Prices Fizzle Out after EIA Data

The oil complex is trading mostly flat this morning and is set to end the week lower. Crude fell to two-week lows yesterday, losing 87 cents as the market processed an overall bearish EIA report. Although crude saw a large inventory draw, both products and Cushing stocks built, giving the market a more bearish sentiment. […]

Mid-Week Review

Melting Arctic a Boon for Energy Trade Melting ice caps may not be all bad. As the Arctic Circle becomes more navigable, more ships are able to travail the region, taking less time than icebreakers to deliver their products. Still, environmentalists worry that more ships passing through the region could emit more black carbon, causing […]

How Laws of Nature Impact Fuel Procurement

Net verses Gross Gallons – What’s the difference? Have you ever questioned why there are two different gallon amounts listed on a BOL (Bill of Lading) for the same delivery? You may have ordered a specific gallon amount (gross) but then were invoiced for a net amount. It’s a common quandary for fuel purchasers. How […]

Mid-Week Review

The Best and Worst Oil Price Predictions Cognitive psychology (not something you hear about much in FUELSNews!) says people suffer from confirmation bias – we tend to find and remember news that aligns with our pre-existing beliefs. The antidote to confirmation bias is reading the opinions of those who disagree with us. This article, then, […]

Week in Review

Although the week was shortened by a mid-week holiday, markets still saw significant price swings, rising to multi-year highs before giving up their gains. Markets panicked over the weekend when Trump tweeted Saudi Arabia had agreed to a 2 million barrel per day production increase – then rose Monday when his administration clarified Saudi Arabia […]

Mid-Week Snapshot

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.    OPEC Likely to Agree to Production Increase Next Week According to a Bloomberg study, the majority of traders expect OPEC to push past disagreements and agree to at least some form of production increase. […]

Weekly Snapshot

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.    Oil Holds near $67 as Market Tumult Subsides after OPEC Worries Market turmoil has weighed on oil, erasing all of the gains in WTI crude prices this month as the prospect of rising production from […]

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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