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 […]
Analysis by Sydney Casey FUELSNews will not be published on Monday, January 2, due to the holidays.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 […]
Analysis by Alan Apthorp Fuel markets showed uneven trends this week, with crude oil rising early in the week and falling later. Diesel fuel, on the other hand, saw prices jump 50 cents from last week, before giving up almost 15 cents this morning. As always, volatility reigns supreme for the oil market. US […]
After the market hit 9-month lows last week, this week brought a return to elevated prices. Crude oil rose back above the $80/bbl level, and diesel prices lept thirty cents above last week’s low. As has been the case for the past few months, the shifting focus from economic woes to physical fuel tightness has […]
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 […]
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 […]
Yesterday saw the entire petroleum complex close significantly lower. Crude oil fell by nearly $5/bbl, and fuel prices saw roughly 10-cent losses. One could say that prices are actually down much more. On Friday, gasoline closed at $3.49 when the August future contract expired; yesterday, the September contract closed at $2.99. That’s a 50-cent drop […]
Oil markets are seeing large losses this morning as economic concerns continue to weigh. While US economists are still debating on whether the US is in a recession, data from other countries show more concrete evidence of a weakening landscape. A new report from S&P Platts shows that European manufacturing contracted in July for the […]
Fuel prices rallied this week, contrasting the gloomy economic news reported. Despite GDP contracting 0.9% in the second quarter, fuel prices are ending the week on a high note. Crude is back above $100/bbl – though just barely – and fuel prices are hitting their highest level in weeks. Particularly on the diesel front, prices […]
After a cyberattack caused the nation’s largest pipeline to shut down over 5,500 miles of distribution infrastructure, Colonial Pipeline (CPL) is back up and has resumed normal operations. The company was forced to shut down the pipeline on Friday, May 7th, and, after of week of restoring capacity, is now delivering millions of gallons of […]
