Crude and retail prices, despite the usual market fluctuations, have been on a steady decline over the last two months. Brent crude peaked in early March at over $125/barrel and exceeding $120/barrel again in June. WTI crude was much the same, surpassing $120/barrel in both March and June. Brent and WTI, year-to-date, have hit 28 […]
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Although some may argue it is paradoxically named, The Inflation Reduction Act is set to dramatically impact the landscape of decarbonization in the energy sector. Passed by the U.S. Senate on August 7th via the budget reconciliation process, the legislation is expected to be passed by the House of Representatives as well when they meet […]
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For much of this year, the refined fuel market has been extremely tight because of the Russian invasion in Ukraine. With prices topping out in June, we’ve been on a steady decline since then, but refineries continue to be at max capacity. Just this morning, the Department of Energy (DOE) released data that U.S. refineries […]
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Oil prices dropped Thursday to a near 6-month low, their weakest levels since prior to the Russia invasion on Ukraine. This was largely due to the concerning economic weakness in the United States and to Europe decreasing demand, but then prices seesawed as the market tightened supply. The demand outlook remains cloudy for the foreseeable […]
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It’s no secret that fuel prices are never stable. In fact, they’re one of the most volatile costs that we have to deal with on a daily basis, and when you own a fleet, the cost of fuel is even more important. To give you the most competitive fuel price, gas suppliers typically let clients […]
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Fuel is perhaps the most important asset to fleets of all kinds, and there’s no question that heading to the pump has been painful for the past several months. To keep your fleet on the road, you can’t avoid purchasing fuel, but you can ease the burden by opening a bulk fuels account. If you’re […]
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The European Union (EU) reached an agreement for an emergency regulation to cut their natural gas use by 15% from now until March 2023. As Europe prepares for a winter of uncertainty with continued supply disruption from Russia, the hope is to cut off all supply by next year. The EU plans to make the […]
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The second quarter of 2022 revealed that oil and gas production in the Permian Basin has exhibited no signs of slowing down production. Nearly half of all oil investments conducted between April and June came from the Permian. The Permian Basin is in West Texas and the adjoining area of southeastern New Mexico. It covers […]
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Joe Manchin is front page news this week for “torpedoing” his party’s expensive climate change policy in the US Senate. Big, obnoxious, outlandish headlines are a staple in modern media and politics. It’s a long-used tactic for decades and with the emergence of “fake news” narratives, social media reporting, and click-bait news cycles, it’s time […]
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It has been over 4 months since Russia invaded Ukraine late February and crude oil prices are finally close to where they were pre-war, but where do we go from here? WTI crude oil prices are trading sharply lower today, down $7.86 at $96.23/barrel. Before Russia invaded Ukraine on February 24th, crude oil prices were […]
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