Oil prices continued their downtrend today, with WTI and Brent falling to session lows of $64.42 and $70.22 respectively before paring losses later in the session.
Petroleum Daily Report 11-29-2021
Oil prices rose today, reversing some of last week’s losses but closed well below recent highs. Prices had rallied harder earlier in the session but traded down later in the day.
PFL Railcar Report 11-29-2021
North American rail volume for the week ending November 20, 2021, on 12 reporting U.S., Canadian, and Mexican railroads totaled 329,398 carloads, down 2.3 percent compared with the same week last year, and 338,380 intermodal units, down 14.2 percent compared with last year.
Petroleum Daily Report 11-24-2021
Crude oil settled lower Wednesday with Brent ending the day at $82.25 down 6 cents and WTI settling at $78.39 down 11 cents.
Petroleum Daily Report 11-23-2021
Oil prices rallied today after a global coordinated effort spearheaded by the US aimed at quelling prices fell short of expectations.
Petroleum Daily Report 11-22-2021
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PFL Railcar Report 11-22-2021
Oil posted its largest weekly drop since August as Europe’s worsening COVID-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the market. The wave of infections in Europe is growing once again and raising the prospect of mobility restrictions that would hit oil demand. Austria imposed a lockdown while Germany has introduced some restrictions.
Petroleum Daily Report 11-18-2021
Japan and South Korea have shown resistance to releasing reserves, so we’re coming back up a little bit
Petroleum Daily Report 11-17-2021
Oil prices slumped Wednesday after OPEC and the IEA warned of looming oversupply issues paired with
Petroleum Daily Report 11-16-2021
if you look at what is happening on the demand side, there you get some questions. Demand is robust today but will it be robust in six months’ time?