The Applied Knowledge Team at Breakthrough®Fuel is putting the finishing touches on the next Breakthrough®Advisor publication. Each month, we offer expert insights into the energy market, examining how recent developments may impact supply chain and transportation plans.
Here’s a preview of what’s coming your way inside the June 2017 Breakthrough®Advisor …
Inventory Falls and Diesel Prices Rise in May
From the first of May all the way through the month, we saw steady price increases in the diesel market. That’s because there has been a steady drop in crude oil inventory since April. Most view this as a sign of rebalancing to cut into the oversupply in U.S. crude stockpiles.
In our retrospective of last month, we’ll take a closer look at the numbers.
OPEC Maintains the Status Quo
Following the OPEC meeting near the end of the month, the decision was made to extend the current level of production cuts over the next nine months. In the upcoming June Breakthrough®Advisor, we’ll explore the immediate impact of OPEC’s decision. Plus, we’ll forecast how it may change the outlook for the U.S. diesel market in the near future.
Keep in mind, as OPEC is cutting production, the U.S. continues to ramp up its production of crude oil. We’ll have more on what that means to you.
While the decision to maintain and extend production cuts was expected, the initial reaction was somewhat unexpected to many. The Breakthrough®Fuel Applied Knowledge Team will explore what happened and why.
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