Economic Concerns and Geopolitical Tensions Continue to Drive Oil Prices

As economic and geopolitical concerns continue to weigh down on oil prices, markets are still processing the implications of the banking crisis. Crude oil is relatively unchanged this morning after a brief 50-cent per barrel increase earlier in the day. Equity futures and treasury yields are also exhibiting minimal movement as the market’s focus remains […]

Oil Prices – Gradually Recovering Despite Banking Stress, Recession Fears, and Investor Exodus

The world has witnessed a sharp decline in oil prices despite a China demand boom. Goldman Sachs attributes the recent decline to banking stress, recession fears, and an exodus of investor flows. However, historical data shows that after such scarring events, positioning and prices recover gradually, especially for long-dated prices. Indeed, that’s what we’re seeing […]

Week in Review – March 17, 2023

Analysis by Sydney Casey This week, the financial landscape was shaken by an unprecedented banking crisis that has left markets reeling and investors on edge. For instance, Goldman Sachs raised its 2023 recession probability from 25% to 35%, noting that risky assets like equities and commodities could face pressure. In the eye of the storm, […]

Silicon Valley Bank Failure – What Does It Mean for Fuel Prices?

In the face of the Silicon Valley Bank failure, fuel prices are a bit lower but have also shown a bit more strength than crude oil. Crude oil is trading near the bottom of its recent trading range, slumping to $73/bbl after two days of losses. Uncertainty about the SVB bank closure, mixed with surprising […]

Week in Review – March 3, 2023

Crude prices have been on a rollercoaster ride this week, with a dip in prices followed by a few days of modest gains. Today’s prompt crude prices are down by about $1.60, but they remain on track for a weekly gain. As the market struggles with forecasts of higher US interest rates and a resulting […]

Predicting the Future: Summary of 11 Investment Bank Oil Forecasts

While no one knows the future of fuel prices, there is power in numbers. That’s why it’s helpful to aggregate forecasts together to gain a better understanding of what might happen. Today, we’ll explore bank forecasts from eleven different investing institutions, ranging from Goldman Sachs and Citi to Fitch Solutions and ANZ, to see what […]

Week in Review – February 17, 2023

Oil prices are plummeting this morning, with diesel leading the way. Diesel plummeted into the $2.60s earlier this morning, one of the few times the product has seen that level since Russia invaded Ukraine. Heading into the long trading holiday weekend, markets are concerned about rising interest rates, since economic indicators continue to show a […]

Oil Headlines You Might Have Missed Last Week

Let’s dive into some of the biggest oil market headlines from the past week. There’s been lots of oil headlines over the past week, ranging from updated price forecasts from the US government to pipeline outages to EU sanctions news. Following the discovery of a leak on Thursday evening, the Watson pump station in LA, […]

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 […]

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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