Diesel spot and futures prices in major world markets continued to show weakness last week, in the face of bulging supplies. Nymex November heating oil (gas-oil) traded around US$1.78 per gallon (/gal), but Nymex November ultra-low sulfur diesel (ULSD) was stronger at $1.86/gal. Spot ...
Fuel Futures: Diesel Will Spike on IMO2020© bluedesign/Adobe Stock New marine fuel rules to boost diesel prices for at least a year -analysts Global prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain ...
The prices are for at least 5,000 barrel batches shipping any time during a named month, with differentials assessed against Nymex ultra low sulphur diesel (ULSD) futures and California Air Resources Board ULSD plus costs levied on the diesel fuel position holder at the terminal...
Support in 2025.Distillate fuels like diesel and gasoil have a range of uses, including as a motor fuel, for heating and powering factories. But a shift in global car and truck fleets to cleaner or renewable fuels, particularly in China, has slashed demand. Still, the Inter...
Fuel distributors and suppliers utilise our ample coverage of the biofuels market to identify trading opportunities based on spot market prices and transport costs. Midstream companies Midstream companies benefit from our data about volumes traded by producer region, enabling transport and logistics companie...
Current oil prices are above the futures price, implying that the market has tightened, Forbes’ Lynch explained. Some analysts from the Wall Street Journal andBloombergreported that the market has tightened as a result of the efforts of the Organization of the Petroleum Exporting Countries and its...
Here’s our region-by-region breakdown of U.S. spotdiesel priceseast of the Rocky Mountains – the Gulf Coast, Northeast and Midwest –independent from market shifts motivated by the coronavirus outbreak. Remember, the price you pay for diesel at the wholesale level starts in the futures marke...
The objective of this research was to estimate models based on futures markets to forecast diesel fuel prices. Results suggest diesel fuel prices forecasted using the crude oil or heating oil futures market are reasonably accurate, and that this approach is superior to using a historical average. ...
Meanwhile, California and Pacific Northwest cash diesels’ differentials also received a boost. Prompt L.A. CARB diesel was at one point in April assessed at plus 20cts/gal to NYMEX ultra-low-sulfur diesel futures, which marked the strongest since September 2012. In terms of outright prices,...
The six-month spread in European diesel futures went into a record backwardation of nearly $600/t. In a backwardated market, current prices trade at a premium to prices for future deliveries, which makes it uneconomical for traders to put diesel into storage and book a profit. ...