
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.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

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.

Tensions with China are also on the rise as the PRC is upset with the G7 summit calling it an “anti-China workshop”.

In another round of Washington wisdom, the EPA announced on Thursday of last week new carbon pollution standards for

Oil prices fell today as the Republicans and the White House paused talks on raising the debt ceiling.

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

Oil prices settled higher today on optimism over oil demand and US debt ceiling negotiations.

Oil prices were lower today as the markets weighed economic risk and bad economic data.

Oil prices rose today after three straight sessions of declines boosted by the prospect of tightening supplies in Canada.

In another round of Washington wisdom, the EPA announced on Thursday of last week new carbon pollution standards for coal and

Oil prices were lower today falling for a third consecutive week. Prices were lower on a stronger dollar