fuel Archives - Grainews

Kenworth to limit availability of manual transmissions

Emissions limits require the brand to impose auto transmissions on most buyers

By Scott Garvey January 17, 2025

Back in the day, truck drivers were often referred to as gear jammers, because they would have to manually shift their way through 10, 13, 15 or more gears. That moniker seems to have faded into history, and one reason may account for that more than any other: industry figures estimate 90 to 95 per […] Read more

Columns

What will a Middle East war do to your costs and prices?

Bonds and Risk: Expect fuel costs to be up, interest costs down

By Andrew Allentuck November 13, 2024

Farmers are caught in a developing cost squeeze. Global oil costs are threatening to balloon from about US$80 today to over US$100 per barrel, which would be a 25 per cent leap. On the other hand, interest rates in the U.S. and Canada are scheduled to decline by as much as 1.5 per cent by […] Read more

Columns, Home Quarter Investing

Energy reflections of our recent Vietnam vacation

Investing for Fun and Profit: In a country facing rapid growth and corresponding energy demand, every day is a smog day

By Herman VanGenderen August 8, 2024

Vietnam is a fascinating country, rich with culture and history. We also visited Cambodia and its renowned ancient temples, the most famous being Ankor Wat, a UNESCO world heritage site. This was my first time in Southeast Asia. The contrasts are ubiquitous, with modern vehicles sharing streets with rickshaws, modern skyscrapers neighbouring hovels, and elite […] Read more

Cassandra Morari, COO of Rack Petroleum Ltd. at Ag in Motion. Photo: Phil Franz-Warkentin

Machinery, News

Fuel hedging platform wins AIM innovation award

By Phil Franz-Warkentin July 17, 2024

Rack Petroleum Ltd.’s HedgeHog app allows users to confirm a guaranteed price for diesel for future delivery up to two years into the future.

New Holland’s 2025 T9 SmartTrax with PLM Intelligence tractors get faster road speeds and more horsepower.

Equipment, Machinery

Upgrades en route for New Holland’s T9 SmartTrax

The new units include a new track module while providing for more horsepower and faster ground speeds

By Scott Garvey March 26, 2024

Despite its corporate cousin Case IH offering rubber tracks on its Quadtrac four-wheel drive tractors for decades, New Holland initially went its own way with tracks on its four-wheel drive T9s. NH had started off with bell-shaped tracks sourced from another manufacturer, API, on its largest models. Then, for its 2012 model year, it introduced […] Read more

Brent November 2023 crude oil with 20-day moving average (black line) and West Texas intermediate November 2023 crude oil (blue line). (Barchart)

General, Machinery, Markets, Reuters

Will oil hit US$100? It already did in some markets

Saudi Arabia, Russia 'in solid control'

By GFM Network News September 19, 2023

London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to […] Read more

General, Machinery, Reuters

Suncor to keep its Petro-Canada retail fuel business

By GFM Network News November 29, 2022

Reuters — Suncor Energy on Tuesday said it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. Suncor replaced its CEO in July and agreed to review its retail fuel unit by the end of this year after Elliott […] Read more

File photo of tea plantations in Sri Lanka. (Dmitrii Anikin/iStock/Getty Images)

Crops, Reuters

Rajapaksa dynasty draws to humiliating close in Sri Lanka

Food shortages, fertilizer ban among flashpoints

By GFM Network News July 13, 2022

Colombo | Reuters — The Rajapaksa dynasty dominated Sri Lankan politics until April when street protests against fuel and food shortages began to slip out of control. President Gotabaya Rajapaksa fled the country early on Wednesday, leaving no one from the once-illustrious family in a position of power. The president vowed last month to stay […] Read more

General, Machinery, Markets

‘Petro-plectic’ anger rises toward fuel prices

Fuel refiners seen booking 'epic' revenues

By GFM Network News June 7, 2022

MarketsFarm — Fuel prices are very likely to continue to increase with summer approaching, according to Tom Kloza, the Florida-based global head of energy analysis for Oil Price Information Services. “I wish I could say there’s a light at the end of the tunnel, but I would say right now, it’s just a flicker,” he […] Read more

EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)

Crops, Reuters

EU offers farmers aid, more land to grow due to Ukraine war

By GFM Network News March 23, 2022

Brussels | Reuters — The European Union will distribute 500 million euros (C$692 million) to help farmers and allow them to grow crops on fallow land to mitigate food price spikes and potential shortages resulting from Russia’s war in Ukraine. Published on Wednesday, the proposals by the EU’s executive European Commission also include assistance to […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News