Waiting for the Feather to Drop
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...
Energy Market Updates
Posts about:
ukraine,
What a Difference a Week Makes: From Optimism to Overreaction
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...
Diesel Rebounds, Demand Lags, and Drones Hit Refineries
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.
Sanctions, Supply, and Semis: What’s Moving the Markets
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...
Market Volatility Surges as Ukraine Strikes Deep and US-China Trade Tensions Escalate
The big jump in futures earlier in the week came after the world saw that Ukraine still has a lot of fight left in the ongoing Russian war. Using what is considered “low...
Oil Futures Surge Amid Federal Trade Court Ruling on Tariffs
Oil futures jumped late yesterday and continue to rise early this morning on news that a Federal Trade Court has ruled the Administrations use International Tariffs does...
Distillates Down, Tonnage Down, Tariffs Up: What’s Fueling the Diesel Drop
The sell off in Diesel futures recently is welcome news to most as pricing is down roughly $.10 from a week ago. With new demand figures released yesterday showing...
The Oil Market Jenga: New Moves, Old Risks
The massive JENGA puzzle commonly referred to as the Oil Market has seen several layers added on top in the last week. Only to wake up today to a shaky future. Diesel...
Tariff Exemptions and Weak Demand Drive Diesel Downward
In the last four days Diesel futures have fallen harder than Shedeur Sanders on draft day. Losing about $.14 in value this past week, we mentioned that the focus would...
Happy First Day of Spring: Seasonal Adjustments & Global Tensions
Ahh, the first day of Spring, flowers poking through, grass greening up, Daughters 21st Birthday (ugh!). Perfect time to inspect tanks and access ways for any damage the...