
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.
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices sank today, as markets worried about a fall in demand after a 75 bp rate hike today by the Fed.

Oil prices were lower today as fears of a cool down in financial conditions have been suppressing markets.

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,

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

Oil prices were slightly lower today but still hovered around three month highs.

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.

Oil prices were higher today as the prospects of a deal with Iran are looking less likely.

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

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

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?