Market Close: Sep 17 Down, Saudis will be back online by the end of September

Fueling Strategy: Very Important to keep all tanks topped out tonight, Wednesday we’ll see a 21 cent jump in prices but Thursday we’ll see a downward correct of 10 cents so “partial fill ONLY Wednesday” The KEY is to buy strategic until everything calms down and prices are more in line with true supple-demand – Be Safe Today

NYMEX Crude $ 59.34 DN $3.5600

NYMEX ULSD $1.9896 DN $0.0942

NYMEX Gas $1.6751 DN $0.0773

NEWS

Saudi oil production will be fully back online by end of September, the kingdom’s Energy Minister Prince Abdulaziz bin Salman told media during a press conference Tuesday.
State oil giant Saudi Aramco’s public stock offering is still on track to continue as normal, officials said.
Saudi Arabia’s largest oil plants were targeted in drone attacks early Saturday morning that knocked out half of the OPEC kingpin’s production capacity.

Have a Great Day,

Loren R Bailey, President

Fuel Manager Services Inc.

Office: 479-846-2761

Cell: 479-790-5581

Market Close: Sep 18 Down »

« Market Close: Sep 16 Up, Up & Away

Categories: Fuel News

loren: Fuel Manager Services Inc. "Serving the trucking industry since 1992" I've been in and around the trucking industry for 45-years beginning in owner operator operations at Willis Shaw Express. I bought a small trucking company that I ran for 6-years then sold and went to work for J.B. Hunt Transport in 1982. After 10-years with Hunt, I started Fuel Manager Services, Inc., we are in our 29th year of serving the American trucking companies. Our simple goal was and is to bridge the gap between the trucking companies and the fuel suppliers.