Suppliers are still busy, lead times between 3 & 10 working days, please bear in mind when placing orders. Average prices are virtually unchanged with a slight rise this week.
Fuel price outlook
The Brent Crude Oil Futures price has fallen to a three month low over the past few days on the back of the escalation in trade tariffs from the US and the bilateral reciprocation; markets are factoring in demand decline resulting from the tariffs although typically volatility increases in the short term in the context of escalating trade tensions. Additional downward pressure on prices is resulting from OPEC signalling an increase in production from April (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.
Applications and Data Analytics for Orion developed by Demand Economics Ltd.
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