Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices continued to rise today after picking up steam yesterday. “The oil market welcomed the OPEC+ decision to stick with its existing production plan, and in conjunction with positive global demand indications, prices are gaining further today,”
Oil prices had a strong session today, rallying to pre pandemic highs despite OPEC+ easing production cuts.
“Example is not the main thing in influencing others, it is the only thing.” – Albert Schweitzer Weekly Jobless Claims Down Week Over Week a New Pandemic Low Stocks up Friday of last week and up week over week The Dow closed higher on Friday of last week, up +64.81 (+0.19%) points closing out the […]
Oil prices inched higher today, posting strong gains for the week of over 5% for both contracts. “Gasoline demand has now exceeded 2019 levels in many areas,”
Oil prices were mostly flat again today, trading up as US unemployment numbers dropped more than expected last week to new pandemic lows.
Oil prices steadied today, as a drop in US commercial crude inventories reinforced expectations of improving demand. Both contracts had traded down earlier in the session but traded up after the EIA report was released
Oil was mostly flat for the day, edging up slightly. Parts of Europe and the United States are recording fewer COVID-19 infections and deaths, prompting governments to ease restrictions
Here we go again, it is almost hurricane season! We’re likely going to see an above-average hurricane season in the Atlantic this year, according to the latest forecast from the National Oceanic and Atmospheric Administration (NOAA).
Oil prices rose today, after falling for three straight sessions as the market braces for a return of Iranian crude. Both contracts are on track to fall 3% this week.
Oil prices fell for a third straight day on fears of increased Iranian supply, as the Islamic Republic is making progress on the re-entering the nuclear deal, according to their President.