Rising Demand & Looming Uncertainties Set the Stage for June’s OPEC+ Meeting

Hirschman Oil Supply News

By Sydney CaseyPublished On: May 23, 2023Categories: Daily Market News & Insights As the global economy embarks on the road to recovery, strong demand for oil products is powering a surge in oil prices. However, looming uncertainties, such as a potential U.S. default and the upcoming OPEC+ meeting, continue to cast shadows on the trajectory of the oil markets. It appears that …

Riding the Crude Wave: How Global Shifts in Demand Paint a Bullish Picture for Oil Markets

Hirschman Oil Supply News

By Sydney CaseyPublished On: May 16, 2023Categories: Daily Market News & Insights Crude futures remain in line with yesterday’s prices, continuing the upward trajectory from yesterday. However, the journey wasn’t a smooth ride; crude prices dipped by over 50 cents earlier in the day when China reported economic figures that fell short of expectations. But the market swiftly rebounded after the International …

Oil Prices are Gradually Recovering Despite Banking Stress, Recession Fears, and Investor Exodus

Hirschman Oil Supply News

March 23, 2023 Jason Pohuski The world has witnessed a sharp decline in oil prices despite a China demand boom. Goldman Sachs attributes the recent decline to banking stress, recession fears, and an exodus of investor flows. However, historical data shows that after such scarring events, positioning and prices recover gradually, especially for long-dated prices. Indeed, that’s what we’re seeing this …

Silicon Valley Bank Failure – What Does It Mean for Fuel Prices?

Hirschman Oil Supply News

March 14, 2023 Sydney Casey In the face of the Silicon Valley Bank failure, fuel prices are a bit lower but have also shown a bit more strength than crude oil. Crude oil is trading near the bottom of its recent trading range, slumping to $73/bbl after two days of losses. Uncertainty about the SVB bank closure, mixed with surprising Alaska …

4 Benefits of Installing a Bulk Tank

Hirschman Oil Supply News

February 2, 2023 Sydney Casey Have you been considering whether to install a bulk storage tank? You could save time, money, and effort by having a bulk tank on hand. This purchase involves more than simply the fuel tank – you’re investing to leverage greater control of your operations. Bulk fuel tanks are large storage containers that can hold fuel for …

Moisture Related Fuel Issues

Hirschman Oil Supply News

As we head into the Spring season, extra attention should be given to potential moisture-related issues that might arise as a result of the unusual winter that we had this year. So far, many regions throughout the US have experienced huge temperature swings in 2020 that could contribute to an increase in moisture-related issues. Tank maintenance programs that use a …

Importance of Fuel Testing

Hirschman Oil Supply News

A strategic plan and proactive fuel testing are a great way to ensure our customers experience success even in the harshest of conditions.  Winter testing is essential to understand what types of fuels we are working with and how they are reacting to additives. Some fuels have higher cloud points, and all fuels react differently to additives.  Year-round testing allows …

Tank Maintenance and Microbial Growth

Hirschman Oil Supply News

A well designed and executed tank maintenance program will help avoid issues caused by excessive buildup of moisture or water and prevent microbial born infestations. Modern fuels are more susceptible than ever to microbial growth (commonly called “bugs” or “algae”). Moisture-related issues that can lead to many other problems such as poor fuel quality, damage to storage tanks, and general …

Thriving This Winter: Treatment Methods to Better Treat Modern Fuel

Hirschman Oil Supply News

Sell Full Article in PDF Introduction Fuel refiners are constantly working to improve methods in order to optimize output and improve profitability. Even though changes in refining methods and new sources of crude stock can be economically advantageous, they routinely require new characterization for cold weather operation, i.e., more extensive lab testing and treatment response.   Weather-related failures could often …