Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
DAPL is running out of options. In last week’s rail report we gave the status of the battle that rages on for the shutdown of the operating 570,000 barrel per pipeline that The Standing Rock Sioux Tribe who claims #DAPL could threaten its water supply wants the pipeline shut down now. Here is the latest and greatest:
DAPL’s latest petition was declined today by US Court of Appeals for D.C. Energy Transfer Partners has struggled with many roadblocks such as Native American protests, violence during construction and even a court ordered shut down.
Oil prices traded down for the day as the market is back in wait and see mode. Japan, the world’s No.4 oil importer, is expected to announce a third wave of lockdowns affecting Tokyo and three western prefectures.
Demand jitters were thrust back into the spotlight yesterday amid a sharp rise in global coronavirus cases. Nowhere is this more obvious than in India,
Given India’s position as a major crude oil importer in the world, new restrictions would be very bad for the energy complex
“You have power over your mind – not outside events. Realize this, and you will find strength.” ― Marcus Aurelius Jobs Update The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID-19 low and a sign that layoffs are easing as the economy recovers from the pandemic recession. The Labor […]
Oil prices traded down slightly but closed up for the week as financial markets hit new records and we had some positive economic data from the US. US retail sales surged in March, up 9.8%, much better than expected.
Oil prices rallied today, buoyed by a strong crude inventory draw which is boosting optimism about rising demand.
“We’ve been trading in a range, and need clear demand data and direction on U.S. inventories to break out of this trough,”
Geopolitical tensions are rising as Yemeni rebels attacked Saudi refineries and an attack occurred at an Iranian nuclear facility