Orion Farming Group Fuel Update: 02/04/25
- Orion Farming Group
- Apr 1, 2025
- 1 min read
Suppliers continue to be busy with lead times between 3 & 10 working days -Average prices have risen slightly this week.
A new supplier, FastExocet, has joined the Group. FastExocet are suppliers of fuel additives, and you can find out more HERE; orders can be placed directly with FastExocet.
Easter Holidays - 18th to 21st April inclusive. Suppliers are likely to be closed for the four days so please be conscious of placing any orders in good time.
Fuel price outlook
Despite the slight increase in Brent Crude Oil Futures (June) prices over the past week, market consensus is that oil prices are facing downward pressure due both to the threat of extra tariffs on Russian oil by the USA and the unwinding of OPEC production cuts earlier in the year. The OPEC meeting on 5th April is expected to agree increasing oil production in May. The 'elephant in the room' is the US tariff position which is to be announced later today, and the one thing that analysts agree on is that this could have a huge say on where oil prices finish the week (more HERE from Investing.com).
Please note that any opinions expressed in this update are sources from market information / analysis and do not represent views of Orion Farming Group. Orion Farming Group accepts no responsibility for any Member decisions made on the basis of information provided in the weekly fuel update.
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