))
From Negative Crude to Middle East Conflict: How Energy Markets Shape Farming
Manage episode 490342848 series 3004060
Content provided by Tommy Grisafi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tommy Grisafi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Tyler Stockton, procurement manager at Northdale Oil, shares his expertise on navigating volatile energy markets and how global events impact fuel prices for agricultural operations. With seven years in the energy industry, Tyler offers valuable insights into hedging strategies, supply chain dynamics, and current market conditions affecting farmers' bottom lines.
• Northdale Oil has grown from one truck and station in 1992 to over 30 gas stations and a fleet of delivery vehicles today
• During COVID, crude oil traded at negative prices, allowing Northdale to lock in multi-year fuel contracts for farmers at extremely low rates
• Russia's invasion of Ukraine sent prices soaring to $130 per barrel, creating wild market swings
• Hedging strategies help farmers establish predictable fuel budgets regardless of market volatility
• Most fuel in the region comes from Canadian crude refined in Mandan, ND or Minneapolis before distribution through pipeline networks
• Recent Middle East tensions between Iran and Israel are creating new price instability in energy markets
• Terminal "basis" pricing significantly impacts final fuel costs - currently showing unusual patterns with negative basis in some markets
Contact Tyler at 701-757-0668 (office) or 701-520-9056 (cell) for fuel pricing and supply questions.
Send us a text
Watch Us on U-Tube AG Bull Podcast
(105) AG Bull Podcast - YouTube
www.agbull.com
AG BULL Media
E-Mail [email protected]
Thank you, Tommy G
Chapters
1. From Negative Crude to Middle East Conflict: How Energy Markets Shape Farming (00:00:00)
2. Welcome to the Ag Bowl Podcast (00:00:11)
3. Northdale Oil: Company Background (00:01:41)
4. Energy and Agriculture Connection (00:03:33)
5. Market Volatility: COVID to Ukraine (00:04:58)
6. Fuel Hedging Strategy for Farms (00:06:41)
7. Oil Supply Chain Explained (00:09:11)
8. Impact of Tariffs on Fuel Business (00:12:45)
9. Current Market Conditions and Closing (00:17:15)
31 episodes
Share
