Weak oil demand has limited refinery intake of crude oil for processing into refined products. Read more here.
Weak oil demand, not supply, is driving current low oil prices, with global manufacturing and industrial production downturns ...
The benchmark diesel price used for most fuel surcharges declined in the middle of a wild swing in futures markets.
EIA also raised its forecast for the national average wholesale gasoline price in Q4 by 2cts, or about 1%, to $2.10/gal, while cutting its average retail price forecast by 1.2%, or 4cts, to $3.11/gal.
Following a week of up-and-down futures prices – but with the “up” not lasting particularly long – the benchmark diesel price ...
Natural gas trucks may displace 380,000 bpd of diesel globally ... main driver in oil consumption growth, with crude imports down 2.8% so far this year, weakening global prices.