Energy Market Updates

 It’s turned into a sit and wait game for much of the fuel markets the last week. Waiting for direct negotiations between the US and Iran on a formal peace deal. The US...

 As the ebb and flow of ship traffic in the Middle East returns to pre conflict levels, traders have cut roughly half the increase in futures pricing. Shipping rates...

 Deal signed, now what. Actually it’s a “memorandum of understanding”. Can you imagine the password on that Docusign email! A lot still has to fall into place before we...

 In a world of post first, verify later, it has become increasingly more difficult to put any sort of rational into market movements. One would expect today to see...

 Well, that escalated quickly. On Friday afternoon tweets of lifting a blockade and free flowing ships had futures continuing their downward spiral. But a few hours...

 After 25 years, it finally happened. I made the switch to an iPhone. So I apologize if I hung up on you, called you randomly, or sent an uncomprehensible text. I think...

 Once again the market is reacting to the sound bites given on the Iranian ordeal. Late Tuesday night we “were close to a deal”, causing a massive sell off in futures...

 Who said you cant triple stamp a double stamp? In an effort to restart ship traffic through the Strait of Hormuz, the US has begun a blockade of any ships going to or out of Iranian ports. Also attempting to secure passage for all other vessels. Effectively showing Iran they won't be able to fire upon vessels moving through the tight passage. Depending upon which news outlet you listen to, it appears to be working. Those countries who depend on Iranian product like China and India, are now forced into the discussions on some type of resolution.

Yesterday illustrates perfectly how reactive fuel markets are to world stress. You can look at ULSD futures as the blood pressure reading the financial world. Right now its reading 180 over 120….

I have said to many in the last week that even though pricing remained elevated, we appeared to be moving in the right direction. For thirty days the markets have been...