What Is It Wednesday – OPEC

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 […]

Week in Review – July 22, 2022

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 […]

Prices Continue to Fall After OPEC+ Agreement

This morning prices continued to fall while posting some of their lowest opening numbers of the week. Crude this morning opened at $72.96, diesel at $2.1379, and gasoline at $2.2926. The agreement between Saudi Arabia and the United Arab Emirates (UAE) is helping to weaken the oil rally, since it will provide more supply each […]

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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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