Oil prices continued to fall today, dropping down more than 5% at session lows, and falling again into bear market territory.
Petroleum Daily Report 2-24-2020
Oil prices will remain vulnerable here as most energy traders were not pricing in the coronavirus potentially becoming a pandemic.
PFL Railcar Report 2-24-2020
Coronavirus updates, Canadian Protests, Railcar volumes and more in this week’s Railcar Market Update
Petroleum Daily Report 2-21-2020
Oil and other financial markets lid today on renewed coronavirus fears and its potential effects on crude demand. Analysts reports and forecasts of impacts from the virus have been scattered all over the map with some saying the virus has peaked and others saying it’s only just begun.
Petroleum Daily Report 2-20-2020
Oil posted its 6th gain out of the last 7 sessions buoyed by a smaller than expected inventory build. Non-strategic commercial crude inventories rose by just 414K bbls last week, compared to an expected 2.5MM/bbls that was forecasted.
Petroleum Daily Report 2-19-2020
Oil prices continued their rise today as coronavirus fears seem to be easing. This week, oil prices were also buoyed by a U.S. decision to blacklist a trading subsidiary of Russia’s Rosneft, which President Donald Trump’s administration said provided a financial lifeline to Venezuela’s government.
PFL Railcar Report 2-18-2020
The latest and greatest on the coronavirus, North American Rig Count, Hot Markets and more
PFL Railcar Report 2-10-2020
Coronavirus, Derailment in Saskatchewan, North American Rig count updates and more in this week’s Railcar Report.
PFL Railcar Storage Report 2-10-2020
Pressure Cars move into Storage Storage continues to be active and we are now seeing pressure cars making their way to storage due to the warm winter thus far and demand destruction. LNG Prices Collapsed Asian liquefied natural gas (LNG) prices have collapsed over fears of the potential demand destruction from the coronavirus outbreak and […]
PFL Railcar Report 2-3-2020
“You don’t make the poor richer by making the rich poorer.” Winston Churchill Groundhog’s Day We hope that everyone had a great Super bowl celebration. Yesterday was also Groundhog Day. Punxsutawney Phil was awoken from his wintry sleep and predicted an early spring as he did not see his shadow good news for farmers and bad news […]