
Petroleum Daily Report 10-13-2021
Click here if viewing from mobile Attending: Curtis Chandler [email protected] 239.405.3365 David Cohen [email protected] 954.729.4774
Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.

Click here if viewing from mobile Attending: Curtis Chandler [email protected] 239.405.3365 David Cohen [email protected] 954.729.4774

Oil prices were steady today whipsawing between gains and losses. Market analysts are beginning to show more concern that rising prices will hurt demand in the long run.

A U.S. administration official on Monday said the White House stands by its calls for oil-producing countries to “do more”, and said they are closely monitoring the cost of oil and gasoline.

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.

Oil prices rose again today, wrapping up another strong week as global energy concerns are lifting prices across the complex

Oil prices rebounded slightly today after yesterday’s rout despite the DOE saying that “all tools are always on the table

Oil prices traded down today, coming off multi year highs on a surprise build in crude and gasoline inventories.

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.


Oil prices continued to rally today, with Brent reaching a 7 year high after OPEC+ confirmed they would stick to current production outputs schedules