Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...
The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
The relationship between feedstock soybean oil and blendstock heating oil rose Tuesday to hit its highest level in more than two and a half years, as rising feedstock prices continued to bite. The "boho" factor, as the relationship is ...
Tags: soybean oil, feedstock
With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
Line space on Colonial Pipeline's distillate Line 2 on Wednesday fell back to the lowest point seen this year on a tighter US Gulf Coast/Atlantic Coast spread for ultra low sulfur diesel. Platts assessed line space on the 1.16 million b/d ...
Oil futures held near nine-month highs Monday on concerns that escalating violence in Iraq could spread to the country's oil-producing southern region. ICE August Brent settled 48 cents higher at $112.94/barrel. The front-month contract ...
Tags: Oil Futures, Crude futures
US commercial crude stocks rose 1.45 million barrels to 383.91 million barrels in the reporting week that ended June 6, American Petroleum Institute data showed Tuesday. Analysts surveyed Monday had been expecting a 1.2 million-barrel ...
Tags: Crude Stocks, crude futures
The relationship between feedstock soybean oil and blendstock heating oil that the biodiesel industry uses to gauge costs and margins rebounded Tuesday from hitting a three-month low Monday. The "boho" factor, as the relationship is also ...
Tags: heating oil, Biodiesel
European ultra low sulfur diesel premiums to the front-month ICE gasoil futures contract hit their weakest level in over four months Friday as large volumes flooded the region from the Americas and the Baltic. Northwest European cargo ...
Tags: low sulfur diesel, gasoil futures
US commercial crude stocks fell 10.3 million barrels to 390.69 million barrels for the reporting week ended May 16, American Petroleum Institute data showed Tuesday. The draw is far larger than analysts had expected. A Platts survey of ...
Tags: Crude Stocks, NYMEX crude
Ultra low sulfur diesel premiums in the northwest European CIF cargo market fell to $11.25/mt above May 0.1% ICE gasoil Futures Friday, their lowest since January 28 according to Platts data, after a sharp $3/mt fall in the cash premium ...
Tags: Diesel Cargo, low sulfur diesel
The US will set up its first strategic gasoline reserve, creating 1 million barrels of storage in the Northeast to protect against storms like Hurricane Sandy, which wreaked havoc on fuel supplies in the region, officials said Friday. But ...
Tags: Gasoline, gasoline reserve
US crude stocks climbed 3 million barrels to 391.7 million barrels in the week that ended April 25, as inventories at the Cushing, Oklahoma, delivery hub rose, data Tuesday from the American Petroleum Institute showed. Analysts polled by ...
Tags: Crude Stocks, USGC imports