Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose to two week highs today on bullish fundamentals and a positive demand outlook. The US has lifted travel restrictions on 33 foreign countries, which should be an immediate boost to jet fuel consumption.
Oil prices continued to rise today coming off a strong Friday session as positive economic indicators helped support prices
According to the EIA, the average U.S. residential price of propane reached $2.59 per gallon as of October 4, 2021, the highest price reported for the first week of the winter heating season since 2011
Crude prices rose today, trading up after the rout over the last couple days. The Department of energy said any decision on whether to tap strategic oil reserves in order to combat rising prices is ultimately up to the President.
Oil prices came off strong today, in a combination of rising crude inventories, increasing production, and Fed tapering.
Oil prices came off strong today, in a combination of rising crude inventories, increasing production, and Fed tapering.
Oil prices were down slightly in a choppy session as the market awaits tomorrow stocks data and Thursdays OPEC+ meeting. “We anticipate the relatively neutral trading will continue until we have more definition from OPEC on December production plans
Oil continued to rise today, with the differential between Brent and WTI narrowing to below $.50. Prices are higher on expectations of stronger demand and a belief that OPEC+ will keep the production increases steady.
According to the EIA, the average U.S. residential price of propane reached $2.59 per gallon as of October 4, 2021, the highest price reported for the first week of the winter heating season since 2011
Oil posted a monthly gain of 11 per cent on signs that consumption is outpacing supply and draining stockpiles. Oil’s advance this month is a result of an ongoing shortage of natural gas, which has boosted demand for oil products such as heating oil,