OPEC officially extended their product cuts through the end of 2018, which caused markets to run up initially before a steep sell-off, and now prices are back near where they started. Crude prices gave up 43 cents (0.7%) yesterday in anticipation of the OPEC announcement, and are today struggling[…]
ALEXANDRIA, Va. – As new high pressure common rail diesel engines have increased their share of the U.S. market, there has been an increase in reports of engine breakdowns and failures presumably related to diesel fuel quality. While some assert a causal versus a coincidental relationship between[…]
Oil markets managed to eke out some gains yesterday despite trading lower for most of the day. Light volumes have kept prices from gyrating too significantly. Crude picked up a meager 13 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $57.87, 12[…]
As we get closer to the first official day of winter (Dec 21), temperatures across the country are beginning to get chilly. As we approach winter, forecasts of expected temperatures grow clearer, giving diesel-consuming fleets a better outlook of how to prepare for the winter.
Markets are on the downward trek this morning thanks to news yesterday evening that the Keystone pipeline will resume activities today, once more allowing fuel to flow from Canada to Oklahoma and Illinois. WTI crude prices have responded by falling 25 cents overnight, and continuing declines today.[…]
Prices are losing steam this morning after hitting new annual highs on Friday, with WTI crude at one point peaking above $59. On Wednesday, prices opened at $57.12, and gained 90 cents to close above $58. The Thanksgiving holiday was not enough to slow down markets, and prices ended Friday at[…]