Government policies that promote the adoption of electric vehicles (EVs) are unlikely to make a major dent in future demand for renewable diesel, says an author of a recent report on the future of the renewable diesel market. Unlike biodiesel, renewable diesel can be directly substituted in diesel engines. Production capacity in the U.S. is… Read More
Category: Energy Markets
While the energy markets should be focused on supply and demand fundamentals, nagging economic factors and volatility in geopolitics are getting all the attention right now. That’s according to Phil Flynn, author of the Energy Report, who says banking stress in the U.S. and overseas, inflationary costs, and continued unrest in Ukraine and Sudan is… Read More
The problem with war is that there’s no way to know, really, what is going to happen. Jacob Shapiro, geopolitical analyst with Cognitive Investments, calls this the “fog of war,” and it creates uncertainty, volatility, and quick shifts in direction that are difficult to plan for. In the podcast and video below, RealAg Radio host… Read More
Looking back over the past century, economic recessions have more often than not been preceded by a sharp rise in oil prices, as seen in the first half of 2022. Farmers and grain marketers should be looking to the energy market as a leading indicator for where other commodities are headed, according to a market… Read More
Fertilizer pricing and supply continues to occupy the mental space of farmers across North America. There are still as many questions about the future of fertilizer prices as there have been since they skyrocketed following the summer of 2021. Supply chain issues and the war in Ukraine have created volatility, and many are watching the… Read More
There’s so much going on in the geopolitical scene right now, and all that works its way back in to the markets. The focus right now is squarely on Russia and Ukraine and how the current political situation is impacting markets. Joining RealAg Radio host Shaun Haney to break it down is Arlan Suderman, chief… Read More
Natural gas prices have increased in Europe, and China is facing its own issues with coal, leading to energy shortages on both continents. Understanding the likelihood of skyrocketing energy prices in Canada takes some understanding of the factors at work, and to shed light on the situation, Brendan Cooke, policy analyst at Canada West Foundation,… Read More
If you’ve had to go fill your fuel tank recently you’ve likely noticed a significant cost run-up. Patrick De Haan, head of petroleum analysis at GasBuddy, says on average the price of gas is higher than it has ever been, at an average of $1.45/L across the country. There are numerous reasons for this, but… Read More
The Governor of Michigan has eastern Canadians wondering how they became so dependent on a pipeline coming from the U.S., as Governor Gretchen Whitmer is determined to have Enbridge cap Line 5 which would starve Ontario and Quebec of 50 per cent of their energy supply. The Canadian government has taken court action this week,… Read More
The strike at the Port of Montreal has ended following the passage of federal back-to-work legislation. Bill C-29 received Royal Assent after being approved by the Senate late Friday (April 30), mandating the resumption of all port activities at 12:01 am on May 1. It was approved by the House of Commons early Thursday morning…. Read More
Just how important is the European Union canola (rapeseed) market? According to LeftField Commodity Research, the region had more than doubled its year-over-year canola imports up to mid-March of this year, offsetting nearly half of the Canadian tonnage that would have been sold to China. That’s a significant increase, says Jonathan Driedger with LeftField, driven… Read More
We are just ending Q1 of 2020 and it is already a year to remember for generations. As we attempt to deal with COVID-19, governments are also trying to be aware of the economic future. Like you, this COVID-19 outbreak has impacted my family and business. Graduation has been cancelled, baseball season is in jeopardy,… Read More
If you don’t have diesel pre-purchased yet, when do you pull the trigger? In light of the current demand situation — hey there, global pandemic — one analyst says it may be prudent to hold off for a bit. Let’s start with demand. Without a doubt, the global response to COVID-19 is having a huge… Read More
Crude oil shipments by rail in Canada are at record highs and forecast to continue climbing, as oil production has increased with no major expansion in export pipeline capacity. At the same time, executives for Canada’s two major railways say they intend to maintain rail capacity for grain. 198,788 barrels of oil per day were… Read More
The last time gasoline prices across Canada were where they are today, averaging around $1.33/litre, was in July 2014, when the price of oil was around US$100 a barrel. Oil prices have been trending higher since last summer, but are still $30 below where they were in July 2014. So why are fuel prices so… Read More