Hurricane Sally – Code Orange – September 16, 2020

Hurricane Sally made landfall early this morning near Gulf Shores, AL as a category 2 hurricane with sustained winds of 105 mph. The storm is currently battering the Alabama coast and the Florida Panhandle. Sally is a slow moving storm and has already dropped 15 inches of rain in some areas and may drop up to 35 inches […]

OPEC to Meet to Discuss Future Cuts and Compliance

On Tuesday, WTI crude closed higher even after the IEA warned about the pace of economic recovery from the pandemic and downgraded demand forecasts from the IEA and OPEC. A considerable surprise crude draw and the closure of production due to Hurricane Sally are lifting markets this morning. Crude is continuing its gains in early […]

Mid-Week Review – September 16, 2020

Oil climbs with economic data warding off gloomy demand signals Chinese retail sales rose for the first time this year in August, while industrial production expanded more than expected. In the U.S., manufacturing in New York state expanded in September at the second-fastest pace since 2018. Click here to read more from Bloomberg. Oil jumps […]

Market Weighs Storm Effects Versus Downgraded Forecasts

Markets are trading higher this morning with prices supported by concerns over Hurricane Sally hitting the Gulf Coast and an increase in August demand reported out of China.  China’s oil demand increased 9.9% in August.  Year-over-year demand in China increased 3.29% to 12.54 MMbpd. Hurricane Sally is currently a strong category 1 hurricane with sustained […]

September 15, 2020 – Hurricane Sally – Code Orange

Hurricane Sally has developed into a strong category 1 hurricane  with sustained winds of 90 mph. It is currently south-southeast of Biloxi, MS and is expected to make landfall on Wednesday along the Mississippi, Alabama, and Florida panhandle vicinity. Flooding rains, high winds, and dangerous storm surge are expected in those coastal areas.  Tropical-storm-force winds […]

4 Bearish Oil Factors – But Citi Still Forecasts $60 in 2021

With the global recovery stalling, oil markets remain under pressure this morning. A plummeting US Dollar gave oil markets a lift above $41 for a few weeks; however, the dollar is now slowly climbing from 2-year lows. Oil bulls have little to point to right now to justify a rally, leaving the bears to reign. […]

Tropical Storm Sally – Code Orange

Tropical Storm Sally is expected to make landfall in Louisiana Tuesday morning as a Category 1 hurricane. The storm quickly developed into a tropical storm over the weekend, and further strengthening is possible. Sally is moving slowly and will bring over a foot of rain to some areas along with dangerous storm surge. The region […]

Digging into Fuel Market Fundamentals

Oil prices are falling once more this morning, sinking close to the weekly lows set on Tuesday. Despite Wednesday’s bounce, oil prices have spent the rest of the week in the red as markets fear increasing production and sliding demand. Today’s article focuses on some of the on-going fundamental factors pushing oil lower. The EIA […]

Week in Review – September 11, 2020

WTI crude finished down for the week.  The week started with a precipitous drop on news from Saudi Arabia of a cut in price on August Arab Light crude, which traders took as a sign of lowered demand coming out of Asia and especially China. Crude followed the choppy ride of US equities this week […]

EIA Lowers Growth Forecast for 2021

On Wednesday, WTI crude followed US equities to close higher. Bearish inventory news coming from the API pared gains. A surprise build in crude and diesel reported by the API is pushing prices lower in early trading this morning. According to the EIA Short-Term Energy Outlook: “despite expected inventory draws in the coming months, EIA […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote