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 …

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 …

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 …

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 …

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 …

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 …

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 …

By Sydney CaseyPublished On: November 28, 2023Categories: Daily Market News & Insights OPEC delayed their recently scheduled meeting to this Thursday, which is shaping up to be one of the most impactful in the last decade. There is high anticipation of potential production cuts by the group, and these speculations have caused a domino effect on recent crude futures price …

By Sydney CaseyPublished On: November 7, 2023Categories: Daily Market News & Insights With WTI crude slipping below the $80/bbl mark and RBOB futures plunging under $2.20, the crude oil landscape seems to be shifting. Diesel’s backwardation is showing signs of narrowing, yet the fundamental supply metrics do not seem to align with these price movements. Persisting below a 30-day threshold for the …

By Cassia PazPublished On: September 6, 2023Categories: Daily Market News & Insights, What Is It Wednesday In the grand theater of fuel production, refinery utilization is a critical metric for gauging the pulse of the oil market. But what is it, and why does it matter so much, especially for powerhouse producers like the United States? Today’s What Is It Wednesday article will answer that …