Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose today after Saudi Arabia said OPEC+ was sticking with output cuts as planned. Prices pared gains later in the session as Bloomberg reported the EU watered down sanctions for a price cap on Russian oil. They are also delaying its full implementation and softening key shipping provisions. “The price cap is turning […]
Prices were volatile today as early reports from the WSJ indicated OPEC+ was planning an output hike of 500K/bbls. Initial trading led prices to 10-month lows, down more than $5/bbl. Saudi Arabia quickly came out and denied the report which led to prices decreasing later in the session Releasing more oil amid weak Chinese fuel […]
In what was a surprise to us, Canada won’t back a call at COP27 To ‘Phase Down’ Oil and Gas Production
Oil prices tanked today with mounting Covid cases in China and fears of aggressive rate hikes in the US
China reported rising daily covid infections and Chinese refiners have asked to reduce Saudi crude volume in December
Oil prices traded down today after shipments to Hungary restarted via the Druzhba pipeline
Oil prices were higher today as US PPI came in a lot lower than expected
Oil prices were lower today, settling down as the US dollar traded higher and some Chinese cities reported record Covid rates
The Environmental Protection Agency (EPA) said on Friday of last week that it will strengthen its proposed regulations
Oil prices rose on Friday, up $2.49 cents per barrel to close at $88.96 per barrel on the back of China relaxing COVID travel restrictions and signaling that their economy would soon return to normal. Brent traded up US$2.32 cents per barrel to close at US $95.99 per barrel. Gasoline closed up $4.3 cents per […]