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

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?

Oil settled higher today, supported by expectations that OPEC’s decision to increase production targets will not add that much too global supply

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.

Oil prices rose today as the EU agreed to a phased ban on Russian oil. The group agreed in principle to cut roughly 90%