Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices jumped again today as disruptions to the Caspian Pipeline Consortium are adding concerns to the already tight global supplies. Exports from CPCs Kazakhstan’s terminal stopped fully today after damage from bad weather, and the disruption could take weeks or months to resolve.
Oil prices edged lower today as the EU seems less and less likely to ban Russian oil
. A perfect storm is lining up for a price spike. Russia continues to pound Ukraine into submission and any optimism that a cease fire could happen was swept away today
With nearly 3000 conductors, engineers and other workers on the sidelines, this move will only add to the supply chain woes that are affecting the shipment of goods across the continent and the world.
Oil prices are back above $100 after negotiations between Russia and Ukraine deteriorated. Energy markets are rife with uncertainty, with the IEA suggesting that consumers will have to figure out how to reduce demand as supply shortages loom.
Oil prices sank today, falling to two week lows as hopes of a peaceful resolution for the Ukraine conflict weighed on prices. Volatility has also come back to the market and is at the highest level since 2020
Oil prices rose on Friday of last week, but posted the biggest week over week decline since November after previously hitting the highest prices since 2008. The U.S. made moves on Friday of last week to revoke Russia’s “most favored nation” status
Oil prices rose today, but posted the biggest week over week decline since November after previously hitting the highest prices since 2008.
Oil prices settled down again today, despite OPEC+ reiterating they will not increase output further than expected. While the UAE and Saudi Arabia have spare capacity, other producers are still struggling to meet their targets.
Oil prices surged today as the US banned Russian energy imports and the UK said they will phase them out by the end of the year.