GLG News by Crude Oil Pipeline Experts

The content of this article is misleading. The EPA is simply enacting the provisions of the Energy Independence and Security Act of 2007. Furthermore, the EISA legislation sets Renewable Fuel Standards for total volume along with subsets requiring a minimum amount of a particular fuel.  After...

The Renewable Fuels Standard provides a baseload of demand for ethanol and biodiesel. However, the lower oil prices have impacted the economics for discretionary blending and could limit the continued growth in use of these alternative fuels.

During the middle of the summer in 2006, refining economics began to be turned upside down. NYMEX Heating oil futures prices and cash diesel prices were higher than NYMEX gasoline prices. This phenomena ended in February of 2007 but reappeared once in again by August and have remained with...

Airlines that hedged their jet fuel may now be looking at substantial unrealized losses (perhaps some has already been realized) depending on where they initiated their jet fuel hedge. Will this result in a nasty earnings surprise?

Even if the government cancelled, suspended or modified the Renewable Fuel Standard, industry would use a minimum 5.25 billion gallons per year just to meet federal, state and local requirements. Furthermore, given the current sales price of ethanol, there is great economic incentive to continue blending....

There is a serious effort on all parties, governments, producers, or consumers to shift the blame of high oil prices elsewhere. However, I believe that the oil price rise is a combination of both these factors. If we could solve the issues around inventories and money flows an answer...

There are two issues that I believe are melded into one in this article. The first is do we have enough refining capacity in the USA and the second is do we have alternative oil sources in the USA that could displace crude oil purchases from abroad.

Crude Prices are up approximately 30% this year. Product prices, especially diesel fuel have soared as well. Prices could decline  for many reasons: A stronger dollar forcing some speculators out of a short dollar long commodity position, significant declines in demand (or declines in...

Airlines are faced with a dilemma-- to hedge or not to hedge and if so how. Even Southwest Airlines, who runs the most agressive hedging program is at risk to increases in price as they note there is limited opportunity for heddging jet fuel.

The USA is so focused on gasoline that in my opinion many have lost sight of the fact that the oil market is being led up by strong diesel demand around the world. Oil prices are up roughly 30% since the beginning of 2008, and although the fundamentals in the long term point to higher...