Week in Review – March 31, 2023

Markets this week have seen fluctuations stemming from continued uncertainty in global politics and production concerns out of Iraq. Legislative developments in the energy sector have also sparked interest this week with discussions of cutting energy costs for Americans. Crude oil futures are trading up 40 cents/bbl this morning, with oil prices on track to […]

SCR Engines Clean Up Diesel Emissions for a Greener Drive

Picture this: you’re driving down the highway, enjoying the scenic views, and taking in the fresh air. But have you ever wondered if the air you’re breathing might not be as clean as you think? Just a few years ago, diesel engines, which power many vehicles on the road, were significant contributors to harmful nitrogen […]

What Is It – Reid Vapor Pressure (RVP)

Although an obscure environmental data point, Reid vapor pressure is a critical factor when it comes to gasoline fuel supplies in the US. As such, it’s important that those in the fuel industry have a clear understanding of what Reid vapor pressure is and why it matters. In this edition of FUELSNews What is It […]

Economic Concerns and Geopolitical Tensions Continue to Drive Oil Prices

As economic and geopolitical concerns continue to weigh down on oil prices, markets are still processing the implications of the banking crisis. Crude oil is relatively unchanged this morning after a brief 50-cent per barrel increase earlier in the day. Equity futures and treasury yields are also exhibiting minimal movement as the market’s focus remains […]

Fuel Polishing – Don’t Let Fuel Contamination Derail Your Operations

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 […]

Week in Review – March 24, 2023

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, […]

Oil Prices – Gradually Recovering Despite Banking Stress, Recession Fears, and Investor Exodus

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 […]

Commingling – What Is It

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 […]

Banking Crisis, G7 Price Cap, and Record US Oil Exports Amid Economic Uncertainty – Navigating Turbulent Waters

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 […]

Keep the Wheels Turning and the Environment Safe: How to Dispose of Used Oil Responsibly

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 […]

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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