Oil markets are expecting a busier than usual maintenance season over the next few months, meaning less supply in the short-term. Last year, refiners delayed projects due to high 3:2:1 crack spreads; now, they’re making up for it with more maintenance than usual. Refinery utilization is hovering around 86% as a result of planned downtime, […]
Have you ever been curious as to how your fuel supplier settles on pricing and how it compares to the market rate? Our continued series on fuel price indexes has covered several pricing strategies and types of indexes, but there are still a few more to unpack. Today we will be covering Argus, how it […]
Having a bulk fuel storage tank on-site comes with many advantages for companies with large fleets or heavy fuel utilization. One of the biggest advantages is the price break with purchasing fuel in bulk and not having to wait on delivery services. Knowing how much fuel you have on hand allows you to focus your […]
In between the NYMEX futures market, which is traded 24/7 by millions, and your local rack prices, there’s a step in between. Petroleum products like gasoline and diesel, freshly converted from crude oil, are sold by refiners into the marketplace. Typically, the products are bought by fuel wholesalers and pipeline shippers, though occasionally, some very […]
