By Sydney CaseyPublished On: June 17, 2025Categories: Daily Market News & Insights, Fuel Prices Crude oil prices are trending to the bullish side this morning, up more than $0.90 per barrel, as heightened geopolitical tensions give rise to market volatility. Diesel and gasoline futures have also spiked by over 5 cents and 2 cents, respectively, following concerns of escalating conflict in the Middle …
New Tariffs on Canadian Imports: What It Means for DEF Prices?
By Ashley FisherPublished On: March 17, 2025Categories: Daily Market News & Insights, DEF, Fuel Prices New trade measures between the U.S. and Canada have introduced tariffs that could impact key industries. The latest round of tariffs has raised concerns about increased costs across various sectors, including Diesel Exhaust Fluid (DEF), which is essential for emissions control in diesel engines. These measures could ripple through …
U.S. Tariffs Trigger Global Response as OPEC+ Adjusts Output
By Sydney CaseyPublished On: March 4, 2025Categories: Daily Market News & Insights, Uncategorized On March 3, 2025, President Trump announced that tariffs on imports from Canada, Mexico, and China would move forward as scheduled, taking effect on March 4. The new tariffs include an additional 10 percentage point (pp) tariff on Chinese imports, raising the effective tariff rate by 1.2pp and leading to …
Week in Review: Bearish or Bullish? Fuel Prices Teeter as Global Pressures Mount
By Sydney CaseyPublished On: February 28, 2025Categories: Daily Market News & Insights, Week in Review This week, fuel markets faced a whirlwind of factors driving both bearish and bullish pressures, leaving prices caught between competing forces. A strong rebound in refinery utilization led to a draw in crude inventories, but that draw was overshadowed by builds in refined product inventories, fueling bearish sentiment …
Shifts in Oil Dynamics with Canada’s Trans Mountain Expansion
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 …