Only 10 Days Remain for Europe to Replace Russian Diesel Exports

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 […]

Global Gasoline Demand Disrupted by Renewable Outlooks

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 […]

IEA: “Two Wild Cards Dominate” in 2023

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 […]

US Adds 5,000 Transportation Jobs – Enough to Kick Recession Fears?

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 […]

New Trucking Emission Requirements – Will They Help or Hurt?

New tailpipe emissions standards for trucks, initially posed by the US Environmental Protection Agency last March, have raised questions as to whether the new directives will do more harm than good. These regulations are being set forth as the Biden Administration’s “Clean Trucks Plan.” It will require all heavy-duty trucks to meet more robust emission […]

2023 – The Year of Luck or Longevity for Energy Markets?

Heading into this new year, many are worried about what tribulations will surface due to the threat of a global recession, continued European hostility, and new legislation impacting the energy markets. We just closed out a record volatile year coined by the Chinese zodiac as 2022, the year of the Tiger. RBN Energy famously makes […]

What Is It – Refinery

Refineries are a daily topic of conversation in our industry. From utilization and product blends to maintenance and outages, they are all over the downstream fuel market’s news. Without refineries, however, we would not have any fuel. With that said, let’s talk more about what a refinery is and how it produces end products. What […]

Colonial Pipeline Resumes Operations; US Refining Capacity Returns

The new year took a rocky start as refineries return to normal operations and markets catch up from severe winter weather diminishing demand and refining capacity. Let’s take a closer look at some of these trends and how they are affecting the US economy. With the completion of repairs from an estimated 60-barrel spill of […]

DEF – Why do we use it?

In 2010, the Environmental Protection Agency (EPA) issued the Diesel Emission Reduction Act (DERA). This act was created to reduce emissions from diesel engines by up to 90 percent over a 10-year period, ensuring that the vehicles are environmentally friendly and produce fewer harmful emissions than older models. To comply with the EPA’s mandate, the […]

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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