Energy Market Updates

This time last week futures markets were screaming higher on diminishing trade talks with China and larger sanctions on Russia Crude producers and their buyers. Those...

What a difference a week makes! Last week we were all feeling pretty good, wars were ending, pricing was falling, trade talks were on the horizon….. This week’s complete...

Important day yesterday in Diesel from a technical perspective as broke through some support levels that have been keeping the summer range in place. Could this be a...

The last week has given us about a $.15 pull back in pricing, putting us back into the middle of that summer range. As we head into the fall, it has become increasingly...

Diesel futures remain on the high side of the summer seasonal range, taking back all of last weeks losses.  Fundamentally, even as demand saw a little bit of a boost this past week, if you strip out exports (implied demand),  we are still well below last years figures.  Gasoline, while slightly more stable, is still soft on a national level.  The inelasticity of gasoline (people need gas to commute daily) tends to be overlooked more than Diesel as it has a direct relationship to the health of the overall economy.  If folks aren’t buying diesel, trucks aren’t running.   

Reading or watching the news the last few days, not only wants me to go live in a cave but has me wondering why markets have remained relatively calm. We didn’t start...

Diesel markets jumped Tuesday after the long weekend on news of US warships positioning themselves off the coast of Venezuela. The official stance is that they are...

Tuesdays price drop in diesel slid us back into the middle of the range we have been in this month. I expect a fair amount of back and forth to continue as markets weigh...

We appear to be on a four session rebound, after the past weeks meetings with both combatants and European leaders. The narrative that is coming across is that the US...

As predicted, higher tariff rates on China were pushed off until November 10^th cooling off Oil prices thus far this week. Little more bolder prediction…. PATS go 12-5...