Oil and gas are two of the most critical fuel sources that power the world. However, data is an essential asset that enables that global energy. In any business, data-driven decisions and operational intelligence are becoming standard practices. Oil and gas companies are no different, but the fuel industry has a unique set of challenges.
One thing we should all be aware of by now is that supply chain disruptions and shortages are pervasive, no matter what area of the global economy you’re examining.
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Natural-gas futures rallied on Monday to mark their highest settlement in almost three weeks, with forecasts for colder weather lifting prices for the heating fuel by nearly 12% for the session.
Selling fuel in today’s market is not easy, and it can be a challenge to hold on to your razor-thin profit margins. The solution? DTN FastRacks. It allows you to monitor real-time rack fuel pricing and provides actionable insights that will keep you ahead of your competition.
Extreme weather events are increasing, and utilities and customers alike are feeling the impact. According to Climate Central, the United States has experienced a 67% increase in major power outages from weather-related events since 2000, a trend predicted to continue as extreme weather events increase in frequency.
We cannot overestimate how essential oil is to the economy. It is one of the most essential commodities in the world. The crude oil market has a significant impact on many other markets across the globe. At the end of September, crude prices are up more than 85% over 2020, and demand for crude oil continues to grow as society begins to recover from the pandemic.
Without precise measurement of actual fuel temperatures, your profit margin is at risk. Read our whitepaper to learn more.
Understanding how to price fuel in an ever-changing market is vital to being successful in selling fuel. There are many strategies for pricing fuel and many variables to consider.
In fuel markets defined by thin margins, finding profitable buying and selling opportunities is essential. Learn how adding the right kinds of data can benefit your bottom line in our new blog.
Comprehensive weather insights help safeguard your operations and drive confident decisions to make everyday mining operations as safe and efficient as possible.
Learn how to optimize operations with credible weather and environmental intelligence. From aviation safety to environmental compliance, our comprehensive suite of solutions delivers real-time insights, advanced forecasting, and precise monitoring capabilities.