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Supply, Marketing, Distribution, Transportation & Logistics News & Information
May 2017 Issue

FP Daily

May 26, 2017: OPEC True to Its Word, but Market Still Disappointed

Analysis by Dr. Nancy Yamaguchi   Market prices have been volatile all week, as OPEC and non-OPEC members met in the days leading up to yesterday’s formal session in Vienna, and various announcements were made along the way. The announcements were generally confident and constructive. However, as noted earlier, this suggested that anything other than...

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May 25, 2017: Gasoline Prices Moderate Heading Into Memorial Day

May 25, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 25, 2017: Gasoline Prices Moderate Heading Into Memorial Day

Analysis by Dr. Nancy Yamaguchi   The Energy Information Administration (EIA) announced that U.S. gasoline supplies are abundant, and that prices are moderate moving into Memorial Day weekend. According to the EIA, “Relatively low crude oil spot...

May 24, 2017: OPEC Meets Today on Production Cut Extension

May 24, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 24, 2017: OPEC Meets Today on Production Cut Extension

Analysis by Dr. Nancy Yamaguchi   Prices for crude, diesel and gasoline now have opened higher for five consecutive trading sessions. OPEC and key non-OPEC oil producers are meeting in Vienna today to make a long-awaited decision as to whether the...

May 23, 2017: Price Strength Continues, Gasoline Retail Prices Begin Upward Trend

May 23, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 23, 2017: Price Strength Continues, Gasoline Retail Prices Begin Upward Trend

Analysis by Dr. Nancy Yamaguchi   The Energy Information Administration (EIA) has released data on gasoline and diesel retail prices for the week ended May 22. At the national level, gasoline retail prices rose by 3.0 cents/gallon. Diesel prices declined...

May 22, 2017: Saudi Minister Announces All are “On Board” for Extension of Production Cuts

May 22, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 22, 2017: Saudi Minister Announces All are “On Board” for Extension of Production Cuts

Analysis by Dr. Nancy Yamaguchi WTI crude prices hit $51/b this morning, continuing last week’s upward price trend. OPEC and non-OPEC oil producers started meeting in earnest to hammer out details of an extension to the production cuts. Saudi Oil Minister...

May 19, 2017: Crude Regains $50/b Level as Rally Continues

May 19, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 19, 2017: Crude Regains $50/b Level as Rally Continues

Analysis by Dr. Nancy Yamaguchi   West Texas Intermediate (WTI) crude prices have regained the $50 per barrel (/b) mark this morning, as yesterday’s rally continues in today’s early morning trading.   Prices have been volatile this week....

May 18, 2017: Prices Weaken as Political Turmoil Trumps Fundamentals

May 18, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 18, 2017: Prices Weaken as Political Turmoil Trumps Fundamentals

Analysis by Dr. Nancy Yamaguchi   Prices are volatile as the markets react to swift-paced news headlines. Constructive data at the fundamental level appears to have been trumped by political turmoil, causing prices to weaken.   At the fundamental...

May 17, 2017: Oil Price Rally Falters

May 17, 2017 • App Homepage, FP Daily, Fuel Price NewsComments Off on May 17, 2017: Oil Price Rally Falters

Analysis by Dr. Nancy Yamaguchi   A four-day streak of rising oil prices was broken this morning, though early buying interest has allowed prices to recoup some of the loss.   The recent price rally began last week when the Energy Information...

May 16, 2017: Gasoline and Diesel Retail Prices Subside Three Weeks Running

May 16, 2017 • App Homepage, FP Daily, Fuel Price News, Lower RightComments Off on May 16, 2017: Gasoline and Diesel Retail Prices Subside Three Weeks Running

Analysis by Dr. Nancy Yamaguchi   The Energy Information Administration (EIA) has released data on gasoline and diesel retail prices for the week ended May 15. At the national level, gasoline retail prices declined slightly by 0.3 cents/gallon. Diesel...

May 15, 2017: Prices Surge at Prospect of Nine-Month Extension to Production Cut Deal

May 15, 2017 • App Homepage, FP Daily, Fuel Price News, Lower RightComments Off on May 15, 2017: Prices Surge at Prospect of Nine-Month Extension to Production Cut Deal

Analysis by Dr. Nancy Yamaguchi   Crude and product prices are surging this morning following Saudi Arabian and Russian statements supporting a nine-month extension of the OPEC-non-OPEC production cut deal.   Following the mid-week price surge last...