Output has grown sequentially for six straight months. Total output in August 2021 was the highest since December 2019, meaning it’s back above where it was immediately prior to the pandemic.
Petroleum Daily Report 10-8-2021
Oil prices rose again today, wrapping up another strong week as global energy concerns are lifting prices across the complex
Petroleum Daily Report 10-7-2021
Oil prices rebounded slightly today after yesterday’s rout despite the DOE saying that “all tools are always on the table
Petroleum Daily Report 10-6-2021
Oil prices traded down today, coming off multi year highs on a surprise build in crude and gasoline inventories.
Petroleum Daily Report 10-5-2021
Oil prices continued to rise today, with WTI hitting highs not seen since 2014. Prices have already risen more than 50% for the year and are expected to draw continued support from higher prices in other areas of the energy complex.
PFL’s 2022 Conference List
PFL will be at the following 2021 conferences.
Petroleum Daily Report 10-4-2021
Oil prices continued to rally today, with Brent reaching a 7 year high after OPEC+ confirmed they would stick to current production outputs schedules
PFL Railcar Report 10-4-2021
Not only is Europe in trouble meeting the peoples energy demands China has its hands full right now and their economy may be contracting – China’s factory activity unexpectedly shrank in September due to wider curbs on electricity use and elevated input prices. A shortage of coal, tougher emissions standards and strong demand from manufacturers and industry pushed coal prices to record highs and triggered widespread curbs on electricity usage in at least 20 provinces and regions in China.
Petroleum Daily Report 9-30-2021
Oil prices steadied as China announced their intention to buy more oil and energy supplies to offset their growing demand.
Petroleum Daily Report 9-29-2021
The market being pressured by the continued build up in inventory but also the strength of the use dollar which hit a one year high against a basket of other major currencies.