{"id":13309,"date":"2024-01-18T19:53:04","date_gmt":"2024-01-19T00:53:04","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=13309"},"modified":"2024-01-30T16:31:12","modified_gmt":"2024-01-30T21:31:12","slug":"petroleum-daily-report-1-18-2024","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-1-18-2024\/","title":{"rendered":"Petroleum Daily Report 1-18-2024"},"content":{"rendered":"\n<p>Oil prices were higher today after the IEA joined OPEC in forecasting strong growth in global oil remand. Also helping prices, cold weather disrupted US crude output. In the United States, about 40% of oil output in North Dakota&#8217;s oil output remained shut-in due to extreme cold weather and operational challenges, the top oil-producing state&#8217;s pipeline authority said on Wednesday. The EIA reported a draw of 2.5MM\/bbls, higher larger then expected. &#8220;The fear of another large build of total inventories has not materialized, modestly supporting prices,&#8221; said Giovanni Staunovo, analyst at UBS. WTI traded up $1.52 or 2% to close at $74.08. Brent traded up $1.22 or 1.6% to close at $79.10.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/01\/Petroleum_Daily1182024.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\/2024\/01\/Petroleum_Daily1182024.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" title=\"Crude Oil Report\" alt=\"\">\n\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 Resor<\/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>Oil prices were higher today after the IEA joined OPEC in forecasting strong growth in global oil remand. Also helping prices, cold weather disrupted US crude output. In the United States, about 40% of oil output in North Dakota&#8217;s oil output remained shut-in due to extreme cold weather and operational challenges, the top oil-producing state&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-13309","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 v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for January 18th, 2024<\/title>\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-1-18-2024\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Cohen\" \/>\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-1-18-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-1-18-2024\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 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For questions concerning the Daily Petroleum Markets Report or suggestions for a future release contact squad@pflpetroleum.com\",\"sameAs\":[\"https:\\\/\\\/pflpetroleum.com\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/david-cohen-b81b57277\\\/\"],\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/author\\\/cohen\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The PFL Petroleum Markets Report for January 18th, 2024","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-1-18-2024\/","twitter_misc":{"Written by":"David Cohen","Est. reading time":"1 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