The Core Fuels Market Outlook for Q1, 2025

As 2024 comes to a close, we’re pleased to report continued stability in the energy markets. Crude oil is trading just above $70 per barrel, marking the low end of the year’s range. This trend has kept distillate and gasoline prices similarly restrained, while propane prices remain steady, as they have been for several years. […]

The Core Fuels Market Outlook for Q4, 2024

In spite of an assortment of political pressures throughout Europe and the Middle East, energy markets continue to trade lower. West Texas Intermediate crude oil has been trading around $70.00 USD for several weeks now. The impacts of the wars in Ukraine and the Middle East are being offset by reduced demand and increased supply […]

The Core Fuels Market Outlook for Q3, 2024

The energy markets remain somewhat stable throughout the spring and into early summer. Crude Oil (WTI) has stayed in the $75-$85 range for quite some time and inventory levels are consistent with last year at this time. Gasoline pricing has also remained consistent with last year and is trading at the lower end of the […]

The Core Fuels Market Outlook for Q3, 2023

Distillate and gasoline prices have been on the rise over the summer. Several factors have taken their toll. Geopolitical influences and cutbacks from OPEC have persistently weighed on the markets. With that being said, WTI crude oil has stabilized at about $80 per barrel for months now. Finished petroleum products have resisted this trend and […]

The Core Fuels Market Outlook For May, 2023

Energy markets continued to be somewhat steady throughout May. Crude Oil is in the low to mid-seventies, staying at the low end of the twelve-month average. The Nymex futures are within this range as well. Demand is strong and it looks like the market is well supplied. Distillate markets have also been steady at the […]

The Core Fuels Market Outlook For April, 2023

Energy markets have remained somewhat stable for the month of April. At the time of print, it looks like West Texas Intermediate price of crude oil will decline for a sixth straight month. Over the last three months, we have seen refinery margins shrink from recent highs. This has led to speculation that production will […]

The Core Fuels Market Outlook For March, 2023

The insolvency of several American and European banks has scared investors and put downward pressure on the energy markets. Speculation over a slowing economy is what drove the markets down. Consequently, energy prices have risen. WTI crude oil is back into the mid $70’s after falling below $70 mid-month. There was a large draw-down on […]

The Core Fuels Market Outlook For January, 2023

Energy markets, across the board, continued to slide in January as inventories build. Crude oil is trading in the mid-70s and has been trending downwards. Unfortunately, Canadian crude is still selling at a major discount to the WTI benchmark – which doesn’t benefit anyone. The lower crude market and inventory builds have helped push gasoline […]

The Core Fuels Market Outlook For November, 2022

The price of crude oil continued its decline over the month of November. As of press time, West Texas crude is sitting around $80.00 per barrel. Inventory levels in North America are still above last year’s levels, so we appear to be in decent shape. However, Western Canadian crude is trading at a $30.00 deficit […]

The Core Fuels Market Outlook For October, 2022

Distillate pricing has soared throughout the month on the back of a weak Canadian dollar. Refinery and terminal maintenance have contributed to major drawdowns in supply earlier in the month. Whether this impact is further realized is yet to be determined. Demand remains strong as we enter furnace oil season. Gasoline prices have reflected the […]