Reuters reported at the end of April that analysts are growing increasingly confident that a near-two-year rout in oil has ended. Analysts’ aggregate forecasts were raised for the second consecutive month after 10 months of forecasted oil price reductions, as healthier demand and a drop in U.S. shale output were deemed likely to balance the market by 2017.
Mike Baker from the Treasury Solutions team at Clydesdale Bank has reported of a number of new small commercial customers with consumption of 50,000+ litres per month using Average Rate Diesel Swaps for the first time in order to help them budget with certainty and protect their businesses from fuel price spikes in 2016 and beyond. For further information see the Clydesdale Bank website or email This email address is being protected from spambots. You need JavaScript enabled to view it. for an obligation-free chat to learn more about how a fuel swap works and whether it might be suitable for your business.