A stronger US$ weighed on the market today as the Feds are expected to tighten monetary policy to bring inflation under control
Petroleum Daily Report 2-21-2023
It seems the focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve’s latest meeting,
PFL Railcar Report 2-21-2023
If you ask us, the N.S. missed it in a big way on the East Palestine derailment.
Petroleum Daily Report 2-17-2023
Oil prices closed out the week lower in a choppy week as prices swung between positive and negative sessions
Petroleum Daily Report 2-16-2023
Oil prices were lower today trading in a narrow range as the dollar briefly climbed to a six week peak
Petroleum Daily Report 2-15-2023
Oil prices were lower today after a much higher-than-expected build in US crude inventories but forecasts of higher demand helped support prices.
Petroleum Daily Report 2-14-2023
Oil prices were lower today as the Biden administration decided yet again to release more oil from the SPR
Petroleum Daily Report 2-13-2023
Oil prices edged higher today after last week’s rally as short term demand concerns seem to be outweighed by Russia’s production cut.
PFL Railcar Report 2-13-2023
$200 Billion in combined profits last year and Uncle Sam is noticing as the Biden administration is calling on Congress not just for a windfall tax, but a 4% tax on stock buybacks
Petroleum Daily Report 2-10-2023
Oil prices were higher today as Russia announced a plan to cut output in response to western sanctions and the EU price cap.