Relatively stable oil prices year to date have been jolted higher since Hurricane Harvey and the vote for independence in Kurdistan, reports contributing writer Paul Kuklinski. While surplus oil inventories have declined significantly since the OPEC production cut, a large surplus to the five-year average will likely remain the rest of the year without a supply disruption, he writes. Kuklinski ...

Heating oil and propane marketers serve more than six million homes, or approximately 30% of the residential space heating market in the Northeast, according to a new NEFI analysis, writes Jim Collura, director of legislative affairs for the New England Fuel Institute, Worcester, Mass. Market share is even higher in New England, where one of the two fuels is reportedly ...

The preliminary agenda for the 13th annual Biofuels Financial Conference & Expo, Sept. 27-28 in Minneapolis, Minn., was announced by Christianson PLLP. The event focuses on the best ways for biofuels producers to become more familiar with the latest financial options in today’s ethanol and biodiesel industries. The two-day event will reveal various financial strategies for biofuels financial leaders and executives, so they ...

Introduction of new technology clean diesel truck engines and emissions control systems into the nation’s trucking fleet over the last five years is now at a 30% level and has yielded significant emission reductions and substantial fuel savings, according to research commissioned by the Diesel Technology Forum. “Almost three million heavy-duty diesel commercial vehicles introduced in the U.S. from 2011 ...

Fuel industry veterans Stan “Smitty” Smith and Dries van Wagenberg have launched Atlantic Advisory to help marketers solve and prevent specific petroleum-related issues. Atlantic is a vendor-independent adviser and distributor with multiple resources in the U.S. and abroad. Typical clients are fuel oil dealers, convenience stores, terminals and fleets. To learn more, e-mail van Wagenberg at dmvanwagenberg@gmail.com or Smith at pumpmaster45@aol.com.

Shipley Energy announced that Joshua Bailer has joined the company as vice president of wholesale fuels. In his new role with Shipley Energy, Bailer will lead and manage the team that oversees the purchase and sale of liquid petroleum products, including heating oil, propane, diesel and gasoline. He will seek to improve Shipley Energy’s buying and risk management strategies in ...

The Propane Education & Research Council (PERC) selected industry veteran Thomas “Tucker” Perkins as its next president and chief executive officer, PERC Chairman Thomas Van Buren announced in a statement issued by the Council. “We received interest from highly qualified individuals both within and outside our industry, which speaks volumes about the respect and recognition that PERC has earned in ...

U.S. demand for refined petroleum products is forecast to total 6.2 billion barrels in 2021, according to “Refined Petroleum Products: United States,” a report released by Freedonia Focus Reports. In the report, total demand and total production are segmented by type: gasoline distillate fuel jet fuel residual fuel other products such as asphalt, petroleum coke, and still gas To illustrate historical ...

Global Partners LP has reformulated its proprietary high-performance diesel fuel, Diesel One®, to address the compatibility concerns associated with today’s ultra-low sulfur diesel fuel and advanced engine technology, the company announced. Global says the product—effective in all diesel-powered equipment and engineered to support the use of biodiesel in ultra-low sulfur fuels—is field tested and proven to restore efficiency, performance, and ...

Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high 17.7 million barrels per day (b/d) for the week ending May 26, before dropping slightly to 17.5 million b/d for the week ending June 2 and 17.6 million b/d for the week ending June 9, reports the Energy Information Administration. Product supplied to the ...