Oil prices were higher today as the prospects of a deal with Iran are looking less likely.
Petroleum Daily Report 6-7-2022
Oil prices were higher today as the prospects of a deal with Iran are looking less likely. The US group of negotiators is saying that Iran’s demands
Petroleum Daily Report 6-6-2022
Oil prices were slightly lower today in another volatile session. Saudi Arabia is raising its July crude prices to Asia after announcing OPEC+ would slightly increase
PFL Railcar Report 6-6-2022
Folks, crude by rail is looking interesting. Basis in Alberta blew out to -$20 per barrel against WTI last week. So why is crude by rail not moving?
Petroleum Daily Report 6-3-2022
Oil settled higher today, supported by expectations that OPEC’s decision to increase production targets will not add that much too global supply
Petroleum Daily Report 6-2-2022
Oil prices rose again today as crude inventories were drawn down more than expected. This is despite OPEC+ agreeing to bring forward additional production hikes.
Petroleum Daily Report 6-1-2022
Oil prices rose today as the EU agreed to a phased ban on Russian oil. The group agreed in principle to cut roughly 90%
Petroleum Daily Report 5-31-2022
Oil prices turned negative today after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal. While there was no formal push for Organization
PFL Railcar Report 5-31-2022
Total North American rail volumes were down 2.9% yoy in week 20 resulting in the qtd volumes that are down 3.9% year over year
Petroleum Daily Report 5-27-2022
Oil prices were higher today, closing up week over week ahead of the long weekend for US markets.