Energy Market Updates

All Markets appear to be on edge as they try to figure out what the actual effect of tariffs would be with Canada and Mexico, if they are ever more than just words. Fuel...

In a world where common sense is very uncommon, I would like to believe that the collective brainpower of the oil markets still have some remaining. We say all the time...

Just like August are the dog days of Summer, February is the dog days of winter. It can be a grind as mother nature lets you know she is still in charge by gifting us...

The bulk of the Oil Industry was at Defcon 1 on Monday afternoon as 10% Tariffs on Canadian energy products were hours away from taking effect. For much of the Northeast...

The strength of the futures market since the new year is somewhat perplexing. Many originally thought the ushering in of a new Administration would see pricing continue...

The NYMEX tumbled back down today, erasing Friday's rally. At the close, ULSD shed .0546 to $1.8356, and RBOB dropped .0635 to $1.7180, with Crude closing at $54.69, which puts us back in the territory we saw on Thursday, essentially. (We were $1.8529, $1.7499 and $53.95 at the close Thursday after record slides).

Markets rebounded somewhat today from yesterdays massive slide.

Oil & Refined products all plunged today on a series of events. Both Brent & WTI were down over 3% this morning, and by 2pm refined products were down over 11 cents.

Prices surged this morning after a slow down on Friday, on news from the G20 Summit that Russia and Saudi Arabia have agreed to extend the OPEC+ production cuts by another 6-9 months. The agreement still needs to be ratified at the upcoming OPEC meeting, but that is essentially a formality at this point, given Russia & the Saudi's are in agreement.