Rack Petroleum Ltd.’s HedgeHog app allows users to confirm a guaranteed price for diesel for future delivery up to two years into the future.
Fuel hedging platform wins AIM innovation award
German farmers protest with tractors against austerity measures
The German government proposed to abolish fuel subsidies to meet savings targets
According to next year's budget, a partial tax refund on agricultural diesel, along with a tax exemption for agricultural vehicles, will be abolished to meet the saving targets - a measure farmers said would threaten their livelihood and the competitiveness of Germany's agricultural sector.
Will oil hit US$100? It already did in some markets
Saudi Arabia, Russia 'in solid control'
London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
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
Peak diesel prices may be ending but at a price
Analyst says softening economy should push down fuel prices, but that could hit farmers in other ways
Reading Time: 4 minutes Farmers could soon see some relief from high diesel fuel prices but they may not like how it happens, says a Calgary energy analyst. Canada is shortly going to feel the effects of last year’s ground-breaking interest rate hikes, complete with slowdowns in the economy, the GDP and consumer demand, said Vijay Muralidharan. With that […] Read more
Opinion: It’s not just oil production that’s keeping diesel prices high
Refinery production has fallen since the pandemic, and that’s unlikely to change
Reading Time: 3 minutes Reuters – Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing, making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market. U.S. inventories of distillate fuel oil fell to 106 million barrels in early October, the lowest […] Read more
GM CEO says ‘we are selling every truck we can build’
Rising fuel prices not seen undermining big truck demand, yet
Detroit | Reuters — General Motors CEO Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric […] Read more
Schoepp: Rising input costs offer a chance to rethink our approach
The benefits of biodiversity are increasingly well known and offer an alternative to the status quo
Reading Time: 3 minutes Gas and diesel prices are heading into record territory, while producers are facing shortages of basics such as seed, herbicide and fertilizer. With costs increasing, the question becomes one of field performance. Are there ways to hold the yields without compromising the environment while on the journey to better climate behaviour? One could argue that […] Read more
Diesel prices, carbon tax cause headaches for farmers
MarketsFarm — Crude oil prices have been steadily on the rise since last November as oil-producing nations implement production cuts and Canadian farmers already affected by climbing diesel prices will have to dig deeper into their wallets this April. On April 1, the federal government’s carbon levy on diesel will go up from 8.05 cents […] Read more
Tight supplies could see diesel prices rise
CNS Canada – As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance…if we do get a cold winter I think we’ll see these prices really pop,” said Phil Flynn […] Read more
Cyber-Savvy Farmer
