S&P Global Platts has decided to add WTI Midland crude to its dated Brent oil price assessment for June deliveries.
Petroleum Daily Report 5-26-2023
Stay informed about oil prices, US debt ceiling talks, robust gasoline demand, & the upcoming OPEC+ meeting.
Petroleum Daily Report 5-25-2023
Oil prices settled lower today after the Russian Deputy Prime Minister played down the prospect of further OPEC+ production cuts
Petroleum Daily Report 5-24-2023
Oil prices rose 2% today after a large unexpected drawdown of Crude inventories. Crude inventories had a massive draw of 12.5MM/bbls.
Petroleum Daily Report 5-23-2023
Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts.
Petroleum Daily Report 5-22-2023
Tensions with China are also on the rise as the PRC is upset with the G7 summit calling it an “anti-China workshop”.
PFL Railcar Report 5-22-2023
In another round of Washington wisdom, the EPA announced on Thursday of last week new carbon pollution standards for
Petroleum Daily Report 5-19-2023
Oil prices fell today as the Republicans and the White House paused talks on raising the debt ceiling.
Petroleum Daily Report 5-18-2023
Good news for the economy is now bad news for the crude demand outlook as economic resilience will force the Fed to kill the economy
Petroleum Daily Report 5-17-2023
Oil prices settled higher today on optimism over oil demand and US debt ceiling negotiations.