, which is typical after a big rally. After surging above $80 on Monday, headlines have been abuzz with concerns of demand destruction and inflation. With so much focus on rapid price growth, how can fuel buyers control costs…and even use rising prices to their advantage? In […]
With US crude oil closing above $80/bbl for the first time since 2014, sentiments are shifting against the alliance of 14 oil-producing countries – known as OPEC+ – keeping the brake on output. The White House has been calling on OPEC+ to increase supply for months, and many new headlines and analysts are joining the […]
Fuel prices are recovering a bit this morning following yesterday’s 7-year high. Traders are closing out positions to cash in their gains, an action known as profit-taking. At the same time, last week’s filing from the Securities Exchange Commission (SEC), which tracks commodity market trading activity, showed that hedge funds and other institutional investors are […]
Oil markets are experiencing some explosive growth this morning following news that OPEC is sticking to its current output strategy. Both diesel and crude oil are trading at 7-year highs, while gasoline trades close to multi-year highs. Post-pandemic supply chain challenges have been universal across different industries, and oil markets are beginning to feel it […]
In case you hadn’t heard, there’s a global energy crisis. Or, perhaps not. We’ll explain. There have been a slew of energy challenges around the world. In China, big companies are facing quotas on how much power they can use. In Europe, natural gas prices are up 1,300% since May 2020 due to low […]
Fuel markets are trading mostly flat after some upward activity yesterday, which left WTI crude oil above $75/bbl. This EIA posted across-the-board inventory draws, giving markets a bearish sentiment this morning. Crude oil stocks rose by 4.6 million barrels – the first build in two months – while gasoline and diesel each rose by small […]
Although this newsletter typically focuses exclusively on fuel markets and the trends impacting them, today’s topic will cover an important adjacent field: Diesel Exhaust Fluid. DEF is quite simple, made up of just two ingredients, urea and distilled water. However, the product is a critical commodity: throughout North America, modern fleets cannot run without DEF. […]
Oil prices are at their highest level since July thanks to supportive inventory data this week. The Federal Reserve announced plans to slowly taper their bond-buying stimulus over the next year, which normally would cause prices to drop. However, given months of forewarning and planning, markets are taking the announcement in stride, even lifting oil […]
Financial markets are getting a boost this morning thanks to a capital injection of roughly $18.6 billion from China’s central bank. We reported yesterday that Evergrande, the Chinese real estate giant, is having trouble making their debt payments; for now, it appears they’ll be able to continue operating. As investors breathe a big sigh of […]
Today marks the end of National Truck Driver Appreciation Week, a holiday week started by the American Trucking Association. The purpose of the holiday is to celebrate America’s truck drivers, who work tirelessly to deliver goods and materials across the country. Without truck drivers, the world would not be able to enjoy the modern conveniences […]
