It’s been a year since OPEC chose to make major production cuts to balance supply and boost falling prices. What happens next? Plus, could a significant oil spill in South Dakota cause a spike in the price you pay for the fuel that moves your goods to market?
Breakthrough®Fuel clients should watch their email inboxes for the December edition of the Breakthrough®Advisor. Here’s what you can expect …
OPEC Meeting Impact
There was significant buzz around the late November OPEC meeting that caused some minor price movements. The purpose of the meeting was to decide OPEC’s path beyond March of 2018 when production cuts are scheduled to expire.
There were questions as to whether it would deepen or extend across-the-board production cuts. We’ll provide immediate analysis on how OPEC’s recent decisions could influence fuel markets now and into 2018.
Keystone Pipeline Spill
Nebraska regulators have voted to approve a permit for the controversial Keystone XL pipeline, and the project will move forward even as opponents are planning further protests.
Of course, that’s just one phase of an entire system. An issue having more immediate effects on fuel prices is a spill along the original Keystone pipeline from Canada. More than 200,000 gallons spilled into fields in South Dakota resulting in a shutdown. The pipeline reopened on November 28, with drastically reduced capacity.
What’s the extent of the damage and what impact will the spill have on North American diesel prices? The December edition of our Breakthrough®Advisor will take a closer look.
The Applied Knowledge team will also provide its regular reporting on transportation fuel markets along with the forecast and outlook for December.
While the full Breakthrough®Advisor is an exclusive publication for our clients, interested parties can receive a sample version of the publication. Use the form at the bottom of this page to review this content for yourself.
Breakthrough®Fuel also publishes Global Advisor Brief: Mexico, which follows Mexico’s ongoing energy reform and fuel liberalization. Click here for more information on receiving select portions of that publication.
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