All suppliers are experiencing an extremely busy period & lead times vary between 5 and 12 working days. Please take this in to account when placing orders. The average prices have dropped very slightly over the last week.
Brent Crude Oil Futures & Farm Fuel Prices
There is a general correlation between Brent Crude Oil prices and UK farm fuel prices, so we have included a live read on Brent Futures below (source: Investing.com).
Brent crude oil futures prices have been fluctuating in recent months, influenced by a mix of global economic factors and geopolitical events (Source: Google Gemini).
Near-Term Outlook:
Uncertainty Remains: The outlook for Brent crude oil prices in the next month or so remains uncertain.
Balancing Factors: Prices will likely be influenced by a tug-of-war between OPEC+ production decisions, global economic data, and geopolitical developments.
Potential for Volatility: Given the current geopolitical landscape and economic uncertainties, there is potential for price volatility in the near term.
Whilst there is a correlation between Brent Crude and UK farmgate fuel prices, there are of course plenty of other factors that impact local prices - things like refining costs, taxes, storage facilities and logistics. To get more detail on where UK farm fuel prices are now, how they compare to the past and what the key drivers of change have been, the AHDB give regular updates, which you can get to HERE.
In this revised format for the Weekly Fuel Update we will be regularly looking at commentary from the markets and AHDB for key insights into the direction and drivers of farm fuel prices.
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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