Platts Warns of Diesel Price Gains Amid IMO 2020

We all heard the hype about IMO 2020, and the projected price increases. When January 1 hit, markets watched the market – only to see a minimal impact. While marine fuel prices are definitely up, the effect has not rippled through the market. At least, not yet. In a recent article, S&P Platts warns that […]

Beyond the Rumor Mill

Tired of the oil market rumor mill? Heard too much about China and OPEC? We feel you. Oil prices have been balanced within the $50-$60 range for months now, constantly driven one way or another by speculation regarding US-China trade and OPEC production targets. Nearly every headline on both issues become irrelevant within a week […]

Diesel Draw Stokes IMO 2020 Concerns

Markets are trending sideways to lower this morning following yesterday’s continued gain for oil markets. Although prices began the day on weak economic data yesterday, the market could not let go of the bullish EIA data. Crude oil is currently trading at $56.10, down 13 cents from yesterday’s close. Fuel prices are remaining in check […]

Bullish Supply and Trade News Offset by Inventories

Rising crude stocks are putting downward pressure on prices this morning.  WTI Crude is trading at $52.95, a loss of 41 cents. Fuel is down this morning.  Diesel is trading at $1.9296, a loss of 1.3 cents.  Gasoline is trading at $1.6069, a loss of 1.8 cents. On Wednesday, crude prices rose on news from […]

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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