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 […]
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 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 […]
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 […]
Oil markets are trading lower this morning, bringing prices to the low end of their trading range from the past 6 months. Crude and gasoline are each within a couple percent of their 6-months lows, and diesel is trading at the lowest point since March. The market’s focal point is the Federal Reserve meeting on […]
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 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 […]
Fuel markets are cooling off this morning, with diesel leading the complex lower. The rail strike has been averted, with a deal signed to give workers higher pay and more time off to appease concerns. Over the past three trading sessions, diesel has fallen more than a quarter. A hefty 4.2 million barrel build for […]
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 14, 2022 China Is Aggressively Buying Up Cheap Russian LNG Russia is selling liquefied natural gas from the Sakhalin-2 project in the Far East to China at a 50-percent discount and still making a profit on it, Bloomberg has reported, citing unnamed traders. “Russian supply is still making its way […]
