Welcome to the Fuel Matters Blog

A resource to help you buy and manage fuel better

crude oil


Positive News For Oil Futures

By: Matt Reese / Posted on: December 11, 2020

The oil market received positive news on Thursday as oil futures for Brent and WTI Crude rallied for the first time since the oil price crash in early March, all fueled by the positive news of vaccine approval in Canada and the United Kingdom. Brent Crude hit $50 per barrel, while WTI Crude was trading as high as $47.23 Thursday. Analysts are optimistic that this may be a strong indication that the economy will receive a boost heading into next year.

Read More

OPEC+ Predicts Oil Market Deficit in 2021

By: Jon Babyak / Posted on: November 17, 2020

 

Read More

OPEC+ Alterations Amidst Additional Oversupply

By: Ryan Wolfe / Posted on: November 10, 2020

For the 2021 calendar year, there will be 5.8 million barrels per day crude production cuts. These cuts are an effort to balance the current oversupply due to COVID-19 with an estimated demand forecast for the year.

Read More

Shot Heard Round the World...Vaccine Update

By: Adam Dunlap / Posted on: November 9, 2020

News of the Pfizer vaccine is spreading like wildfire around the world today. Covid-19 has killed more than 1.2 million people the world over. Today, Pfizer announced a vaccine that has a 90% effective rate with no serious safety concerns. If these numbers are to hold true, Pfizer’s new vaccine would hold up to the childhood disease vaccines like measles. Additionally, Pfizer says it expects to have 15 to 20 million vaccines ready in the US by year’s end provided the FDA issue emergency authorization later this month. They also predict to have over 100 million doses ready worldwide.[1]

Read More

Market Drop

By: Ryan Wolfe / Posted on: September 3, 2020

The most recent WTI drop of 2.9% is the largest in a month. Supply versus demand continues to be a curious topic that is the main driver of the current crude oil situation.   Oversupply of crude oil in 2020 continues as just in the past few days in the North Sea there are a combined 12 cargoes that have yet to find a buyer suggesting slow demand is taking place in the region.  

Read More

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

Subscribe to our blog

Price Feed

Stay up-to-date on current fuel prices and market trends with our NYMEX price feed (15 minute delay to the live market).

© 2018 Market data provided and hosted by Barchart Market Data Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

Categories

RSS FEED

feed-icon-28x28.png
Contact Us