Neglecting the quality of the fuel you use is not an option if you rely on it to keep your operations running. Whether you’re powering truck fleets, marine vessels, generators, or anything in between, fuel is a critical asset that requires proper management and maintenance. And let’s not forget – when storing fuel for extended […]
Crude oil prices are facing downward pressure this morning, dropping over $2.50/bbl. This decline is likely due to concerns surrounding Deutsche Bank, which may be the next institution to experience bottlenecks. The ongoing apprehension of contagion within the banking sector adds to the uncertainty affecting oil prices. The current state of lower equities and yields, […]
The world has witnessed a sharp decline in oil prices despite a China demand boom. Goldman Sachs attributes the recent decline to banking stress, recession fears, and an exodus of investor flows. However, historical data shows that after such scarring events, positioning and prices recover gradually, especially for long-dated prices. Indeed, that’s what we’re seeing […]
We have all heard the term mingling, but do you know what commingling is? In the oil and gas industry, the term is used to define the blending of fuels, either intentionally or unintentionally. With that surface-level description, let’s dive deeper into commingling and what you need to know about it. What is commingling? Commingling […]
The ongoing banking crisis is significantly impacting crude oil prices, causing concerns among investors and traders worldwide. Last week, oil prices fell to the lowest level since a brief 4-day period in December 2021; prices have not been consistently below $70 since June 2021. This morning, oil was gaining buyers, which allowed the contract to […]
Oils and lubricants are essential resources to keep vehicles running smoothly. However, used oil contains a variety of potentially harmful components, including heavy metals, PCBs (Polychlorinated Biphenyl, a banned substance), and other contaminants. When released into the environment, these components can contaminate soil and water sources, leading to long-term environmental damage and posing a risk […]
Analysis by Sydney Casey This week, the financial landscape was shaken by an unprecedented banking crisis that has left markets reeling and investors on edge. For instance, Goldman Sachs raised its 2023 recession probability from 25% to 35%, noting that risky assets like equities and commodities could face pressure. In the eye of the storm, […]
Owning a bulk tank may be essential for many companies that require uninterrupted access to fuel. While convenient, on-site tanks require regular testing and maintenance to ensure they remain in good condition. Proper conservation is also essential for maintaining the quality of the fuel stored. Neglecting tank care may result in fuel contamination, negatively impacting […]
Greenhouse gas emissions (GHG) are well-known in the fuel and transportation industry, since road transportation accounts for 24% of US emissions. Check the news, and you’ll see all kinds of measures being put in place to lower consumer and business emissions. But to truly lower emissions, it’s important to understand your business’s climate impact. Tracking […]
In the face of the Silicon Valley Bank failure, fuel prices are a bit lower but have also shown a bit more strength than crude oil. Crude oil is trading near the bottom of its recent trading range, slumping to $73/bbl after two days of losses. Uncertainty about the SVB bank closure, mixed with surprising […]
