Oil Prices are Gradually Recovering Despite Banking Stress, Recession Fears, and Investor Exodus

The world has witnessed a sharp decline in oil prices despite a China demand boom. Goldman Sachs attributes the recent decline to banking stress, recession fears, and an exodus of investor flows. However, historical data shows that after such scarring events, positioning and prices recover gradually, especially for long-dated prices. Indeed, that’s what we’re seeing […]

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, […]

What Is It – Kerosene

Analysis by Sydney Casey Kerosene, also known as paraffin or lamp oil, is a clear, colorless liquid that is derived from petroleum. It is commonly used as a fuel for lamps and small engines, as well as for heating and cooking in some parts of the world. Kerosene has a high flash point, which means […]

Trending Topic of 2022 – Supply Shortages

Analysis by Sydney Casey FUELSNews will not be published on Monday, January 2, due to the holidays. We wish you a bright and merry New Year! If there is one trend for fuel markets in 2022, it’s supply shortages. Out of FUELSNews’ top ten most-read articles, the top three are related to fuel and DEF […]

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 […]

Canada Boosts Renewables Focus Ahead of Growing Clean Fuel Demand

Analysis by Sydney Casey As the world continues investing in renewable fuel solutions, Canada is betting that it can help meet global renewables demand. Recently, the EPA passed a new rule under the Renewable Fuel Standard noting that renewable fuels made from canola oil qualify as advanced biofuels, meaning they reduce greenhouse gases by 50% […]

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 […]

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 […]

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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