HNewsWire-While the world has been fixated on crude oil and gasoline in recent weeks, we have been alerting readers to a much more severe situation unfolding in diesel, a source of energy that is vitally crucial in keeping the “just in time” world functioning on…
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Biden Says He Will Keep Tapping Oil Reserves
HNewsWire: “The Strategic Petroleum Reserve (SPR) is meant to protect consumers against emergency supply disruptions, not politicians during an election year,” Jeff Eshelman, president of the Independent Petroleum Association…
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HNewsWire:
East Coast retail diesel prices are soaring relative to the rest of the country, propelled by inventories in the region that are almost half of what they normally should be at this time of year.
Retail prices recorded in the DTS data series in SONAR tell the…
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HNewsWire:
Diesel supplies are very scarce across the Northeast and in the Southeast. Supplies are at the lowest seasonal level for this time of year, and the US only has 25 days left of the industrial fuel in storage. The crisis gripping the diesel market appears to be…
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HNewsWire-We cited the CEOs of several of the world’s largest independent energy traders earlier this week, who appeared at the FT Commodities Global Summit in Lausanne, Switzerland, and revealed a bleak outlook for the diesel market: “The main source of worry for…
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