diesel Archives | Farmtario

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola looking for a spark

Recent declines in crude oil, diesel seen as bearish

By Phil Franz-Warkentin October 5, 2023

MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI […] Read more

NYMEX August 2023 West Texas Intermediate crude oil, with August 2023 Brent crude oil (black line). (Barchart)

Crops, Machinery, Markets

Extent of Saudi oil production cut unclear

Reported tensions within OPEC limit price gains

By Glen Hallick June 6, 2023

MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that move was bullish for the markets, by how much remains to be seen, said Phil Flynn of the Price Futures Group in Chicago. “It’s probably […] Read more

Crops, Markets

Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024

By Tom Polansek December 7, 2022

Chicago | Reuters — U.S. renewable diesel production capacity will more than double to about five billion gallons by 2024 from about two billion gallons, Bunge CEO Greg Heckman said on Tuesday. The agricultural commodities trader has not altered its own capacity plans due to a U.S. government proposal on biofuels announced last week, Heckman […] Read more

Machinery

Suncor to keep its Petro-Canada retail fuel business

By Nia Williams November 29, 2022

Reuters — Suncor Energy on Tuesday said it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. Suncor replaced its CEO in July and agreed to review its retail fuel unit by the end of this year after Elliott […] Read more

The former Come By Chance fuel refinery in Newfoundland, shown here in a file photo, was renamed Braya Renewable Fuels in November 2021 after Dallas-based Cresta Fund Management bought a controlling stake in the facility. (Benedek/iStock/Getty Images)

Crops, Machinery, Markets

Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel

By Laura Sanicola June 21, 2022

Reuters — A flood of U.S. renewable diesel plants set to come online in the next three years will not be enough to offset the loss of petroleum diesel refining capacity from plant closings since 2019, a Reuters analysis of federal data shows. U.S. refining capacity has declined in the last two years, as plants […] Read more

Machinery, Markets

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

By Glen Hallick June 7, 2022

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more

Crops

N.S. farm limestone program boosted against rising diesel prices

By Liam O’Connor June 6, 2022

Farmers in Nova Scotia facing rising prices for diesel fuel will see more funding via the Limestone Trucking Assistance Program (LTAP), which is expected to help offset some of those increased costs. “After touring multiple farms around the province to hear from farmers and meeting this morning with farmer Tim Marsh at the Nova Scotia […] Read more

NYMEX May 2022 West Texas Intermediate (WTI) crude oil (candlesticks) with Bollinger bands (20,2). (Barchart)

Machinery, Markets

Fuel prices may remain high beyond Russian invasion, expert says

By Adam Peleshaty March 22, 2022

MarketsFarm — The decision by the U.S. to halt the import of Russian petroleum products due to the country’s invasion of Ukraine created sticker shock at the pumps in North America — but an end to that invasion would not necessarily mean an end to high fuel prices. On March 15, the average price of […] Read more

Crops, Machinery

Engine maker Cummins says expects ‘some impact’ in Russia

Deere says will abide by sanctions

By Bianca Flowers February 28, 2022

Reuters — Diesel engine maker Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an e-mailed statement on Monday. Many firms have idled operations in Russia after it invaded Ukraine last week, resulting in powerful Western sanctions. […] Read more

Machinery, Markets

Gasoline, diesel prices set to continue rising

By Glen Hallick February 17, 2022

MarketsFarm — The steady rise in crude oil prices is based on three factors, according to Tom Kloza, global head of energy analysis for Oil Price Information Service at Lakewood, N.J. One of those factors is the amount of crude oil produced by members of the Organization of Petroleum Exporting Countries (OPEC), along with some […] Read more

Tag Archives diesel

ICE weekly outlook: Canola looking for a spark

Extent of Saudi oil production cut unclear

Bunge expects U.S. renewable diesel capacity of about five billion gallons by 2024

Suncor to keep its Petro-Canada retail fuel business

Surge in U.S. renewable diesel supply won’t offset loss of petroleum diesel

‘Petro-plectic’ anger rises toward fuel prices

N.S. farm limestone program boosted against rising diesel prices

Fuel prices may remain high beyond Russian invasion, expert says

Engine maker Cummins says expects ‘some impact’ in Russia

Gasoline, diesel prices set to continue rising

Cyber-Savvy Farmer