Oil Rises Despite Economic Headwinds, Bearish EIA Report

After retreating yesterday, oil markets are trading significantly higher this morning despite economic headwinds. The Federal Reserve hiked interest rates by 0.75% to a range of 3.0%-3.25%, which in turn will reduce economic demand and fuel consumption. Despite recent rate hikes, unemployment saw only moderate increases, which suggests that the Fed has so far navigated […]

What Is It – Fuel Price Index

Welcome to our continuing Wednesday FUELSNews series: “What Is It?” Each week, we’ll pick a fuel industry topic to explain, so you can learn more about the market and what drives it. Want to suggest a topic? Email the author, Alan Apthorp, at aapthorp@mansfieldoil.com. Thank you for the great suggestions so far – we’ll be […]

Natural Gas News – September 20, 2022

Natural Gas News – September 20, 2022 Europe’s Scramble For Oil And Gas Is Causing A Tanker Shortage As Europe looks for oil, gas, and fuels from anywhere but Russia, a shortage is developing on the tanker market, Bloomberg has reported, as vessels carrying fossil fuels for Europe have to travel longer distances and fewer […]

EIA forecasts East Coast gasoline inventories will build by the end of 2022

Source: EIA Today’s article from the Energy Information Administration shows the trajectory of gasoline supplies for the East Coast. In our September 2022 Short-Term Energy Outlook, we forecast that monthly East Coast gasoline inventories will generally increase from July’s multiyear lows. We forecast gasoline inventories will build by the end of 2022 and remain higher than […]

Week in Review – September 16, 2022

It’s been a mixed week for oil prices, with prices rising early in the week for gasoline and crude oil but falling on Thursday. Diesel, on the other hand, fell during each trading session this week. As we covered yesterday, China is considering a move to increase their diesel exports, which would help curb market […]

Natural Gas News – September 16, 2022

Natural Gas News – September 16, 2022 U.S. NatGas Futures Up 1% on Forecasts for Warmer Weather U.S. natural gas futures edged up about 1% to a fresh one-week high on Tuesday on forecasts for warmer weather over the next two weeks than previously expected. That small increase occurred even though output was still on […]

What Is It – Ultra Low Sulfur Diesel

Welcome to our continuing Wednesday FUELSNews series: “What Is It?” Each week, we’ll pick a fuel industry topic to explain, so you can learn more about the market and what drives it. Want to suggest a topic? Email the author, Alan Apthorp, at aapthorp@mansfieldoil.com. Thank you for the great suggestions so far – we’ll be […]

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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