• Post-conflict market recovery after the U.S.–Iran ceasefire and MOU• RVP Waiver & Transition Outlook• Hurricane Season Outlook• Navigating Summer Fuel Demand• AI Implications of Retail Fuel Stations Post-conflict Market Recovery After the U.S.–Iran Ceasefire and MOU Following the ceasefire and MOU between the U.S. and Iran, market sentiment has shifted from pricing in geopolitical […]

Iran Says No Progress Made in Talks Efforts to negotiate an end to the conflict between the U.S. and Iran showed little progress this week, with Iran’s foreign minister stating that no meaningful breakthroughs have been achieved despite ongoing communication between the two sides. At the same time, Hezbollah rejected a U.S.-backed ceasefire agreement between […]

US, IRAN Growing Supply Lag Even under a constructive geopolitical resolution, inventory normalization is expected to lag the recovery in physical crude flows. While export volumes and refinery utilization could begin to improve within weeks of the reopening of the Strait of Hormuz, commercial stock rebuilding is likely to take multiple quarters. Distillate markets remain […]

Special Edition: Iran Conflict – Market Update Key Takeaways: Market Impacts: 1) Hormuz disruption risk → global crude risk premium + delivered-cost shock Mechanism: Shipping/insurance constraints will curb Gulf exports and have raised seaborne delivered costs. The direct U.S. impact often comes through higher global benchmarks (Brent) and a wider Brent–WTI spread, which lifts replacement costs for products […]

January Market Update Retail Gasoline Prices Decline for Third Consecutive Year In 2025 U.S. retail gasoline prices averaged $3.10 per gallon in 2025, down $0.21 from 2024, marking the third straight year of declines. The drop was primarily driven by lower crude oil prices caused by oversupply concerns and a weaker global economy early in […]