By Cassia Paz Published On: January 13, 2025Categories: Daily Market News & Insights The Trans Mountain Expansion Project (TMX) became operational in May 2024, marking a significant milestone in Canadian energy infrastructure. This project, which nearly tripled the capacity of the original Trans Mountain Pipeline (TMP) from Alberta to the British Columbia coast, now enables up to 890,000 barrels per day (Mb/d) …
Diesel Blend for Winter: When to Use Additives and When to Use Kerosene
By Cassia PazPublished On: January 6, 2025Categories: Daily Market News & Insights, Storm Season, Winter Weather Maintaining fuel performance in cold weather is essential for keeping diesel engines running smoothly. Choosing the correct diesel blend and understanding when to use winter additives versus kerosene can save money and prevent costly operational issues. Why Does Diesel Need Winter Treatment? As temperatures drop, the paraffin wax …
Could Another Supercycle Be on the Horizon for 2025?
By Sydney CaseyPublished On: December 30, 2024Categories: Daily Market News & Insights Markets tend to move in broad trends – either soaring upwards or careening lower. As we covered most recently in 2022, oil markets have gone through long trends where prices seem overwhelmingly to move in one direction. After bottoming out in 2020, crude oil prices skyrocketed to historic highs in 2023 …
Canada: Trans Mountain Pipeline Ships First Oil Load
By Cassia PazPublished On: June 6, 2024Categories: Daily Market News & Insights On May 22, the newly expanded Trans Mountain pipeline terminal saw its first oil tanker set sail, carrying approximately 550,000 barrels of tar-sand oil bound for China. This shipment marked the start of TMX’s commercial operations, which now feature an additional capacity of 590,000 barrels per day (bpd) of crude …
What’s That: Cetane
By Cassia PazPublished On: May 8, 2024Categories: Daily Market News & Insights Chances are you have heard of cetane, but you may be lacking a complete understanding of the term. While cetane levels might not be a primary concern, overlooking them can lead to expensive consequences. Using diesel fuel with an inadequate cetane number can cause reduced efficiency, engine wear, and many …
Oil Prices Expected to Remain Above $80 in 2024
By Cassia PazPublished On: May 6, 2024Categories: Daily Market News & Insights In a year marked by geopolitical tensions and strategic production cuts, oil prices are anticipated to sustain levels above $80 a barrel. According to the latest Reuters oil poll, analysts have adjusted their 2024 forecasts for Brent and West Texas Intermediate (WTI) crude, underscoring the ongoing challenges and risks shaping the …
Challenges & Opportunities for Oil Markets in 2024
By Cassia PazPublished On: April 4, 2024Categories: Daily Market News & Insights 2024 marks an important moment for the global oil and mobility sectors as they navigate through challenges and opportunities. According to S&P Global Commodity Insights, from geopolitical tensions to technological advancements, the landscape is surrounded by complexities that promise to reshape the trajectory of the industry. At the heart of the …
From Red Sea Tension to Refinery Outages, What Is in Store for Oil Prices?
By Cassia Paz Published On: February 6, 2024Categories: Daily Market News & Insights Over the past few weeks, the global oil market embarked on a roller-coaster ride influenced by a complex interplay of geopolitical tensions, economic factors, and technical trends. These multifaceted dynamics left market observers closely monitoring the landscape of the oil industry. Geopolitical tensions keep taking center stage as attacks …
2024 Oil Landscape: Slower Demand, Surging Supply, and Lingering Challenges
By Cassia Paz Published On: January 23, 2024Categories: Daily Market News & Insights Global oil demand is expected to see a significant slowdown in 2024, with the International Energy Agency (IEA) projecting a halving of the increase from 2.3 million barrels per day in 2023 to 1.2 million barrels per day this year. The agency attributed the reduction in growth to slowing …
OPEC’s Influence on Futures, Diesel’s Detour, and SPR’s Struggle
By Sydney Casey Published On: December 5, 2023Categories: Daily Market News & Insights OPEC’s recent extension of production cuts has no doubt influenced crude oil futures. Also concerning to markets right now is the news of US diesel shippers being rerouted and causing major delays and the challenges faced by the US Strategic Petroleum Reserve (SPR) in maintaining adequate levels amidst fluctuating …