Oil Prices and COVID-19 Coronavirus – Market Coverage and Resources
Newsletter: Sign up now for the Free Emergency Fuel Market Update. The COVID-19 outbreak has shaken the entire fuel supply chain and pushed market fundamentals to their limits. Subscribe free now to get clarity during this unprecedented time and understand where oil commodity prices are each week and compare them to week, month and year ago values.
News Stories: Read selected OPIS news stories from OPIS editors who analyze the effects of the crude price crash and coronavirus implications on spot, rack and retail refined products markets.
You can also visit the IHS Markit website for a broad list of recent news stories covering the Coronavirus impact on energy markets.
Free Webcast Recording: COVID-19 Webinar: Markets in Disarray: What Now, What Next? Understand the implications of coronavirus and falling demand across the fuel supply chain. Get the webinar recording free now.
RVP Requirements: Gasoline RVP Information & Infographic
General Oil Industry News, Videos, Podcasts and More:
Free Downloads – Spot & Wholesale Rack Pricing:
Free Downloads – Retail Fuel Markets, C-Stores/Gas Stations:
Mexico Fuel Markets:
Spot Market News Stories:
Sent right to your inbox, the free weekly newsletter from OPIS is a convenient way keep you up-to-date on the latest oil, fuel and gas market and pricing trends and covers the most important topics in the downstream oil industry.
Subscribe now and each week you’ll look forward to getting:
The OPIS Blog features expert tips, practical insight and timely pricing and market information. It covers the spot, rack and retail markets as well as gasoline, diesel, renewable fuels, NGL/LP, feedstocks, natural gas, jet fuel and crude oil. It’s the simplest way to gain a greater understanding of how fuel markets tick and keep up with changes that could affect pricing – and your bottom line.
OPIS leaders, drawing on 40+ years of industry expertise, team with guest experts to answer key oil, gas and fuel market questions in the fuel market in OPIS Crash Course Podcast. In each episode, we strive is to bring you a deeper understanding and necessary context about critical areas of the industry that you and your team need to grasp in order to buy and sell gasoline, diesel, jet fuel, NGL/LPGs and other energy commodities with confidence. Subscribe to the OPIS Crash Course podcast for instant notification as we release new episodes.
The convergence of two crises – COVID-19’s pandemic wreaking havoc across the world and the Saudi Arabia-Russia crude oil price war – has created a scenario in which there is a projected decline in American demand for refined products, causing stateside production of crude oil to decline.
Get this free report from OPIS for in-depth analysis of each of the following elements and understand how each has the potential to affect the NGL sector over the coming months and years.
OPIS’s longtime oil market analysts, Tom Kloza and Denton Cinquegrana, share their outlook on downstream energy markets for the year ahead.
Download your copy now and learn about:
Download the OPIS European Refined Oil Products Outlook and get expert forecasts for crude oil, gasoline & diesel, gasoil, naphtha, fuel oil and jet fuel prices in European markets in 2020.
Exclusive commentary, analysis, charts and graphs displaying key pricing and broader trends enhance your understanding of where these key commodity markets are headed next. Topics include:
Download the free European LPG & Naphtha Price Outlook 2020 special report for expert commentary that puts the market factors influencing the LPG and naphtha prices in European markets into context. Plus, an expert forecast of trends that will impact propane, butane and naphtha prices in Europe in 2020.
In this free outlook, you’ll find:
Download your free copy of this report now to get ahead of what’s to come in 2020 for the European markets so you’re empowered to make better buying and selling decisions for the year.
Download the 2020 Asia Oil Market Outlook for deeper understanding of these trends and added context to better inform buy and sell decisions based given the most influential pricing trends. With this insight, you’ll be better positioned to make market moves instead of reacting too late.
This free outlook report provides a timely update on key commodities including LPG, gasoil, naphtha, gasoline, bunker fuels, and jet fuel markets.
Several trends arose in the recycled plastics industry in 2019, from surges in HDPE to drops in prices for rPET and polypropylene bales. These factors are sure to influence the 2020 market for different grades of recycled plastics.
Download OPIS PetroChem Wire’s Recycled Plastics 2019 Prices and 2020 Outlook report to get expert commentary and analysis plus charts and graphs that help you understand the scope of market drivers in 2019. We’ll also dive into what’s next for recycled plastics in 2020 – new technologies and initiatives on the horizon and pricing analysis.
Propylene, particularly PGP, play an integral part in the costs that trickle downstream and spread throughout the refining, petrochemical and broader manufacturing industry. If you don’t fully understand the pricing method by which you are buying or selling PGP, you could be selling too low, or buying too high.
Download How Polymer Grade Propylene is Priced to strengthen your understanding of the PGP market and the different ways it can be priced.
A stronger understanding of each pricing method helps to identify which is the best for place on the supply chain, positioning you to save money by choosing the most cost-effective pricing method for your business.
Download this free report from OPIS PetroChem Wire experts to better understand how to protect yourself from price volatility. If you make or purchase a commodity reliant on ethylene, you could find yourself at the mercy of market price swings that could make or break your business.
But if you’re ahead of the market, you don’t need to be a prisoner of ethylene market volatility.
Forward Ethylene Markets: A Price-Protection Primer and Focus on a High-Exposure Market explains how to manage your ethylene price risk. We also examine the PVC market, a sector with heavy reliance on ethylene, to demonstrate how understanding the futures market directly impacts your bottom line.
Download the updated Fuel Buying 101 e-Book for a step by step guidance on how gasoline, diesel and other fuel products moves through the supply chain and how prices are determined.
Before you negotiate your next wholesale fuel supply agreement, here are 7 tips to help you write a contract like a pro. This checklist is perfect for gasoline and diesel retailers, municipalities and end-users. Download the checklist before finalizing your next supply contract.
Download your copy of the Fuel Supply Contract Checklist today and discover:
Don’t miss our collection of important trends in the gas station and c-store industry in the 2020. Download the Top 20 Petroleum Marketing Trends for 2020 today. We’ve outlined key areas that savvy gas and diesel marketers should be aware of in this free report.
According to the American Trucking Association, the shortage of commercial drivers hit its highest level in 2018. In this free download, you’ll get advice on how to beat that trend from other transportation firms facing the same challenges. Download 15 Best Practices to Beat the Commercial Driver Shortage now to get best practices and real-world tips on how to attract and retain qualified fuel tanker drivers.
An extended bull market and strong financial performance of many large convenience store chains have some anticipating a rise in IPOs.
Download this free report for a look at:
The summer driving season ended on a high note with retailers around the country seeing record-breaking profit margin levels.
Download this free report and read about:
For U.S. gasoline retailers, 2019 delivers the “best summer ever”, providing off-the-charts profit margins for a majority of fuel retailers, topping the previous record established four summers ago.
Diversity was widespread but the average nationwide margin is predictive of a continuation of “land grab” that has already led to the avid (and expensive) pursuit of retail chains by major oil companies, private equity managers and overseas entrepreneurs.
Download our exclusive 2019 Summer Driving Season Recap and find out:
Retailers who sell gasoline and diesel just concluded their most profitable first half of any year in the modern era. Take a look back at the first half of 2019 and discover how retail gas station performed so solidly in the 1H 2019 Retail Fuel Scorecard, with exclusive OPIS data showing demand, margin, average prices and more. Plus, regional data and an update on how some of the major brands performed.
So far, the 2019 retail fuel market landscape is strikingly different from 2018, with cheaper gasoline prices and lower demand. In this free retail fuel market report, you’ll find out how top fuel brands are performing compared to last year. Topics include:
With rising retail gasoline prices, more financial strain on consumers buying gasoline could lead to significant cutbacks in driving activity and gasoline demand, which puts pressure on retail volumes, inside sales and overall traffic. Knowing how to react to these consequences is key for retailers looking to maximize retail margins and volumes in volatile markets.
Download retail fuel average prices, median household income and minutes worked by consumers to buy one gallon of gas for over 3,000 U.S. counties – in convenient excel format.
The prompt-pay discount (PPD) has traditionally been an incentive for fuel wholesalers to encourage faster payment collection. When wholesale fuel prices are high, the PPD has rewarded distributors who manage their dealer networks efficiently.
Now, industry consolidation and increased competition has led to tighter payment terms, more risk and serious consequences for some offering the discount. In this free report, OPIS takes a look at the current state of prompt-pay discount (PPD) to give you a better understanding of:
Mexico’s gasoline and diesel markets are opening to the outside world for the first time in almost 80 years – but not without challenges, risks and delays. Download OPIS’ Mexico Primer and understand:
Written in dual English/Spanish format, this informative magazine is available free. Read OPIS’ Fuels in Mexico magazine for editorial features, expert commentary, interviews and guest columns devoted to discussion of the changing downstream fuel markets in Mexico. It’s geared to help you:
Due to coronavirus challenges, there are already states that have granted waivers or indicated they would not enforce sales of 13.5-lb. RVP gasoline blends in April. That could spill over into 9.0-lb. RVP requirements, as well.
Download this handy 2020 RVP infographic for an easy desktop reference with key information on the transition to low-RVP gasoline at the spot and wholesale rack level across the U.S., along with a map identifying key regions.
Download this free infographic for a breakdown of the compliance options, past penalties levied for non-compliance with the IMO’s ECAs mandate, and possible cost scenarios for non-compliance with IMO 2020.
OPIS publishes several wholesale gasoline and diesel pricing reports, plus online tools. Three of our most popular pricing resources are the Invoice Checker, daily Gasoline and Diesel Rack Price Report and the Spot Ticker (a spot pricing tool that helps wholesalers gauge whether wholesale rack prices will go down or up, based on spot price movement.) This handy rack product-finder infographic leads you to the most relevant of these three products for you, based on some quick questions about your wholesale business.
Because of unique market fundamentals, limited refining capacity, and a boutique gasoline blend needed to meet regional specs, the West Coast region has a relatively lean gas and diesel trading network compared to other spot markets. That lack of market liquidity can lead to huge price moves and surges, like the one that caused retail gasoline prices to top over $4/gal in spring 2019.
Download this infographic for a visual breakdown of the key reasons and fundamentals why the U.S. West Coast refined spot market is so unique and often, challenging.