Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices were higher today but underlying concerns remain, especially in the diesel market. A slump in U.S. refining activity and disruptions to global trade have tightened diesel supplies in recent weeks, dampening historically high U.S. diesel exports to Europe this month. U.S. diesel cracks briefly surged to a four-month high of more than $48 […]
“Face the simple fact before it comes involved. Solve the small problem before it becomes big.”– Lao Tzu Jobs Update Stocks closed mixed on Friday of last week and mixed week over week The DOW closed higher on Friday of last week, up 62.42 points (0.16%), closing out the week at 39,131.53, up 503.54 points […]
Oil prices were lower today closing out the week down despite indications of healthy fuel demand and supply concerns stemming from the Middle East tensions. Federal Reserve policymakers should delay U.S. interest rate cuts by at least another couple of months, Fed Governor Christopher Waller said on Thursday, which could slow economic growth and curb […]
Oil prices were higher today buoyed by hostilities in the Red Sea. Yemen’s Iran-aligned Houthis will escalate their attacks on ships in the Red Sea and other waters and have introduced “submarine weapons,” the group’s leader said on Thursday, as it keeps up attacks on shipping. On Thursday, the premium for front-month WTI crude futures […]
Oil prices were higher today as contracts fell further in backwardation. Also supporting the market, U.S. refineries are showing signs of returning from maintenance after slumping to their lowest operating rates since December 2022, spurring builds in crude stockpiles. “Recent refinery outages led to some crude oil builds across the globe but these could be […]
Oil prices were lower today with worries about global demand offsetting price support from Middle East tensions. China announced its biggest ever reduction in the benchmark mortgage rate, the largest since the reference rate was introduced in 2019 and far more than analysts had expected. “The fact that the crude market hasn’t responded more positively […]
“The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed.” – Henry Ford Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed […]
Oil prices were higher today as Geopolitical tensions in the Middle East offset forecasts of slowing demand. Tensions continue to flare on the other side of the world and are showing no signs of slowing. Domestically, U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could […]