• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 9 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 34 mins Wind droughts
  • 39 mins ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 18 hours Xi Is Set To Be Re-Elected As China’s Leader
  • 9 days Oil Prices Fall After Fed Raises Rates
  • 11 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 14 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
Editorial Dept

Editorial Dept

More Info

Premium Content

The Perfect Storm Is Brewing In U.S. Diesel Markets

1. Threat of Railways Stike Highlights U.S. Energy Vulnerability

- The prospect of a nationwide railway strike pushed US natural gas futures up above 9 per mmBtu, amidst fears of coal-by-rail disruptions, underscoring the importance of gas in power generation.

- According to the US EIA, consumption of natural gas in the United States is set to rise to an all-time high of 86.6 bcf per day in 2022, amidst retirements of coal-fired power plants.

- Considering that the railway-unions deal is still tentative, a resurfacing risk of strikes would lift Henry Hub futures again as 70% of all coal deliveries to US power plants are handled by rail.

- September is usually the month with some of the largest weekly builds in gas stocks before the winter kicks in – an emergency gas generation ramp-up might disrupt gas injection rates, adding another layer of pressure on prices.

2. Middle East Makes Claim for Europe’s Diesel Market

- According to Reuters, the Middle East is poised to become the largest diesel supplier to Europe as regional buyers are preparing for the onset of EU sanctions on Russian products in February 2022.

- The combination of extremely low middle distillate stocks and remarkably healthy diesel cracks, still around $50 per barrel despite the recent price drop, makes Europe a coveted destination.

- Europe’s imports of diesel have been increasing in September so far, moving up to 1.65 million…

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News