Fuel News

OPEC sees a first-quarter supply/demand surplus that is now likely to be smaller than earlier forecast.

Fuel levies hit two weeks before other surcharges and eight days after 2022 rate increases.

Also on the podcast: What’s holding back US investment in more oil drilling?

Even as retail prices drift lower, commodity diesel prices have posted two days of sharp declines.

Renewable diesel continues to grow in popularity due to its emission-reduction potential and health benefits for workers and surrounding communities.

Also on the podcast: The incredible shrinking US refining sector.

“Demand for RNG will continue its rapid growth trajectory. We are in the early days of seeing corporate goals to reduce carbon turned into actual actions,” Greg Roche, vice president of sustainability at Clean Energy, told FreightWaves.

Commodity markets have calmed down for now at least, and retail is catching up to earlier declines in the wholesale market.

Also on the podcast: The market for diesel exhaust fluid.

Suppliers of the vital product report tight supplies but so far appear to have been able to meet their required deliveries.

CNGmotive’s solution for fueling locomotives provides potential to decarbonize rail using renewable natural gas.

Diesel prices on the key commodity exchange were sharply higher Monday.

Also on the podcast: OPEC+ surprises with more oil in January.

While times of uncertainty like these can be troubling, what goes up must come down – or at least level off. The price of diesel fuel is projected to lower to a national average of $3.09 in middle and latter parts of the coming year, offering a sigh of relief for trucking.

Markets will likely need time to settle before the retail markets capture much of the recent decline in commodity diesel prices.

The decline is far from the largest percentage-wise, but raises the question of what will be the retail reaction.

Also on the podcast: What the release of oil from the Strategic Petroleum Reserve means.

Several forecasts that look into 2022’s supply-and-demand balance see a market more favorable to oil consumers than that of 2021.

Price of low-sulfur fuel is rising faster than high-sulfur fuel. Ships with scrubbers stand to gain.

Also on the podcast: Is the tide turning in oil markets?