{"id":3045,"date":"2021-03-08T17:58:00","date_gmt":"2021-03-08T22:58:00","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=3045"},"modified":"2023-06-16T15:22:19","modified_gmt":"2023-06-16T19:22:19","slug":"petroleum-daily-report-3-8-2021","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-3-8-2021\/","title":{"rendered":"Petroleum Daily Report 3-8-2021"},"content":{"rendered":"\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/03\/Petroleum_Daily382021.pdf\" download>On Mobile? Click here to download the PDF<\/a><\/h3>\n\n\n\n<p>The oil rally slowed today with news of a strengthening dollar despite the attack on the crude oil terminal in Saudi Arabia. Production and export capabilities following the attack in Saudi Arabia came out relatively unscathed, so the market has taken that as a cue for some profit-taking, said Tony Headrick, an energy commodity broker at CHS Hedging. But underlying it all is a fundamental setup that is supportive. Global crude and product inventories continue to drain down, encouraged as of late by the recent OPEC+ decision. In Texas 7 of the 18 downed refineries resumed normal operation allowing for 2 mill barrels \/ pay crude processing.<\/p>\n\n\n\n<embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2021\/03\/Petroleum_Daily382021.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" alt=\"The oil rally slowed today with news of a strengthening dollar despite the attack on the crude oil terminal in Saudi Arabia. Production and export capabilities following the attack in Saudi Arabia came out relatively unscathed, so the market has taken that\nas a cue for some profit-taking, said Tony Headrick, energy commodity broker at CHS Hedging. But underlying it all is a fundamental setup that is supportive. Global crude and product inventories continue to drain down, encouraged as of late by the recent OPEC+ decision. In Texas 7 of the 18 downed refineries resumed normal operation allowing for 2 mill barrels \/ pay crude processing.\">\n\n\n\n<center><h4>Missed our Morning Podcast? Catch up here!<\/h4><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/VMUeCky3Wb8\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/center>\n","protected":false},"excerpt":{"rendered":"<p>On Mobile? Click here to download the PDF The oil rally slowed today with news of a strengthening dollar despite the attack on the crude oil terminal in Saudi Arabia. Production and export capabilities following the attack in Saudi Arabia came out relatively unscathed, so the market has taken that as a cue for some [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3045","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 March 8th, 2021<\/title>\n<meta name=\"description\" content=\"The oil rally slowed today with news of a strengthening dollar despite the attack on the crude oil terminal in Saudi Arabia.\" \/>\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-3-8-2021\/\" \/>\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-3-8-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-3-8-2021\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 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