Refined Products
Gasoline, diesel, jet and crack spreads.
What a Diesel Export Ban Could Mean for Diesel & Crude Prices
A U.S. diesel export ban could provide some relief to domestic fuel prices, but its effects could extend beyond diesel. Whether that relief lasts, and how ...
· Narciso Cano3 min read
Recent U.S. Supreme Court Ruling Could Make Completing Energy Infrastructure Easier Again
The court ruled in Seven County Infrastructure Coalition v. Eagle County, Colorado to limit the scope of environmental review obligations under the Natio...
· Ryan Alexander2 min read
Soft Demand and Rising Supply Widen Global Oil Market Imbalances
The International Energy Agency’s (IEA) July 2025 Oil Market Report (OMR) presents a deteriorating picture for the global oil balance. World oil dema...
· Narciso Cano2 min read
US Diesel Demand Flashes False Warning
US distillate demand is far from the seasonal 25-year lows implied by data from the Energy Information Agency, a bearish warning indicator which has stoked macroeconomic fears among energy traders and economists alike.
· Zander Capozzola3 min read
Can Global Refining Capacity Keep Up With Growing Oil Demand?
The global refining complex is walking a fine line with available capacity as global oil demand surges. The widening gap spells trouble, threatening to dri...
· Rishi Rajanala3 min read
Rising Jet Fuel Prices: A Challenge to the Aviation Industry's Recovery
Demand Recovery The first half of 2023 has been promising for the aviation sector. Jet fuel consumption soared to an average of 5.9 MMBbl/d from January t...
· Rishi Rajanala3 min read
New Fuel Regulations Threaten Fuel Fungibility and Price Discovery
New renewable-fuel regulations and an all-or-nothing push for E15 sales could threaten fuel fungibility, increase costs, and upend the world's most mature ...
· Zander Capozzola4 min read
Retail Diesel Prices Hit the Lowest Since February
Could falling demand and rising inventories be to blame for the sharp decline in diesel prices? December 14, 2022 - U.S. Retail diesel prices have been ...
· Rishi Rajanala2 min read
U.S. Refining Margins Hit an All-Time High
Refinery outages, high fuel demand, and low inventories are setting up a perfect storm for the refined products market ahead of winter.
· Rishi Rajanala3 min read
Are Weak Diesel Prices Hinting Economic Trouble?
CME New York Harbor diesel futures have plunged, possibly signaling a slowdown in fuel-powered industries, including trucking, farming, and rail Septemb...
· Rishi Rajanala2 min read
Oil-Refining Crunch and There's No Fix in Sight
A potential supply crisis is on the horizon as fewer domestic refineries produce a greater portion of the country's refined products United States' ener...
· Rishi Rajanala3 min read
Federal Gasoline Tax Cuts Could be a Bullish Catalyst for Oil, Fuels Prices
Oil demand could move even higher if the lower retail gasoline prices encourage more transportation fuel demand. We are in the early innings of the...
· Nick Hillman3 min read
Producer Consuming Diesel? Hedge The Crack
Many oil and gas producers consume diesel in their daily operations. As diesel prices have hit new record highs, producers have paid more attention to this...
· Jay Stevens1 min read
Gasoline and Diesel Prices Surge to Record-Highs; Is More Pain Ahead for Consumers?
Gasoline and diesel prices have surged to fresh record highs in recent weeks and have hurt companies exposed to floating price risk. Demand for petroleum products has been ticking higher lately, approaching pre-pandemic highs.
· Nick Hillman3 min read
3:2:1 Crack Spread Hits Record-High as U.S. Refining Capacity Shortage Worries Mount
The 3:2:1 crack spread has set several fresh new record-highs over the last several weeks as several parts of the country are facing product shortages that have sent gasoline and diesel prices to record levels.
· Nick Hillman2 min read
Gasoline Prices Hold at Multi-Year High; Demand is Back
A combination of depleted inventories, limited production, and surging demand has pushed gasoline prices to a multi-year high of around 225 cpg. Prompt-mon...
· Nick Hillman2 min read
U.S. Opens Border for Int'l Flights; Increasing Air Traffic May Boost Oil Demand
Air travel is expected to see a boost, as the U.S. has opened its airports to any international travelers who are fully vaccinated against COVID-19. Since ...
· Nick Hillman3 min read
Beware Gulf of Mexico Producers; Hurricane Season Is Here
The NOAA is predicting another above-normal Atlantic hurricane season, and everyone with production exposed to areas prone to hurricanes needs to be aware.
· Nick Hillman2 min read
Oil Demand Recovery Faces Uncertainty as India COVID-19 Outbreak Worsens
India reported 379,257 new COVID-19 cases on Thursday, April 28, with 3,645 new deaths, making it the deadliest day for any country since the start of the ...
· AEGIS Market Analytics2 min read
A Full Recovery In Jet Fuel Demand May Take A While
Jet fuel is an important refined product for crude oil demand, but it may be years before there is a return to pre-COVID levels. Demand for liquid petrole...
· AEGIS Market Analytics2 min read