What Is It – PADD 3

After learning about PADD 1 and PADD 2 in detail, it’s time to dive into PADD 3 (Gulf Coast), which is the powerhouse of the US oil industry. From oil production in West Texas to refining and exports, the Gulf Coast sets the trend for nearly all facets of the American energy industry. Today, we’ll […]

Off the Rails, Pt 2: What a Rail Strike Means for Fuel Buyers

In September, FUELSNews covered a possible rail strike that threatened to cost the US economy $2 billion per day while severely hampering the distribution of crude oil, renewable fuels, and DEF. Delays have kicked the can down the road, but now unions are threatening a strike on Dec 9. With so much at stake, Congress […]

What Is It – Oil Inventories

Each week, traders eagerly awake 1030am EST on Wednesdays – when the EIA releases its weekly petroleum market report. The data contains details on many useful statistics, including supply, demand, refining trends, and imports/exports. One detail, however, stands out from the rest – how much of each product does the US have in inventory? The […]

What Is It – PADD 1

Every fuel market in the US is unique, with it’s own supply and demand trends. Yet markets in close proximity to one another tend to share similar characteristics. The government groups similar markets into five PADDs, with each one showing unique fuel supply and demand dynamics. By understanding each market in more detail, we can […]

Natural Gas News- August 11, 2022

August 11, 2022 U.S. Natgas Futures Up 2% on Output Drop, Forecast for More Demand U.S. natural gas futures rose about 2% on Tuesday on a preliminary drop in daily output and forecasts for more demand this week than previously expected due to an increase in pipeline exports to Mexico. That price increase came despite […]

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 […]

EIA: Several Refining Projects Scheduled in Asia and Middle East

There’s been lots of talk among analysts about the lack of refining capacity around the world. In fact, OPEC has asserted that the world isn’t lacking crude oil, but rather the capacity to convert crude oil into usable fuels. While US refining capacity is falling (a topic we covered back in May), global refining capacity […]

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 […]

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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