Energy Market Updates

 Last week we were optimistic that markets would turn south with news that Iran and the US would be meeting over the weekend to hammer out a resolution. That all turned Saturday morning with a tweet that the meeting was off. The past week has shown little in way of the conflict ending anytime soon. A senior meeting at the White House indicated that we could be in for “months” long standoff, and the President stating that he would like the Russian-Ukraine conflict to end at the same time.

Futures markets surged higher yesterday on both a breakdown of Ukrainian-Russian talks along with naval “exercises” by Russian and Iranian fleets next to the Straits of Hormuz. A long talked about chokepoint in shipping and oil movements, any stress in that region will trigger panic buying. Good news is that east coast cash prices for products did not move has high as futures, which is reflected in your pricing. Still Diesel futures sit roughly $.50 higher than early JAN, touching the very top end of the range. Warmer temps into the Northeast are also helping to ease physical pricing as product movement and usage gets back to a normal pace.

Like most things, it has taken me a while to catch on. (except the bold 12-5 Patriots prediction) But I think I may have finally understood what the new obsession with...

It’s always the final mile, the last yard, in our case, the last $.15 that is the toughest. Coming off of the Holiday break, the collapse of futures has eased somewhat....

It is very rare to see the markets drop going in to a long weekend. Wednesdays dip capped off a six day free fall for diesel pricing that saw roughly $.25 get erased,...

The trifecta of energy markets, Crude, Diesel, and Gasoline, typically march in lock step with one another. That is, the finished products like Diesel and Gasoline...

Yesterday finally gave some relief from the meteoric rise both gasoline and diesel pricing the last month. Most of which has been attributed as collateral damage to...

Still waiting for the feather to start dropping. The last several sessions, this morning included, has seen oil markets strengthen. We are now at highs not seen since...

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...