Today’s Market Trend

After seeing some small gains during yesterday’s trading session, prices are headed lower across the board. Crude picked up a meager 14 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $56.84, 78 cents (1.36%) below yesterday’s close. Diesel markets also picked up a nearly 2 cents on […]

United States, Canada, and Mexico Launch North American Energy Information Website

At the North American Energy Ministerial on November 14, 2017, in Houston, Texas, United States Secretary of Energy Rick Perry, Canada’s Minister of Natural Resources James Gordon Carr, and Mexico’s Secretary of Energy Pedro Joaquin Coldwell launched the North American Cooperation on Energy Information (NACEI) website. The website consolidates energy-related data, maps, analyses, and references […]

Today’s Market Trend

Markets reversed their recent gains yesterday, with oil products posting some major losses. Crude oil dropped nearly a dollar yesterday (-1.5%) as markets turn from OPEC to market fundamentals. Crude oil is currently trending fairly flat at $57.42, with early morning losses reversing to just a small losses of 5 cents. Refined products suffered even […]

Oil Market Bullishness Nears Record Highs

Oil prices have been winding higher since September, when Harvey kicked off a strong rise in refinery run rates that buoyed crude demand. Since September, crude prices have risen from below $50 to consistently above $55 in November and December – far above the overall 2017 average price of $55.33 YTD. Behind that price movement […]

Today’s Market Trend

After a significant run in prices on Friday that added nearly $1.00 to crude prices, markets are falling back in line with their previous trends. Traders were enthusiastic on Friday that OPEC and Non-OPEC producers agreed to a deal extension, but that enthusiasm has faded today as reality sets in. After rising to $58.88 and backing […]

Today’s Market Trend

OPEC officially extended their product cuts through the end of 2018, which caused markets to run up initially before a steep sell-off, and now prices are back near where they started. Crude prices gave up 43 cents (0.7%) yesterday in anticipation of the OPEC announcement, and are today struggling to find a direction, having been […]

Fuels Institute Launches Fuel Quality Council

ALEXANDRIA, Va. – As new high pressure common rail diesel engines have increased their share of the U.S. market, there has been an increase in reports of engine breakdowns and failures presumably related to diesel fuel quality. While some assert a causal versus a coincidental relationship between the two, there has yet to exist a […]

Today’s Market Trend

Oil markets managed to eke out some gains yesterday despite trading lower for most of the day. Light volumes have kept prices from gyrating too significantly. Crude picked up a meager 13 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $57.87, 12 cents below yesterday’s close but still a penny […]

Winter Weather 2017-18: Three Tips for Beating the Cold

As we get closer to the first official day of winter (Dec 21), temperatures across the country are beginning to get chilly. As we approach winter, forecasts of expected temperatures grow clearer, giving diesel-consuming fleets a better outlook of how to prepare for the winter. As all experienced diesel users know, diesel fuel gels at […]

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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