WTI = purple, Brent = Yellow Looking at global happenings Late last week, crude oil prices hit a 15-month low as news spread of the Silicon Valley Bank collapse, instilling fears throughout Wall Street of more banking troubles to come in the near future. At the low on Friday, Brent and WTI crude were off […]
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Has this ever happened to you? You are scouring your local market for diesel or gasoline product, can’t find any, and then end up needing to go somewhere else for product? A supply disruption is no fun for anyone involved. Take a look at the inventory chart above. This depicts the national distillate supply situation […]
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Why all the heartburn? Are you struggling to get the fuel you need? Are your fuel deliveries late because you’re not under contract? Don’t let Low Fuel Inventory keep you up at night. Let’s describe why the fuel market is tight: U.S. refinery utilization has averaged 91.2% Refinery production is essentially maxed out domestically Distillate […]
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A fire broke out at the BP/Cenovus Energy Plant in Toledo, Ohio yesterday and has halted operations completely. Tragically, two employees were killed in the Ohio refinery explosion which happened late in the afternoon. This refinery can produce over 3 million gallons of refined products per day and is presumably going to be shut down […]
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