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Economic Outlook and Coronavirus Update

By: Ali Ventura / Posted on: February 11, 2020

Federal Reserve Chair Jerome Powell provides twice-a-year updates to Congress regarding the outlook for the U.S. economic growth. Today he will be testifying before Congress and the expectations are for a positive update.

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The Coronavirus Effects on Trade

By: Matt Karol / Posted on: January 27, 2020

This morning, WTI crude oil prices traded as low as $52.13/barrel, the lowest level since October of last year. With threats of the Coronavirus spreading, travel and trade have become a factor in this sell off.  With the fear of the disease spreading until there is a vaccine, traders forecast travel will be subdued, meaning oil demand will decrease and thus so do oil prices.

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Light Liquidity

By: Mike Dombroski / Posted on: December 20, 2019

As the end of this week winds down and people prepare for the holidays next week, light liquidity will most likely be the name of the game in our energy markets. Light liquidity means trading volume is lower than normal which is to be expected during this time of year. Therefore, the bid/ask spreads are wider. Meaning that if the computer-driven trading houses decide to either buy or sell a lot of volume, the market can move violently in one direction rather quickly. What does this mean for our industry? This means that our customers can be very opportunistic especially if we see a retracement in prices after this rally we’ve seen since the beginning of December.

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China Reduces Oil Products Tariffs

By: Jon Babyak / Posted on: December 19, 2019

The volatility of the China-United States trade war may finally be slowing down.  Only a few days after agreeing to phase one of a new trade deal, China has announced a one-year tariff exemption on six chemical and oil derivatives, a positive sign that tensions are easing, and progress is being made.  These exemptions become effective on December 26, 2019 and are set to expire on December 25, 2020.

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China Crude Crunch

By: Ryan Wolfe / Posted on: August 5, 2019

President Trump recently threatened to tax, nearly $300 billion dollars of Chinese products, by 10%. The already volatile oil market, seems to have room for some extra volatility. The volatility would largely cycle around China’s response to the U.S. tariffs. If China responds by purchasing oil from Iran, analysts speculate crude could rapidly approach $30 per barrel. Trump could impose the sanctions on the Chinese imports as soon as September 1st. Trump also threatened that he could raise the tariff, if no progress has been made towards a trade deal.

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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.

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