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 […]

Iran and Venezuela Team Up on Oil – What’s the Impact?

This month, Iran is set to ship 4 million barrels of heavy crude oil to Venezuela, according to a Reuters report. Venezuela has been behind on its oil production, which in June was at its lowest level since October 2020. In June 2022, Venezuelan oil production was at about 727 thousand barrels per day (kbpd) […]

What Is It Wednesday – 3:2:1 Crack Spread

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.   Imagine working for a company where you have no control over your raw material costs, and little control over your sales prices. […]

Mid-Week Review – October 9, 2019

Oil lower as tensions grow ahead of U.S.-China trade talks Oil futures headed lower Tuesday as traders kept tabs on developments ahead of U.S.-China trade talks due later this week, which could shape expectations around demand for crude. Oil is being dragged down with stocks and other assets sensitive to global growth expectations, which continue […]

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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