
Petroleum Daily Report 4-3-2023
OPEC+ in a surprise announcement spoked the market with plans to cut more production
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

OPEC+ in a surprise announcement spoked the market with plans to cut more production

The U.S. House of Representatives on Thursday of last week approved a bill packed with energy priorities meant to counteract the Biden administration’s

Oil prices were strong today rising more than $1/bbl for the second straight week over week gains.

Oil prices rose on Thursday, supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region,

Oil edged lower on Wednesday in choppy trade on profit taking from two straight days of gains.

On Monday, prices rallied more than $3 after Iraq was forced to halt exports of 450,000 barrels per day

Oil prices were higher today after an explosion in Iraqs Kurdistan region added to worries about oil supply.

We are expecting to see volumes increase as we head into April as the weather warms and producers begin to build inventory

Oil prices were down today but both benchmarks closed higher for the week with Brent up $2.8% and WTI up 3.8%.

Oil prices were lower today, reversing earlier gains as comments from the US Secretary of Energy sent prices lower.