Springfield MA to Lose 100+ Jobs Over Service Interruptions

Posted by Mark Pszeniczny on Jul 26, 2013 9:22:00 AM

An Ounce of Prevention is Better than a Pound of Cure!!

According to WGGB.com, a Springfield MA based call center is closing due to the potential service interruptions the company has incurred and  forsees based on the extreme weather Western Mass has been hit with in the past few years. This closure will cost over 100 people their jobs in the Springfield area. According to their CFO, the assurance of 24/7/365 service they provide to their customers prompted the companies decision to move to a less disruptive area. (In this case, Chicago).

Service interruption is a primary concern, especially with the ever increasing data storage requirements and 24-7 nature of many industries today. Whether you run a  hospital emergency room, a  research and development lab or simply run servers to back up your financial data -  the fact is, you can NOT afford to lose your power and lose your data.

So what can you do about it?

An Emergency Generator. But how do you ensure your generator is ready to handle whatever nature throws your way?  You contract with a reputable fuel supplier who will guarantee that you are fueled and ready at all times. That’s where we come in.

Dennis K Burke’s Emergency Generator Program is the best way to guarantee that you’re ready. We guarantee delivery time windows along with a quarterly maintenance check-up that provides your fuel quality additives to keep your tank ready to go.

For more information on our Generator Program – you can click here: http://www.burkeoil.com/fuel-and-gasoline/generator-fuel-program, or speak to one of our experts at 617-884-7800 or by email at insidesales@burkeoil.com  

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Topics: Generator Fuel, Western MA

Bulls Remain in Control of Markets

Posted by Mark Pszeniczny on Jul 16, 2013 5:45:00 PM

July 16th - Energy Bulls showed their muscle today by posting solid gains after an ever so slight dip yesterday.  On the back of an early weak dollar, RBOB and HO were up almost .03 cents in the early morning.  After what appeared to be some resistance touching, futures slid to even shortly after Open outcry, even posting some negative numbers.  The slide was short-lived as traders began to focus on this weeks inventory levels that are projected to show a draw of roughly 3mbls of Crude, signaling a rising demand.  Small refinery news and traders rolling positions into AUG also contributed to today's rise.   Personally, I have said for months that HO is stuck in this large new normal range of 2.75 to 3.05, being at the top of that range now, one has to speculate at how much higher we can go.  At the close, Crude was able to shed some pounds finishing down .32 to $106.00, HO added .0208 to $3.0469 and RBOB gained .0314 to $3.1343.  RBOB appears to be driving the market so Wednesdays price action will be intresting.

Energy market heat chart

RBOB Close
               CLOSE         CHANGE        
 AUG   3.1343         +.0314
SEP   3.0530         +.0227
OCT   2.8702       +.0186
NOV    2.8074        +.0137
DEC    2.7655       +.0094
JAN    2.7437       +.0057
HEAT Close
      CLOSE            CHANGE
AUG    3.0469       +.0208
SEP    3.0464       +.0186
OCT    3.0449       +.0167
NOV    3.0426      +.0138
DEC    3.0401       +.0113
JAN    3.0382       +.0091

 

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Topics: Dollar Struggles, Bull Market, Daily Heating Chart, RBOB

Bullish DOE Report Causes Futures Slide

Posted by Mark Pszeniczny on May 22, 2013 6:35:00 PM

A few days away from the "official" start of the driving season saw gas prices tumble.... Or at least that what the news outlets will be saying.  Futures corrected today as the DOE report showed a strong 3mbl build while the Trade expected 1m gallon draw.  Distillates and Crude were somewhat bearish showing draws of 1.1mbl and 338k respectively.    Losses could have been much steeper, but selling appeared to be tempered by the fact that most believe the FED will continue stimulus measures until a clear sign of economic improvements.  The assumption is that should the FED start to pull back their measures, it could cause a significant sell off as people get rid of long positions.  HEAT still seems content be range bound between 3.10 and 2.75, with a tighter range of 2.85 to 2.95.  At the close, Crude fell $1.90 to $94.28, RBOB lost .0264 to $2.8194 and HEAT took the brunt of the hit dropping .0554 to $2.8736, which is surprising since the builds were seen in Gas.

 

 

RBOB Close
      CLOSE            CHANGE
JUN    2.8194       -.0264
JUL    2.8122       -.0257
AUG    2.7950       -.0252
SEP    2.7705       -.0260
OCT    2.6332       -.0273
NOV    2.6060       -.0283
HEAT Close
      CLOSE            CHANGE
JUN    2.8736       -.0554
JUL    2.8687       -.0506
AUG    2.8753       -.0472
SEP    2.8844       -.0447
OCT    2.8925       -.0426
NOV    2.8976       -.0408
5-22 heat chart
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Topics: DOE, Crude draws, Stimulus

Futures Turn on Stimulus Talk

Posted by Mark Pszeniczny on May 15, 2013 5:29:00 PM

Much of what we view every day in this business is based primarily on expectations and ultimately, reality.  Today was precisely one of those days.  While most expected slightly bearish inventory numbers, the news at 10:30 that showed Gasoline's up 2.6mbl and Distillates up 2.3mbl well beat expectations of builds of 700k and 800k respectively.  Pits reacted by selling off over four cents in each HO and RBOB.  With Crude showing a draw of 600k barrels while many expected a build of the same amount, you had to think how long the fall would last.  At the same time, the European Zone released figures that showed its GDP fell for the sixth straight quarter.  Soon talk of more FED stimulus took over the trade and the buy back gained momentum.  From what started out as a solid down day, turned on the expectation of what we think might happen, thus pushing the NYMEX higher by the closing bell.  At the close, Crude gain .09 to $94.30, HEAT added .0071 to $2.8801 and RBOB led the charge jumping .0294 to $2.8670, almost .10 higher than the intraday low.... Looks like some expect a busy driving season.

 

RBOB Close
      Close            Change
JUN    2.8670       +.0294
JUL    2.8480       +.0276
AUG    2.8192       +.0260
SEP    2.7853       +.0247
OCT    2.6407       +.0190
NOV    2.6130       +.0166
HEAT Close
       Close            Change
JUN    2.8801       +.0071
JUL    2.8742       +.0080
AUG    2.8797       +.0095
SEP    2.8892       +.0107
OCT    2.8977       +.0111
NOV    2.9031       +.0107
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Topics: Distillates Build, GDP, European Economy, Futures, Stimulus

NYMEX Makes an About-Face on Jobs Report

Posted by Mark Pszeniczny on May 3, 2013 5:06:00 PM

After starting the early morning in the red, Markets made an about face mid morning as new economic news hit the wires. The Jobs report showed an additional 165,000 jobs were added last month, above the 148k expected. That pushed unemployment down to roughly 7.5%, additionally the magic pencil revised March and February numbers up by a combined 60k jobs. While these are encouraging numbers for the US workforce, most agree that the World market may not be as optimistic. A well supplied market and growing concern over an already fragile European Zone, which today cut forward growth rates, has limited the upside to the NYMEX over the last several sessions. Additionally, China is expected to report sluggish manufacturing rates next week. As the day went on, distillate markets cooled off while gasoline still stayed strong. Look for next week to be much of the same as positions look to be solidified as we move towards the summer driving hype. At the close, Crude added $1.62 to $95.61, HEAT gained .0289 $2.8844, and RBOB jumped .0448 to $2.8254

 

DAILY HEAT CHART

Daily heat chart

RBOB Close
CLOSE CHANGE
JUN 2.8254 +.0448
JUL 2.8072 +.0418
AUG 2.7817 +.0399
SEP 2.7515 +.0394
OCT 2.6101 +.0392
NOV 2.5867 +.0376
HEAT Close
CLOSE CHANGE
JUN 2.8844 +.0289
JUL 2.8824 +.0291
AUG 2.8884 +.0312
SEP 2.8964 +.0321
OCT 2.9032 +.0324
NOV 2.9072 +.0321
 
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Topics: European Economy, Jobless numbers, Euro Debt Zone, Chinese Industrial Output

NYMEX Tumbles as Markets eye Italian Election

Posted by Mark Pszeniczny on Feb 26, 2013 5:08:00 PM

Bears were out in full force today (actually saw them hit after the close on Monday) as all eyes were watching election results in Italy.  No clear cut winner has been announced thus casting doubt and uncertainty on recently passed austerity measures.   The effect saw the US Dollar rise against the World basket forcing Commodities to fall harder than Tom Brady's Agents Commission check.  Adding to the sell off was increasingly better news from the housing market with December values showing a .2% increase and 6.8% increase year on year.  All this and as I walked into a lunch saw Fed Chief Bernanke on a big screen TV saying the economy is far better off than in recent years and that the FED is currently looking at ways to end its quantitative easing policies.  Today had a flurry of news to push pricing down, but I still hang my hat on  the saying "high prices is the cure for high prices"  as we exit the heating season in the Northeast and some retail stations above $4.00 a  gallon,  some would say the US economy would struggle to support these energy costs.  At the close, Crude lost .48 to $92.63, HEAT fell .0672 to $3.0317 and RBOB tumbled .0795 to $2.9816. 

Italian heat chart

RBOB CLOSE
                 CLOSE       CHANGE 
  
MAR       29816       -.0795
APR        31988      -.0648
MAY      31617      -.0625
JUN         31035      -.0604
JUL          30450       -.0583
AUG        29872        -.0560
 
HEAT CLOSE
          CLOSE    CHANGE
MAR        30317      -.0672
APR        30268      -.0713
MAY       31139     -.0672
JUN        30862      -.0645
JUL        30704        -.0622
AUG       30576     -.0594
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Topics: Commodities, Italian Election, RBOB tumbles, Dollar Strengthens

Futures Continue to Rise as Supply Questions Loom

Posted by Mark Pszeniczny on Jan 29, 2013 3:41:00 PM

The NYMEX continued strong gains as most early risers thought we would see a reversal of yesterdays spike. At 5 am, RBOB was down almost .03 and HO was down about a penny. It had me thinking that yesterdays reaction to the Hess announcement that it was closing their New Jersey refinery was somewhat overdone. But as the rest of the world woke up, and saw the Dollar struggling, Futures made an about face at the open. While consumer confidence was reported to be at the lowest levels since late 2011 (maybe an effect of Americans seeing less in their checks this month), Home values were reported to see roughly a 5.5% increase in values year on year. Back to the notion of a gasoline shortage, with there being only two major refineries to serve the Eastcoast, it is easy to see how some can predict a long term crunch. My hunch is higher prices will solve that problem eventually. Still, HO has risen above the top end of the range we have been stuck in since October, closing up .0476 to 3.1092, RBOB added.0386 to 2.9734 and Crude gained $1.13 to $97.57. All ahead of the relatively tropical forecast for the next two days. (shown below)

Weather heat map of the USA

RBOB CLOSE
CLOSE CHANGE
 
FEB 29734 +.0386
MAR 29763 +.0354
APR 31242 +.0388
MAY 30961 +.0364
JUN 30469 +.0332
JUL 29971 +.0306
HEAT CLOSE
CLOSE CHANGE
FEB 31092 +.0476
MAR 30986 +.0443
APR 30806 +.0398
MAY 31151 +.0360
JUN 30961 +.0326
JUL 30856 +.0308
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Topics: Hess closes Refinery, Dollar Struggles, East Coast Refineries, Gasoline Supply Crunch

NYMEX Stays Range Bound with Strong Pull Back

Posted by Mark Pszeniczny on Jan 11, 2013 5:15:00 PM

Most pundits have been warning of upside breakout potential with this market for the last several sessions. When you really look at HO for the last four months, the defined range of 2.95 to 3.05 has held, with conviction. As much as I try to disprove the techies with fundamental basics, I am batting roughly .146 since October. That's a slump!

Although, we must point that todays selling seemed to be a reaction to China data reporting that runaway inflation is imminent. The news should have sent futures higher but those trying to avoid risk proceeded to sell off. Additionally, the Saudi Group has acknowledged lower production rates, signaling to the investors that demand may be waning in the weeks to come.

This weeks massive builds in products weighed heavy today in the minds of traders as many had to decide to be long or short with it almost 40 degrees in mid January. At the close, Crude fell .26 to $93.56, HO lost .0458 to $3.0085 and RBOB slipped .0538 to $2.7395

DAILY HEATING OIL CHART

Heat map

RBOB CLOSE
CLOSE CHANGE
 
FEB 27395 -.0538
MAR 27543 -.0483
APR 29165 -.0381
MAY 29072 -.0375
JUN 28771 -.0253
JUL 28422 -.0335
HEAT CLOSE
CLOSE CHANGE
FEB 30085 -.0458
MAR 30018 -.0438
APR 29901 -.0422
MAY 30210 -.0410
JUN 30050 -.0398
JUL 29969 -.0385
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Topics: Saudi Group, Chinese Inflation, Fundamentals, Distillates Build

Futures Rise as Cliff gets Less Steep and DOE's Draw

Posted by Mark Pszeniczny on Dec 19, 2012 5:40:00 PM

Overnight trading set the tone for much of todays session as early markets were up well over two cents on both products. News out of European Markets showed that Greece's credit rating had been upgraded along with an unexpected increase in the consumer confidence among Germans had pushed the US dollar lower. Commodities were the unfortunate collateral damage in this scenario. More importantly, it appears that some movement by GOP leaders to increase taxes on those Americans making over $1 million a year (Phew, I'm safe!) has been seen as a major concession in the stalled talks. Again, Bullish on Commodities. Lastly, the DOE's released the weekly numbers that showed draws in distillates and Crude, -1.1mbl and 949k respectively, with a modest build in gasolines, +2.2mbl. The report was viewed as Bullish by most even with Crude missing the expectations of a 1.3mbl draw, evidence of the mentality of the day already given up to higher prices. Look for action to continue higher as a historical light trading week winds down and HO stays well within the 2.90 to 3.10 range we have been in for the last 90 days. At the close, Crude gained $1.58 to $89.51, Heat added .0391 to $3.0356 and RBOB led gaining .0522 to $3.7431.

 

DAILY HEATING OIL CHART

heat map

 

RBOB CLOSE
CLOSE CHANGE
 
JAN 27431 +.0522
FEB 27338 +.0496
MAR 27412 +.0495
APR 28792 +.0582
MAY 28719 +.0499
JUN 28406 +.0486
HEAT CLOSE
CLOSE CHANGE
JAN 30356 +.0391
FEB 30313 +.0374
MAR 30176 +.0353
APR 29965 +.0355
MAY 30258 +.0352
JUN 30077 +.0345
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Topics: Fiscal Cliff, Dollar falls, DOE, Crude draws, Tax Increases

Different Day, Same Headline as Futures Retreat

Posted by Mark Pszeniczny on Dec 11, 2012 8:23:00 AM

Once again the NYMEX started off the session well into positive territory with a strong Sunday night open. Much of the gains were attributed to Chinese data released Sunday that showed its Industrial Output rose year over year, signaling stronger demand. But as the day wore on, continued worries about Europe, as the Italian Prime Minister abruptly resigned, appeared to be entering into Traders minds. That fear turned inward as the real concern centers around US distillate demand. Its Common knowledge that inventory levels of distillates are on the very low end of the range, so in the minds of most, the lack of demand is overshadowing the lack of product. Others point that this is just the season to book some profits as traders square up the quarter. I'm pleasantly surprised that we have maintained HO below the $2.95 level, a clear level of support is difficult to define at this time. At the close, Crude fell .37 to $85.56, RBOB was up only 7 points to $2.5981 and HEAT led the charge lower falling .0191 to $2.8962.

Heat map

 

RBOB CLOSE
CLOSE CHANGE
 
JAN 25981 +.0007
FEB 26071 +.0024
MAR 26266 +.0034
APR 27758 +.0041
MAY 27705 +.0035
JUN 27437 +.0020
 
HEAT CLOSE
CLOSE CHANGE
JAN 28962 -.0191
FEB 29056 -.0184
MAR 29043 -.0178
APR 28923 -.0157
MAY 29227 -.0138
JUN 29095 -.0124
Read More

Topics: Prime Minister Resigns, US Distillate Demand, NYMEX, Chinese Industrial Output

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