Energy Market Updates

Lets get this straight, because the last three days of 100 degree temps across the region has got me a little foggy. In two weeks’ time, Israel and Iran were involved in...

The big jump in futures earlier in the week came after the world saw that Ukraine still has a lot of fight left in the ongoing Russian war. Using what is considered “low...

The massive JENGA puzzle commonly referred to as the Oil Market has seen several layers added on top in the last week. Only to wake up today to a shaky future. Diesel...

Front month diesel prices are starting to claw their way back from yearly lows posted earlier in the month. Sitting about $.10 higher than 2 weeks ago, all focus is...

To say I am confused, while easily done, is an understatement.  I would suggest that most market players are as well.   We have seen about $.30 get erased in the fuel pits the last week, all based on what was to be the fallout from US imposed tariffs, foreign countries tariffs, and reciprocal tariffs. 

In a whirlwind of news over the past few days, diesel and gasoline prices have risen by over $0.10 each. Over the weekend, the Assad regime in Syria fell after decades of factional fighting. This development is significant, as Syria was Iran's largest ally, and its collapse could exacerbate the already volatile conflicts in the region.

Future pricing was moderating some until Tuesdays big jump, pushing Diesel futures to the higher end of the current range. The increase came as news that China was...

Depending upon which news outlet you subscribe to, we are either on the brink of WW3 or about to roast smores around a campfire. Judging by the market direction the last...

It is difficult sometimes to stay positive when you see your fuel bill increase $.70 in a month, but recall how we said “Hope’s not a four letter word”.  The last five days (not including today) have seen about $.15 in value come off in diesel pricing so hopefully we are on our way to a modest correction.  It is even more difficult to make clarity of market factors, as most times, human sentiment moves pricing more than data.  With a large Crude drop of almost 6m barrels per day, one would assume a modest increase in futures yesterday.  Not so, as weekly numbers are often subject to sharp swings and monthly numbers are more reliable.  Monthly diesel demand appears flat to slightly down.  The market shrugged off the Inventory data and focused more China lagging economy and Fed policy. 

The daily ebb and flow of positive and negative data continues to keep future distillate pricing in the $.20 range since early May.  Although we are on the high side of the range, current inventory and demand data might indicate a slight retreat in the days to come.