What Is It – Diesel Exhaust Fluid (DEF)

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 […]

Is Gasoline Demand Really Falling?

There’s no question that the economies worldwide face a looming recession. Countries in Europe appear particularly at risk, with severe contractions expected for countries like the UK, Germany, and France. The US has seen GDP fall for two quarters, but a number of indicators point to resilient economic activity. One factor, gasoline demand, has seemingly […]

Week in Review – August 5, 2022

Yesterday, oil prices closed at $88.54, the first time WTI crude has dipped below $90/bbl since two weeks before Russia invaded Ukraine. Diesel is trading at its lowest point since April, while gasoline is at its lowest since late February. Despite the spate of bullish factors on the supply side – a floundering US-Iran nuclear […]

What Is It Wednesday – The NYMEX

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.   Fuel markets are constantly in flux, reacting to supply and […]

Did Gasoline Prices Really Fall 50 Cents? (It Depends…)

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 […]

US May Be in Recession – But Fuel Prices Remain Strong

The numbers are in, and GDP fell -0.9% in Q2, marking the second straight quarter of contraction.  In Q1, the economy contracted by -1.6%.  The typical definition of a recession is two consecutive quarters of negative growth, although there’s a variety of other statistics that play into the official declaration of a recession. Many years […]

Citi: Recession Could Cause Oil to Fall 40%

After a long trading holiday for US markets over the July 4 weekend, prices are trading sharply lower as traders continue pricing in the risk of an economic recession. Also contributing to the downward market is the return of 450+ thousand barrels per day (nearly 0.5% of global supplies) from Ecuador, where protests have ended […]

Dominos Fall as Russian Aggression Continues

Oil prices are down significantly this morning, reaching as low as $100.68. As Russian oil supply continues to be disrupted by sanctions, the effects are spreading, as evidenced by the Kazakhstan supply issues. Russia’s invasion of Ukraine set off a domino effect throughout the oil supply chain, and now those dominos are falling for producers […]

Global Diesel Shortage – Could It Happen?

Oil prices are rising on reported damage to the Caspian Pipeline Consortium (CPC), impacting Russian and Kazakh oil exports. Stormy weather in the Caspian Sea damaged the pipeline, which pumps out 1.2 million barrels per day (bpd) to the Black Sea for global distribution. Repairs are expected to take over a month. Approximately 85% of […]

EU Considering Russian Oil Ban

This morning crude prices are up as the news of a potential ban of Russian oil by the EU makes its way through markets. Today WTI crude is at $109.05, with diesel at $3.7797 and gasoline at $3.3461. After recent events in eastern Europe, the European Union nations will decide in the coming days whether […]

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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