Storm Update – Hurricane Ian – Level 5 Alert – 9.30.22

Hurricane Ian has made landfall in Georgetown, SC as a Category 1 hurricane, bringing strong winds near 85 mph. Over the next 24 hours, the storm will progress through the Carolinas and Virginia as a Tropical Depression, leaving damage and power outages in its wake. Storm surge in South Carolina could reach up to 7 […]

Storm Update – Hurricane Ian – Level 5 Alert

As Hurricane Ian continues barreling towards Florida, winds and rain have already begun impacting Florida markets. All Tampa fuel terminals are now planning to be closed by the end of the day, and heavy winds are expected by tomorrow which will make deliveries impossible. Orlando terminals are planning shutdowns tomorrow, spreading the outage to a […]

How Will Hurricane Ian Impact US Fuel Markets?

Oil markets are getting a lift this morning as Hurricane Ian runs through the Gulf of Mexico, shutting in some offshore oil rigs for the first time this hurricane season. Chevron and BP have announced evacuations at a few oil rigs, which collectively can produce around 485 thousand barrels per day – roughly 4% of […]

Storm Alert: Hurricane Ian – Alert Level 4 – 9.27.22

Mandatory evacuations are underway in Tampa, FL ahead of Hurricane Ian’s expected landfall later this week. Florida Governor DeSantis has issued a state of emergency for the state, which includes waiving registration and hours of service requirements for commercial drivers. Now a Category 3 storm after passing over Cuba, the storm is set to make […]

Tropical Depression #9 – Level 3 Alert

Mansfield is moving to Level 3 Alert ahead of the approaching Tropical Depression#9, signaling that the storm is beginning to have a fuel supply impact and internal preparations are underway. The storm is currently on track to make landfall on Wednesday morning along Florida’s west coast. Currently a tropical depression, the storm is expected to […]

Storm Alert – Code Orange – January 18, 2022

As Winter Storm Izzy begins to wind down in areas of the south, areas of the Northeast are expected to continue getting snowfall for the next few days. Izzy’s snow and ice conditions have disrupted travel since this weekend, with flight delays continuing at northern airports. With road conditions improving, fuel deliveries are slowly beginning, […]

Oil Prices Continue to Fall as Chinese Economy Falters

Prices continue to fall this morning after refining activity in China over the weekend fell to its lowest output in 14 months, accompanied by an influx of new COVID-19 cases. Reports showed that output numbers in July 2021 have been lower than July 2020 for China. Today crude oil opened at $67.71, diesel opened at […]

Storm Alert – Invest 94L – August 9, 2021

Mansfield is currently tracking two disturbances in the Atlantic as they move closer to the Caribbean. These low-pressure disturbances, Invest 93L and Invest 94L, are now being watched for a potential transformation into tropical depressions, as rains and thunderstorms associated with them are becoming more predictable and intense. Invest 94L will continue to be monitored […]

Storm Alert – Tropical Storm Elsa – Code Orange

Tropical Storm Elsa is currently moving over Cuba, slowing its forward momentum and delaying its landfall in the continental US. After it passes Cuba, it may strengthen somewhat in the Gulf Coast before approaching the Florida Panhandle. Elsa is set to make landfall in the US on Wednesday morning as a tropical storm. The US […]

Winter Storm Alert – Code Red – March 19, 2021

As this week’s EIA oil report revealed, oil markets are beginning to show signs of normality. Although still far below typical, Gulf Coast refinery utilization rose from 60% to 70% this week, allowing markets to begin refueling. Even with the increased supply, many markets are experiencing tightness. Backlogs of deliveries and continued terminal outages are […]

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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