Oil prices were higher today after trading down sharply on Friday.
PFL Railcar Report 6-21-2022
The shutdown is a blow to President Joe Biden’s efforts to help Europe wean itself quickly from Russian gas by expanding LNG exports from the United States
Petroleum Daily Report 6-17-2022
Oil prices slumped to four week lows today, falling by >6% on worries of demand destruction from rising interest rates.
Petroleum Daily Report 6-16-2022
Oil prices rebounded today despite falling equity markets as the US announced new sanctions on Iran
Petroleum Daily Report 6-15-2022
Oil prices sank today, as markets worried about a fall in demand after a 75 bp rate hike today by the Fed.
Petroleum Daily Report 6-14-2022
Oil prices were lower today as fears of a cool down in financial conditions have been suppressing markets.
Petroleum Daily Report 6-13-2022
Oil was higher today as equity markets nosedived. Oil supplies are tight, with OPEC and allies unable to fully deliver on pledged output increases because of a lack of capacity in many producers,
PFL Railcar Report 6-13-2022
Wish we didn’t have to watch them, but we have no choice, we are living it. Aside from Blaming Exxon (who apparently made more money than God last quarter according to Biden) and
Petroleum Daily Report 6-10-2022
Oil prices were slightly lower today but still hovered around three month highs.
Petroleum Daily Report 6-9-2022
Oil prices were slightly lower today but still hovered around three month highs. Refiners worldwide have shut facilities, and capacity is tight as well because of reduced activity in Russia.