Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices dropped 2% on Monday as OPEC reduced its global oil demand growth outlook for 2024 and 2025, while China’s oil imports fell for the fifth consecutive month. Brent crude futures settled at $77.46 per barrel, down $1.58 (2%), and U.S. West Texas Intermediate (WTI) dropped $1.73 (2.29%) to $73.83. China, the world’s largest […]
“The smallest deed is better than the greatest intention.” – John Burroughs On Mobile? Click here to download the PDF
“The smallest deed is better than the greatest intention.” – John Burroughs Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher, on Friday of last week up 409.74 points (0.97%), closing out the week at 42,863.86, up 538.12 points week-over-week. The S&P 500 closed higher […]
Oil prices fell on Wednesday due to rising U.S. crude inventories, but concerns over potential Iranian supply disruptions from the Middle East conflict and Hurricane Milton limited losses. Brent crude settled at $76.58 per barrel, down 60 cents (0.8%), and WTI dropped 33 cents (0.5%) to $73.24. U.S. crude inventories increased by 5.8 million barrels […]
Oil prices dropped over 4% on Tuesday following news of a potential ceasefire between Hezbollah and Israel, which eased immediate concerns over regional conflict impacting oil supply. Brent crude futures fell $3.75, or 4.63%, to settle at $77.18 per barrel, while U.S. West Texas Intermediate (WTI) dropped $3.57, or 4.63%, to $73.57 per barrel. Both […]
Calgary, October 8, 2024 – “PFL Rail Services Canada Inc. (“PFL Canada”) is excited to announce today that we have opened an office in Calgary, Alberta Canada, and have appointed Cynthia Popov as the new VP of Operations & Business Development. “With over 14 years of experience in supply chain management and rail logistics, Cyndi […]
Oil prices surged over 3% on Monday, with Brent crude rising above $80 per barrel for the first time since August, as escalating tensions in the Middle East spurred investor concerns over potential disruptions to oil supplies. Brent crude futures closed at $80.93 per barrel, up $2.88 or 3.7%, while U.S. West Texas Intermediate (WTI) […]
“For success, attitude is equally as important as ability.” – Walter Scott On Mobile? Click here to download the PDF
“Happiness is not something ready made. It comes from your own actions.”– Dalai Lama Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher, on Friday of last week up 341.16 points (0.81%), closing out the week at 42,352.75, up 39.75 points week-over-week. The S&P 500 […]
Oil prices climbed on Friday, marking their biggest weekly gains in over a year amid growing concerns of a wider conflict in the Middle East. Brent crude futures rose 0.6% to $78.05 per barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.9% to settle at $74.38 per barrel. The weekly gains for Brent were […]