The market was led up by a significant draw in crude oil as the refining industry continues to turn the crude oil surplus into refined products
Petroleum Daily Report 1-26-2021
Oil prices eased today as geopolitical tensions are rising as two supertankers were seized in Indonesian waters for suspected illegal oil transfers.
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Petroleum Daily Report 1-25-2021
Oil prices were flat today as the impressive rally over the last few months begins to steady. Concerns are rising about a sustained recovery in global fuel demand especially as cases are on the rise in Europe and China.
PFL Railcar Report 1-25-2021
President Biden has already signed over 30 Executive Orders only 3 days into his Presidency,
Petroleum Daily Report 1-22-2021
Oil prices traded down today retreating from 11 months highs on the back of a larger than expected inventory build. Crude oil inventories were 4.35MM/bbls higher, while the forecast was for a draw of -1.29MM/bbls
Petroleum Daily Report 1-21-2021
No commentary today
Petroleum Daily Report 1-20-2021
The oil market was bullish today on the back of Biden’s inauguration as the new administration plans to increase stimulus and enact policy to tighten crude supply.
Petroleum Daily Report 1-19-2021
Oil prices rose today buoyed by rising equities heading into tomorrow’s inauguration. There is a lot of optimism in oil markets on proposed stimulus
PFL Railcar Report 1-19-2021
Total US rail car traffic was +2.0% year over year and total Canadian rail car traffic was up +1.6%