Week in Review – March 17, 2023

Analysis by Sydney Casey This week, the financial landscape was shaken by an unprecedented banking crisis that has left markets reeling and investors on edge. For instance, Goldman Sachs raised its 2023 recession probability from 25% to 35%, noting that risky assets like equities and commodities could face pressure. In the eye of the storm, […]

Week in Review – March 3, 2023

Crude prices have been on a rollercoaster ride this week, with a dip in prices followed by a few days of modest gains. Today’s prompt crude prices are down by about $1.60, but they remain on track for a weekly gain. As the market struggles with forecasts of higher US interest rates and a resulting […]

Week in Review – February 24, 2023

Analysis by Sydney Casey Macro concerns weighed on markets this week, causing crude oil to drop to its lowest level in over a week. Extending gains from yesterday’s session, prompt crude prices are now up more than 60c/bbl, although they are still headed for a week-on-week deficit. With crude ticking upward and RBOB futures essentially unchanged, […]

Week in Review – Dec 23, 2022

Analysis by Alan Apthorp FUELSNews will not be published on Monday, December 26, or Monday, January 2, due to the holidays. We wish you a happy holiday season and a bright and merry New Year! It’s been a relatively quiet week for fuel markets heading into the holidays, but that’s not stopped the market from […]

Week in Review – October 7, 2022

OPEC is back in the driver’s seat when it comes to oil prices. Their decision this week to cut supplies by 2 million barrels per day sent prices leaping higher. Crude oil is up nearly $10/bbl this week, and diesel prices are up a full 60 cents per gallon. Market backwardation is beginning to creep […]

IEA: 4 Oil Trends to Watch for August

The IEA released their Monthly Oil Report for August, which is packed full of headline-worthy news items. Today’s article will unpack some of the key themes: Bullish: Fuel switching is driving “soaring” oil demand for power. As natural gas prices rise and heat waves drive power consumption, more power companies are considering heating oil for […]

What Is It – Diesel Exhaust Fluid (DEF)

Welcome to our continuing FUELSNews series: What Is It Wednesday. 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. If diesel is the hero of the transportation fuels world, then […]

Is Gasoline Demand Really Falling?

There’s no question that the economies worldwide face a looming recession. Countries in Europe appear particularly at risk, with severe contractions expected for countries like the UK, Germany, and France. The US has seen GDP fall for two quarters, but a number of indicators point to resilient economic activity. One factor, gasoline demand, has seemingly […]

Week in Review – August 5, 2022

Yesterday, oil prices closed at $88.54, the first time WTI crude has dipped below $90/bbl since two weeks before Russia invaded Ukraine. Diesel is trading at its lowest point since April, while gasoline is at its lowest since late February. Despite the spate of bullish factors on the supply side – a floundering US-Iran nuclear […]

Gasoline Slump, OPEC+ Snub, and Iran Deal – Catch Up on Fuel Markets

The diesel crisis continues even as gasoline markets are slumping. OPEC+ barely moved to increase its output goal, keeping global markets tight. And the US and Iran are heading back to the negotiation table, following the US tightening sanctions. Let’s unpack the day’s news.   Yesterday, the EIA published its weekly report which showed a headline […]

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote