Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“A wise man can learn more from a foolish question than a fool can learn from a wise answer.” – Bruce Lee Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed lower on Friday of last week, down -18.38 points (-0.05%), closing out the week at […]
Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving OPEC, but rose for the week over week on positive U.S. economic news and worries Houthi ship attacks would boost supply costs. WTI closed at $73.56 per barrel down 33 cents per barrel. Merry Christmas […]
Oil prices were lower today on worries that OPEC+ would not be able to support prices by limiting global supplies. “It seems like OPEC is losing the battle to keep prices higher,” said Matt Smith of shipping tracking firm Kpler, noting that non-OPEC producers like the U.S. have stepped up to fill the supply gap. […]
Oil prices settled slightly higher today after a choppy trading session. Both benchmarks briefly turned negative following the EIA report but traded up later in the day on news of of more maritime carriers staying clear of the red sea. “The possibility of a significant price downturn would appear likely on first suggestion of stabilization […]
Oil prices rose more than $1 today extending yesterdays concerns as Houthi attacks on ships in Red Sea continue to disrupt maritime trade in the region. The U.S. on Tuesday announced the creation of a task force to safeguard Red Sea commerce from attacks by Iran-backed Yemeni militants. The Houthis have vowed to defy the […]
Oil prices rose nearly 2% as investors were concerned about disruptions to maritime trade. Geopolitical tensions are rising as ships in the Red Sea are falling under attack by rebel groups in Yemen. “There are now the increased supply costs to consider as a growing number of oil tankers are halting all sails through the […]
“The beauty is that through disappointment you can gain clarity, and with clarity comes conviction and true originality.” – Conan O’Brien Jobs Update Stocks closed mixed on Friday of last week, but higher week over week The DOW closed higher on Friday of last week, up 56.81 points (+0.15%), closing out the week at 37,305.16, […]
Oil prices closed at a small loss for the day in a choppy session. “What started the sell off was the sharp drop in the New York manufacturing numbers,” said Phil Flynn, analyst at Price Futures Group. “This market seems a little more sensitive to every new headline,” Flynn added. “They’re still not sure we’ve […]