{"id":14935,"date":"2024-08-01T18:20:57","date_gmt":"2024-08-01T22:20:57","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=14935"},"modified":"2024-08-01T18:20:58","modified_gmt":"2024-08-01T22:20:58","slug":"petroleum-daily-report-8-1-2024","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/","title":{"rendered":"Petroleum Daily Report 8-1-2024"},"content":{"rendered":"\n<p>Oil prices were lower today as global supplies have been mostly unaffected by worries of a wider Middle East crisis. &#8220;I think there is a growing realization that we haven&#8217;t seen any real supply disruption. The market is refocusing itself away from geopolitical issues, and looking at global demand for crude,&#8221; said Dennis Kissler, senior vice president of trading at BOK Financial. However, investors were keeping a close eye on any disruptions, particularly to oil shipping lanes, analysts said. Iran-aligned Houthi militants have attacked ships passing through the Red Sea, forcing tankers to choose longer alternate routes. OPEC+&#8217;s policy as agreed in June calls for some members to gradually phase out cuts of 2.2 million barrels per day from October 2024 to September 2025. The group also agreed to extend earlier cuts of 3.66 million bpd until end-2025. WTI traded down $1.60 or -2.1% to close at $76.31. Brent traded down $1.32 or -1.6% to close at $79.52.<\/p>\n\n\n\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2024\/08\/Petroleum_Daily812024.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\/08\/Petroleum_Daily812024.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 lower today as global supplies have been mostly unaffected by worries of a wider Middle East crisis. &#8220;I think there is a growing realization that we haven&#8217;t seen any real supply disruption. The market is refocusing itself away from geopolitical issues, and looking at global demand for crude,&#8221; said Dennis Kissler, senior [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1860,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-14935","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 August 1, 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-8-1-2024\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"guida\" \/>\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-8-1-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"Petroleum Daily Report 8-1-2024\",\"datePublished\":\"2024-08-01T22:20:57+00:00\",\"dateModified\":\"2024-08-01T22:20:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/\"},\"wordCount\":169,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/Crude-Oil-Refinery.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/\",\"name\":\"The PFL Petroleum Markets Report for August 1, 2024\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/Crude-Oil-Refinery.jpg\",\"datePublished\":\"2024-08-01T22:20:57+00:00\",\"dateModified\":\"2024-08-01T22:20:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#primaryimage\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/Crude-Oil-Refinery.jpg\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/Crude-Oil-Refinery.jpg\",\"width\":2500,\"height\":1667,\"caption\":\"Writen by David Cohen, this report summarizes the daily crude oil markets.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-1-2024\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Petroleum Daily Report 8-1-2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\",\"name\":\"PFL Petroleum Services LTD\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\",\"name\":\"PFL Petroleum Services LTD\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/instagramlogo.png\",\"contentUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/instagramlogo.png\",\"width\":180,\"height\":180,\"caption\":\"PFL Petroleum Services LTD\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/progressivefuelslimited\\\/\",\"https:\\\/\\\/x.com\\\/pflpetroleum\",\"https:\\\/\\\/www.instagram.com\\\/pflpetroleum\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/20513933\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCO9L3c7NjG9qoB1BmKf_Hsg\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\",\"name\":\"guida\",\"description\":\"John Guida is the Chief Data Analyst and Communications officer for PFL Petroleum Services LTD. For questions concerning the data supplied on PFLPetroleum.com please email john@pflpetroleum.com.\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/author\\\/guida\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The PFL Petroleum Markets Report for August 1, 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-8-1-2024\/","twitter_misc":{"Written by":"guida","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#article","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/"},"author":{"name":"guida","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d"},"headline":"Petroleum Daily Report 8-1-2024","datePublished":"2024-08-01T22:20:57+00:00","dateModified":"2024-08-01T22:20:58+00:00","mainEntityOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/"},"wordCount":169,"publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery.jpg","articleSection":["Petroleum Daily"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/","url":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/","name":"The PFL Petroleum Markets Report for August 1, 2024","isPartOf":{"@id":"https:\/\/pflpetroleum.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#primaryimage"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery.jpg","datePublished":"2024-08-01T22:20:57+00:00","dateModified":"2024-08-01T22:20:58+00:00","breadcrumb":{"@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#primaryimage","url":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery.jpg","contentUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery.jpg","width":2500,"height":1667,"caption":"Writen by David Cohen, this report summarizes the daily crude oil markets."},{"@type":"BreadcrumbList","@id":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-1-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pflpetroleum.com\/reports\/"},{"@type":"ListItem","position":2,"name":"Petroleum Daily Report 8-1-2024"}]},{"@type":"WebSite","@id":"https:\/\/pflpetroleum.com\/reports\/#website","url":"https:\/\/pflpetroleum.com\/reports\/","name":"PFL Petroleum Services LTD","description":"","publisher":{"@id":"https:\/\/pflpetroleum.com\/reports\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pflpetroleum.com\/reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pflpetroleum.com\/reports\/#organization","name":"PFL Petroleum Services LTD","url":"https:\/\/pflpetroleum.com\/reports\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/logo\/image\/","url":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/02\/instagramlogo.png","contentUrl":"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/02\/instagramlogo.png","width":180,"height":180,"caption":"PFL Petroleum Services LTD"},"image":{"@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/progressivefuelslimited\/","https:\/\/x.com\/pflpetroleum","https:\/\/www.instagram.com\/pflpetroleum\/","https:\/\/www.linkedin.com\/company\/20513933","https:\/\/www.youtube.com\/channel\/UCO9L3c7NjG9qoB1BmKf_Hsg"]},{"@type":"Person","@id":"https:\/\/pflpetroleum.com\/reports\/#\/schema\/person\/f3f5ee51a3b008e32db5c8092a5fd51d","name":"guida","description":"John Guida is the Chief Data Analyst and Communications officer for PFL Petroleum Services LTD. For questions concerning the data supplied on PFLPetroleum.com please email john@pflpetroleum.com.","url":"https:\/\/pflpetroleum.com\/reports\/author\/guida\/"}]}},"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery-150x150.jpg",150,150,true],"full":["https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/09\/Crude-Oil-Refinery.jpg",2500,1667,false]},"categories_names":{"26":{"name":"Petroleum Daily","link":"https:\/\/pflpetroleum.com\/reports\/category\/petroleum-daily\/"}},"tags_names":[],"comments_number":"0","_links":{"self":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/14935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/comments?post=14935"}],"version-history":[{"count":1,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/14935\/revisions"}],"predecessor-version":[{"id":14936,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/posts\/14935\/revisions\/14936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media\/1860"}],"wp:attachment":[{"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/media?parent=14935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/categories?post=14935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pflpetroleum.com\/reports\/wp-json\/wp\/v2\/tags?post=14935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}