Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
PFL was quoted in Argus Petroleum Transportation North America’s newsletter on Friday of last week in regards to its participation of the tremendous amount of rail car scrapping going on in the country right now as record steel prices
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Oil prices rose today, buoyed by a bullish EIA report that showed a drop in inventories across the board
A rebound in implied demand for both gasoline and distillates, as well as lower refinery runs, has encouraged decent inventory draws for both
U.S. gasoline futures rose to their highest since October 2014 today, up almost 10% over the past six days, pushing crack spreads to the highest since May
Oil prices were mixed today but stayed mostly flat as risk appetite seems to be rising since last week’s sell off.
“The best time to plant a tree was twenty years ago. The second best time is now.“ Weekly jobless claims up week over week and well above expectations Stocks were up on Friday of last week and up week over week The Dow closed higher on Friday of last week, up +238.20 (-0.68%) points closing […]
Oil prices were mostly flat today actually closing up slightly for the week despite Mondays rout. Both benchmarks haven’t had a positive week in 2-3 weeks. “The demand concerns proved to be exaggerated, which is why oil prices have since recovered.
Oil prices had another strong session today, shrugging off yesterday’s crude inventory build, rising cases of the Delta variant, and increased OPEC+ production
Oil prices rallied today despite a surprise build in Crude inventories, the first in 8 weeks. Analysts were expecting a draw of upwards of 4MM/bbls, yet