
Petroleum Daily Report 1-25-2022
Oil prices gained today, as geopolitical tensions continue to support prices. However, tensions may be fizzling in the Ukraine, as Ukraine’s defense chief said he doesn’t expect
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Oil prices gained today, as geopolitical tensions continue to support prices. However, tensions may be fizzling in the Ukraine, as Ukraine’s defense chief said he doesn’t expect

Oil prices fell today, clawing back initial losses of more than 5% in a volatile session. Financial markets sold off today on investor concerns over the possibility of a quicker rate hike than expected, but…

Basic economics 101 would tell us that inflation at 8% cannot support interest rates close to 0. Interest rates cannot and will not continue to be as low as they are right now with inflation at current levels.

Oil prices fell today, but were up week over week for the fifth week in a row. Prices are up more than 10% so far on the year.

Oil prices were pretty much flat for the day, despite a build in crude inventories and a large build in gasoline inventories.

“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,”

Oil prices rallied again today, hitting 7 year highs as both contracts touched highs not seen since 2014

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.

There has been a bump up in the geopolitical risk factor that is boosting prices

Friday, the Commerce Department reported a decline of -1.9% for December, not adjusted for inflation.