{"id":10834,"date":"2023-06-16T10:07:56","date_gmt":"2023-06-16T14:07:56","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=10834"},"modified":"2023-07-28T12:26:07","modified_gmt":"2023-07-28T16:26:07","slug":"petroleum-daily-report-6-16-2023","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-6-16-2023\/","title":{"rendered":"Petroleum Daily Report 6-16-2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">WTI for July delivery rose $1.66 per barrel to settle at $71.78 per barrel.&nbsp; &nbsp;Brent for August settlement rose 94 cents per barrel to $76.61 per barrel.&nbsp; Adding to this confusion are mixed signals from the physical market. Refinery outages in the U.S. and Europe are threatening to further increase crude inventories at key hubs, including Cushing, Okla., where stockpiles already are at the highest in two years.&nbsp; Stay tuned to PFL \u2013 we will see what happens next week.&nbsp; If you don\u2019t read PFL\u2019s Monday Rail Report you should \u2013 we are going to look at global LNG demand and cuts and secret Iran selling to the Chinese.&nbsp; Happy Father\u2019s day to all the dads out there!<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/06\/Petroleum_Daily6162023.pdf\" download>On Mobile? Click here to download the PDF<\/a><\/h3>\n\n\n\n<embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2023\/06\/Petroleum_Daily6162023.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Crude Oil Report\" alt=\"\">\n\n\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Stampede-2026.jpg\" alt=\"Stampede\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Calgary<\/li>\r\n\t\t<li>Attending: David Cohen (954-729-4774), Curtis Chandler(239-405-3365), Cyndi Popov (403-402-5043)   <\/li>\r\n\t<\/ul>\r\n<\/font>\r\n\r\n<figure class=\"wp-block-image size-full\">\r\n\t<img decoding=\"async\" src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2026\/03\/Mars-Lake-Geneva-2026.jpg\" alt=\"swars\" class=\"wp-image-11405\"\/>\r\n<\/figure>\r\n<font color=\"black\">\r\n\t<ul>\r\n\t\t<li>Where: Grand Geneva Resort<\/li>\r\n\t\t<li>Attending: Brian Baker (239.297.4519) <\/li>\r\n\t\t<li><a href=\"https:\/\/www.mwrailshippers.com\/event\/2026-summer-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Conference Website<\/a><\/li>\r\n\t<\/ul>\r\n<\/font>\n","protected":false},"excerpt":{"rendered":"<p>WTI for July delivery rose $1.66 per barrel to settle at $71.78 per barrel.&nbsp; &nbsp;Brent for August settlement rose 94 cents per barrel to $76.61 per barrel.&nbsp; Adding to this confusion are mixed signals from the physical market. Refinery outages in the U.S. and Europe are threatening to further increase crude inventories at key hubs, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-10834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for June 16th, 2023<\/title>\n<meta name=\"description\" content=\"WTI for July delivery rose $1.66 per barrel to settle at $71.78 per barrel.\u00a0\u00a0Brent for August settlement rose 94 cents per barrel to $76.61 per barrel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-6-16-2023\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Curtis Chandler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-16-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-6-16-2023\\\/\"},\"author\":{\"name\":\"Curtis Chandler\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/b52cec883a82d94540b07fb1f9e49319\"},\"headline\":\"Petroleum Daily Report 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