PFL Market Reports

Oil prices came off significantly today as the Biden administration announced a massive release of strategic petroleum reserves at a time the SPR is at the lowest in years.

Oil prices came off significantly today as the Biden administration announced a massive release of strategic petroleum reserves at a time the SPR is at the lowest in years.

Oil prices were up today as volatility remains in full force. Today it was a combination of tight supplies, prospects of new Russia sanctions, and less optimism around the Ukraine/Russia ceasefire talks

Russia promised to reduce its military operations around Kyiv and northern Ukraine; Ukraine proposed adoption of neutral status but

Oil prices tanked today after Shanghai was put on COVID lockdown, with officials closing bridges, tunnels and restricting highway traffic.

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Oil prices were lower today in a volatile session as it was reported that CPC pipeline would be up and running quicker than anticipated. Sources said oil exports would partially resume today.

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