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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
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PFL Announces New Trademark
PFL Proudly Announces the new trademark “Relentless Service™.”
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Petroleum Daily Report 8-26-2020
Due to technical difficulties there will be no commentary today
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Petroleum Daily Report 8-25-2020
Crude oil prices rose today hitting five month highs as producers continue to shut Gulf Coast production.
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Petroleum Daily Report 8-24-2020
Crude prices rose today as double trouble storms head for the Gulf. Oil producers had shut 58% of the Gulf’s offshore oil production and 45% of natural gas production on Sunday in anticipation.
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PFL Railcar Report 8-24-2020
“I can give you a six-word formula for success: Think things through–then follow through.” —Edward Rickenbacker COVID-19 and Markets Update The United States currently has 5,874,295 confirmed COVID-19 cases and 180,605 confirmed deaths. Looks like we are on a pretty decent decline in new cases being reported and hopefully we can put this nightmare behind […]
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Petroleum Daily Report 8-21-2020
Oil prices fell today on continued demand concerns as the overall economic recovery in Europe is beginning to dwindle.
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Petroleum Daily Report 8-20-2020
“While oil-market fundamentals may have started to normalize, much of the progress comes from the supply side, while demand continues to disappoint,”
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Petroleum Daily Report 8-19-2020
Prices rose very slightly on positive inventory numbers, overshadowing demand worries. Crude stocks had a draw of 1.63MM/bbls vs a forecasted draw -2.74 MM/bbls as exports decreased 1MM/bpd.
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Petroleum Daily Report 8-18-2020
“There are still ongoing concerns about COVID and there are continuing concerns about the lack of a deal in Congress for stimulus