Major Shale Fracker Declares Bankruptcy

Tumultuous energy prices have sent fuel buyers on a wild ride, one which has been generally favorable – at least for the procurement team. But the companies on the other side of the equation, the oil producers and processors, have suffered from the collapse. Last week, shale oil producer Chesapeake Energy succumbed and declared bankruptcy, […]

Oil Demand Could Exceed Pre-Crisis Levels

Coming off a long weekend, oil is climbing to fresh highs this morning as positive sentiment endures. The market continues with the mantra “no news is good news” – another day without a major uptick in COVID-19 cases and no unexpectedly low economic data constitutes a win.   The IEA’s Executive Director commented this weekend that low oil prices could drive demand […]

Comfortable with Oil Prices? That’s a Bad Sign

Oil prices are continuing their upward trend this morning after gains weakened yesterday afternoon. Although prices launched nearly a dollar higher at points in the day, crude closed just 30 cents higher at the end of yesterday’s session. Today, crude oil is trading at $56.94, up 40 cents. Fuel prices also saw moderate gains yesterday, […]

Weekend Summary

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Will Hurricane Season 2017 Be Above-Average? June and July have been very active hurricane seasons, with Arlene, Bret, and Cindy already burning through the named storm list. Does this mean hurricane season 2017 will be […]

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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