Fuel Price Trends
Fuel
Price movements
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USA | Diesel – Weekly On-Highway Fuel Price
Month-on-month Change
Year-on-year Change
USA | Diesel ULS No.2 fob Gulf Coast
Month-on-month Change
Year-on-year Change
UAE | Fuel Oil MGO (Marine Gas Oil), Delivered Fujairah
Month-on-month Change
Year-on-year Change
Impact of Middle East conflict:
- Over the last few months, Brent crude oil prices increased over 26.4% month over month (M-o-M), while natural gas TTF prices are up over 50.1% M-o-M. The unprecedented price climbs are attributable to significant supply concerns caused by damage to infrastructure, like at a Qatar liquefied natural gas (LNG) facility, and the closure of the Strait of Hormuz, sending maritime traffic in the area to a standstill.
- Several businesses in energy-intensive industries have reported price increases due to supply chain disruption, higher energy costs and heightened raw material prices. Participants noted the combination of shipping disruption and higher costs meant product price increases.
- Players in the European container glass market expressed particular concern about production costs following the cessation of LNG exports from Qatar, a large proportion of which is imported by Europe.
Fuel
Price forecast
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