Starting off the week we saw headlines that warned of colder weather making its way across much of the southeast. Today alone over 60 million people are under winter alerts, with schools and government entities to be closed down. With this cold front, new storms have emerged across much of the south, causing more trouble […]
Natural Gas News – January 6, 2022 U.S. Natural Gas Market: Demand Is Close To An All-Time High Last week (ending Dec. 31), the number of heating degree days (HDDs) plunged by almost 21% w-o-w (from 166 to 132). The total “energy demand” (as measured in total degree days or TDDs) was 20% below last […]
It is no secret that trucking is at the heart of most industries. How goods get from one place to the other is a logistical feat that many take for granted, but that industry is now being threatened. As less and less drivers hit the road, the question that remains is what’s next for this […]
Oil holds near $80 after OPEC+ output hike decision Oil prices held near $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in COVID-19 cases caused by the Omicron variant. Brent crude futures were up 37 cents, or 0.46%, […]
This morning, fuel prices climbed to two-month highs, reversing December’s Omicron sell-off. Diesel fuel prices are back above $2.40 per gallon at a wholesale level, while gasoline briefly surpassed $2.30. Central Asian instability and declining fears of Omicron are pushing prices higher this week, while the EIA’s inventory report provides headwinds. Political instability in Kazakhstan, […]
Diesel exhaust fluid is a critical component of every fuel program. Required since 2010 for on-road fleets and since 2015 for off-road fleets, most modern fleets require DEF to remain mobile. Yet a severe, worldwide shortage has spurred severe supply chain challenges. Back in September, FUELSNews sounded the alarm in “DEF Prices Explode”, explaining rising […]
Let’s just say over the past couple of weeks, the weather has not been anything that feels like “winter weather”, but that is all set to change this week as a monster cold front moves across the south and southeastern parts of the United States. Today crude oil opened at $75.69, diesel at $2.3283, and […]
Turmoil strikes! The galaxy is divided after the Environmental Protection Agency (EPA) released on Monday new vehicle emissions standards that will run through 2026. These newly released standards directly contrast former President Donald Trump’s looser car pollution reduction tactics, and instead will lead the United States to move closer toward electric vehicles. Pollution has always […]
Oil prices are rising once more this morning, regaining some steam thanks to the EIA’s inventory report. Of course, Omicron concerns are weighing on markets, but the planned distribution of 500 million test kits is providing support. While the test kits on their own won’t impact demand, it does seem to be the Biden administration’s […]
Oil prices steady as Omicron caution lingers Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $71.12 a barrel […]
