September Market Update Summary OPEC+ plan to increase output 137,000 b/d in Oct continues BEARISH trend for Dated Brent OPEC+ announced Sept. 7 a 137,000 b/d increase in output for October. Which is in addition to the previously announced 2.2 million b/d of OPEC+ voluntary cuts. This move is BEARISH for oil prices. In its announcement, […]
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August Market Update Summary Current Market Outlook The global petroleum market is facing a delicate balance between geopolitical tensions and supply dynamics. According to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, Brent crude oil prices are forecast to average $69 per barrel in 2025, a modest increase driven by heightened geopolitical risks—particularly surrounding Iran’s […]
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July Market Update Summary Current Market Review The market, ahead of peak summer supply and demand, is working to find a balance for projected demand. Both gasoline and diesel demand are down – gasoline down 1% year-over-year through June with decreased recreational travel, and diesel falling 115,000 barrels/day in March, with demand expected to fall through […]
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June Market Update Summary One Big Beautiful Bill Act Passed by the House of Representatives on May 22nd, The One Big Beautiful Bill Act is a major piece of tax and federal spending legislation with implications of its tax incentives resonating throughout the entire U.S. Energy Industry. Although there are many components to the act itself, […]
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April Market Update Summary Current Market Review Overall, the market is trying to find its footing, balancing tariffs, soft economies, and increased volatility. In the U.S., gasoline consumption is projected to remain relatively flat in 2025 and decrease slightly in 2026. This trend is attributed to gains in fuel efficiency and slower employment growth, which are […]
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April Market Update Summary • Current Market• Tariffs and Volatility• Implications• Indicators Current Market Review Crude oil prices are a big factor here. Recent tariffs and retaliatory measures by the US and China are expected to slow global economic growth and reduce oil demand growth. This could lead to lower crude oil prices, which in turn […]
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(BELLE VERNON, PA, March 26, 2025)—Guttman Holdings, Inc, a 100% employee-owned organization and the parent company of Guttman Energy, Inc., Guttman Renewables, LLC, and Source One Transportation, LLC announces today that the Pennsylvania/Delaware Chapter of The ESOP Association presented Guttman Holdings with this award on March 26, 2025, at The ESOP Association’s spring chapter conference […]
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March Market Update Summary • Refinery Closures• Impact of Tariffs• Heating Degree Days• The Transition to Summer Grade Gasoline Domestic Refining Capacity and Demand This year, two United States refineries are scheduled to cease operations. The Houston-based LyondellBasell refinery has already initiated its shutdown process, reducing the nation’s refining capacity by 264,000 barrels per day. Additionally, […]
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February Market Update Summary • Tariffs, Feedstock Alternative, and Canadian Crude • OPEC Update • Presidential Priorities, Ethanol, and RVP Tariffs, Substitution, and Canadian Crude The new presidential administration is shaking up the normal routine for oil refiners in the Midwest, as President Trump plans to institute tariffs on Canadian crude coming into the nation. These tariffs […]
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Market Update – 2024 Review Summary • 2024 Market Overview• Geopolitical risk• Refinery Operations• OPEC Production 2024 Market Overview In 2024, U.S. retail gasoline prices averaged about 20 cents less than in 2023. The U.S. retail price for regular grade gasoline averaged $3.30 per gallon (gal) in 2024, $0.21/gal less than in 2023. Lower crude oil […]
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