“While $90 could have triggered some profit-taking and a minor cooling of prices, this suggests they’ll see no reprieve and we could realistically see $100 oil soon,”
Petroleum Daily Report 1-18-2022
Oil prices rallied again today, hitting 7 year highs as both contracts touched highs not seen since 2014
PFL Railcar Report 1-18-2022
The Alberta government is currently accepting requests for proposals to operate an underground carbon storage hub serving the Alberta Industrial Heartland (AIH) zone near Edmonton.
Petroleum Daily Report 1-14-2022
There has been a bump up in the geopolitical risk factor that is boosting prices
Retail Sales Declined 1.9% in December
Friday, the Commerce Department reported a decline of -1.9% for December, not adjusted for inflation.
Petroleum Daily Report 1-13-2022
Oil prices edged lower after investors took profits after two days of gains among fears of an aggressive interest rate hike in the USA
Petroleum Daily Report 1-12-2022
Assuming China doesn’t suffer a sharp slowdown, that Omicron actually becomes Omi-gone, and with OPEC+’s ability to raise production clearly limited, I see no reason why Brent crude cannot move towards $100
Petroleum Daily Report 1-11-2022
Omicron has yet to wreak the havoc of the Delta variant and may never do so, keeping the global recovery on track,
Petroleum Daily Report 1-10-2022
Crude prices fell Monday as concerns about demand spurred on by the rapid global rise in Omicron COVID19 infections overtook concerns about oil supply reduction from Kazakhstan.
PFL Railcar Report 1-10-2022
Oil prices edged lower on Friday as the market weighed supply concerns from the unrest in Kazakhstan and outages in Libya against a U.S. jobs report that missed expectations and its potential impact on Federal Reserve policy.