Today’s Market Trend

Crude prices are relatively flat this morning, continuing to hover between $49-$50. Prices continue struggling to break out above $50; however, prices reached a high of $50.42 during late night/early morning trading before edging back down to the current price of $49.96, just under 1% higher than yesterday’s close. Refined products are mimicking crude this […]

Winter Diesel Operability: Expect the Unexpected

Editor’s Note: With the recent extreme weather, we wanted to make sure you’re looking ahead and preparing for winter weather. Hurricanes make fuel supply tight, but cold weather can make your existing fuel completely unusable. Our winter program begins October 15, which is just around the corner; we’ve already seen snow storms this year in […]

EIA projects 28% increase in world energy use by 2040

The U.S. Energy Information Administration’s latest International Energy Outlook 2017 (IEO2017) projects that world energy consumption will grow by 28% between 2015 and 2040. Most of this growth is expected to come from countries that are not in the Organization for Economic Cooperation and Development (OECD), and especially in countries where demand is driven by strong economic […]

Today’s Market Trend

Prices are up across the board this morning, following EIA reports released yesterday showing stronger oil demand globally and reduced production. Crude prices responded by moving higher after losses in the early morning. Prices fell about 40 cents yesterday morning before rising to end the day with a net gain of 10 cents. Crude prices […]

Today’s Market Trend

Crude prices are flat this morning, trading at $47.98 this morning, after gaining about 50 cents yesterday (~1%). At this point, just 4 refineries in Texas are still offline, representing around 690 thousand barrels per day (kbpd) of production. Several other refineries are operating at reduced rates. Diesel prices are also flat today, after shedding […]

Today’s Market Trend

Crude prices are flat this morning after substantial losses of over $1.60 (3.3%) on Friday. Prices this morning are $47.69, just slightly above the closing price on Friday. Crude markets continue to be affected by refinery outages in the Houston area; Goldman Sachs estimates that 2.2 million barrels per day of refining capacity remain offline […]

Today’s Market Trend

Due to Hurricane Irma’s approach, FUELSnews Daily will only include Today’s Market Trend. We will send out a Storm Alert later today. Crude prices are flat this morning, after trading sideways yesterday. Crude prices began yesterday at $49.14, and ended the day at $49.09. This morning, they’ve slipped to $49.06. With markets focused on Hurricane […]

EIA’s Energy Infrastructure with Real-Time Storm Information

Did you know the EIA has a live map with storm updates overlaying the U.S.’s energy infrastructure? The site shows how extreme weather events line up with energy systems like power lines, pipelines, refineries, oil rigs, and more. As the map below shows, Irma will travel over several Caribbean islands before skirting over Florida. Fortunately […]

U.S. Average Retail Gasoline Prices Increase in Wake of Hurricane Harvey

U.S. retail gasoline prices on Monday, September 4, averaged $2.68 per gallon (gal), 28 cents/gal higher than prices a week ago. Supply disruptions and refinery outages caused by Hurricane Harvey continue to affect gasoline supply and prices, particularly along the U.S. East Coast and the Gulf Coast, where gasoline prices are 39 cents/gal and 35 […]

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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