ULSD

After surge in diesel futures price, retail prices catch up, benchmark rises

The diesel benchmark price used for most fuel surcharges took its biggest one-week leap Monday since January.

The Department of Energy/Energy Information Administration average weekly retail diesel price rose 6 cents a gallon to $3.536. It ends a streak of five consecutive declines and is the biggest increase since the price of Jan. 20. But the price now is only 0.2 cents a gallon more than where it was four weeks ago, on April 21.

The futures price for ultra low sulfur diesel (ULSD) on the CME...

https://www.freightwaves.com/news/after-surge-in-diesel-futures-price-retail-prices-catch-up-benchmark-rises

Surging fuel costs are masking trucking spot rate decline

Chart of the Week: Ultra-Low Sulfur Diesel Rack Price, Diesel Truckstop Retail Price, Truckstop.com Average Van Rate per Mile – USA SONAR: ULSDR.USA, DTS.USA, TSTOPVRPM.USA

The price of diesel fuel has increased 23.8% since Aug. 23 while the average spot rate is on par with where it was prior to Labor Day. The big takeaway here is that spot rates would probably be falling more rapidly if not for the surging cost of fuel, but what does this mean for the upcoming holiday season for trucking?

Fuel...

https://www.freightwaves.com/news/surging-fuel-costs-are-masking-trucking-spot-rate-decline

What Will Happen When IMO2020 Hits?

It’s all over but the shouting. That’s how John Kingston describes the oil market in his article published in the Freight Waves. 

It’s a perfect description of where the oil market stands – and by extension, the trucking and rail markets – as we await the introduction of IMO 2020 over the next few months.

Lot of Brain Power Analysing the Issue

We say “it’s all over but the shouting” because the market is at the point where the conferences have been held, various research agencies have produced...

http://mfame.guru/what-will-happen-when-imo2020-hits/

IMO Change Determines the Fate of Crude Markets

PBF Energy Heavy refiners predicts a lag in the crude markets owing to IMO change, reports Argus Media.

The company still expects to take advantage of cheaper sour feedstocks in the second half of the year as the global marine fuels market moves to a lower-sulfur standard.

Shift to lesser Sulfur emissions

The International Maritime Organization (IMO) will require on 1 January 2020 that marine fuels move to 0.5pc sulfur emissions, down from the current 3.5pc sulfur.

US complex refiners such as PBF...

http://mfame.guru/imo-change-determines-the-fate-of-crude-markets/