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. Every year, the fuel industry braces for an unpredictable, potentially […]
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 […]
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 […]
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 […]
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 […]
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. Fuel markets are constantly in flux, reacting to supply and […]
The numbers are in, and GDP fell -0.9% in Q2, marking the second straight quarter of contraction. In Q1, the economy contracted by -1.6%. The typical definition of a recession is two consecutive quarters of negative growth, although there’s a variety of other statistics that play into the official declaration of a recession. Many years […]
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. Why do the decisions of one organization create ripples throughout oil markets, causing prices to double or halve over time? Well, when […]
This week saw a general downward trend, with a variety of bearish headlines keeping markets suppressed. The economy remains the focal point, with Europe, particularly under scrutiny. High energy costs and sanctions have severely harmed European manufacturing and services, slowing growth. In the US, high fuel costs have caused demand to plummet – for the […]
This week saw yet another selloff in fuel markets, echoing last week’s drop and recovery pattern. Like last week, prices are rising once again on Friday. This time around, though, crude oil has not quite recovered the $100/bbl mark. This week brought news that inflation has climbed to 9.1% year-over-year, the highest reading in decades. […]
