Oil prices came off today despite weekend news of the OPEC+ extension that extended the historic 9.6MM/bpd cuts through July.
PFL Railcar Storage Report 6-8-2020
The AAR just released its monthly Rail Time Indicators Report where it reports railcars in storage. As of June 1, 2020, there were 520,729 empty railcars in storage (31.2% of the North America’s rail car fleet)
PFL Railcar Report 6-8-2020
Coronavirus, COVID-19, North American Rig Count, Rail Report, railcar volumes
Petroleum Daily Report 6-5-2020
Oil prices rose today after an unexpected fall in the May US Jobless rate boosted financial markets across a variety of sectors
Petroleum Daily Report 6-4-2020
Crude Oil Imports into China jumped up 13% from April to a near record high of 11.11 million BDP.
Petroleum Daily Report 6-3-2020
Crude stocks were down
.07MM/bbls, compared to a forecasted build of 3.039MM/bbls.
Petroleum Daily Report 6-1-2020
Oil futures traded down today as protesters flooded streets across the US and the world. China contention is also causing negative pressure on pricing
PFL Railcar Report Special Edition 6-1-2020
Increasing trade tensions with China since the latter part of 2019 coupled with the question on how China’s COVID-19 will impact global supply chains has been on the minds of those who work in the rail industry
Petroleum Daily Report 5-28-2020
Crude oil prices rose midday, erasing earlier losses on signs of rising gasoline demand and improving refinery runs.
Petroleum Daily Report 5-27-2020
Oil prices fell today as President Trump is looking to increase pressure on China.