As of September 1st, the total number of railcars in storage was 476,572, accelerating the downtrend for a month over month decline of 27,451 still 128,972 higher than this time last year.
Petroleum Daily Report 9-4-2020
Prices were pressured by extended declines in the U.S. equities market and by a report showing U.S. job growth slowed further in August as financial assistance from the government ran out.
Petroleum Daily Report 9-3-2020
Crude oil prices came off today to one month lows amongst a selloff of risk assets across most financial markets. Prices are on track for their biggest drop since mid June as the dollar also continues to strengthen.
Petroleum Daily Report 9-2-2020
Crude stocks were drawn down by 9.36 MM/bbls, almost all of that attributed to the Gulf region where most production was shut
Petroleum Daily Report 9-1-2020
Oil prices rose today, reversing overnight losses as better-than-expected U.S. manufacturing activity data and a bullish equity market helped prices
Petroleum Daily Report 8-31-2020
Oil prices traded down today as cleanup from the storm continues. A weak dollar has supported oil prices even though crude and fuel demand has struggled to recover amid the pandemic.
PFL Railcar Report 8-31-2020
Total North American rail volumes were down 5.1% year over year in week 34 (U.S. -3.3%, Canada -10.3%, Mexico -8.0%), resulting in quarter to date volumes that are down 8.4% and year to date volumes that are down 11.2% (U.S. -11.9%, Canada -8.6%, Mexico -10.7%)
Petroleum Daily Report 8-28-2020
Oil prices were mixed today as the market largely shrugged off the
impact of Hurricane Laura, but prices still headed for week over week gains for the fourth straight week.
Petroleum Daily Report 8-27-2020
Oil prices slipped today as US energy firms begin to tally the damage from Hurricane Laura which is now heading north
PFL Announces New Trademark
PFL Proudly Announces the new trademark “Relentless Service™.”