Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices rose nearly 1% as traders assessed a worsening geopolitical situation. Traders have been closely following the situation in the Middle East, where progress on ceasefire negotiations between Israel and Hamas appeared elusive (go figure), indicating tensions in the oil-producing region are set to linger. The United States also continued its campaign against Houthis […]
“Being a top performer – whether it’s in business or on the athletic field – requires grit and tenacity, as well as the continuous desire to become better.”– Amy Morin 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 […]
Oil prices fell today and posted a weekly loss as US jobs data shrank the odds of imminent interest rate cuts. Both benchmarks were down 7% on the week. “Prices were chugging along little changed prior to the report, but a huge beat on jobs created is kicking the can down the road for interest […]
Oil prices traded down after a large US refinery shut down. BP on Thursday said it was in the process of shutting down its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery after a power outage. However tensions in the Middle East have continued to provide support for oil prices. Attacks by Yemen-based Houthi forces on vessels […]
Oil prices settled lower today pressured by economic activity in China. Manufacturing activity in China, the world’s second-largest economy, contracted for a fourth straight month in January, an official factory survey showed on Wednesday. The latest sign of the broader Chinese economy struggling to regain momentum came days after a court ordered the liquidation of […]
Oil prices were higher today as global tensions outweighed concerns about Chinese demand. On Monday, both crude contracts fell by more than $1 as a deepening real estate crisis in China fueled concerns over demand in the world’s biggest crude consumer, with a Hong Kong court ordering the liquidation of property company China Evergrande Group. […]
Oil prices fell today after trading up earlier in the session. Both benchmarks had gained about 1.5% early in Monday trade, with Brent prices touching their highest since early November after a fuel tanker was hit by a missile in the Red Sea and U.S. troops were attacked in Jordan near the Syrian border. The […]
“If your actions inspire others to dream more, learn more, do more, and become more, you are a leader.” – John Quincy Adams Jobs Update Stocks closed mixed on Friday of last week, but up week over week The DOW closed higher on Friday of last week, up 60.30 points (0.16%), closing out the week […]