New railcar orders improved to 9,500 units in the second quarter of 2021(versus 6,200 in the first quarter of 2021) and the backlog increased 8% sequentially to 37,500 units. Overall, orders improved and are now around replacement levels
Petroleum Daily Report 8-20-2021
Nations around the world, China for example, are imposing severe restrictions for minimal outbreaks. It’s hard for prices to find support
Petroleum Daily Report 8-19-2021
Oil prices dropped again today, falling for a 6th straight session to lowest prices since May.
Petroleum Daily Report 8-18-2021
Another rough day in the markets Folks. U.S. crude futures settled down $1.13, or 1.7 percent, to $65.46/bbl.
Petroleum Daily Report 8-17-2021
We continue to see $65 support in WTI, but less forceful rebounds that see sellers pour in earlier
Petroleum Daily Report 8-16-2021
There will be no commentary for August 16th, 2021
PFL Railcar Report 8-16-2021
Oil is set to begin flowing as soon as September through Enbridge Inc.’s disputed Line 3 replacement pipe, moving more Canadian supply to the Lower 48, according to a filing with the Canada Energy Regulator (CER)
Petroleum Daily Report 8-13-2021
Oil prices traded down today but were on track for slight weekly gains, shrugging off a warning from the IEA about waning oil demand.
Petroleum Daily Report 8-12-2021
There will be no commentary for August 12th.
Petroleum Daily Report 8-11-2021
Oil prices traded up today, after initially tanking earlier in the session as the White House announced they were calling on OPEC and its partners to boost production.