Energy Market Updates

 As much of the northeast is still digging out of the blizzard, Thank You for keeping those fills and access ways clean. With some local communities still enforcing...

There is light on the horizon. It finally appears that the Northeast is making its way out of the longest severe cold stretch in over 10 years. Not to mention some heavy snow accumulations throughout the region. During this period we saw Natgas spike forcing most power plants into curtailment relying upon fuel oils to produce electricity, terminal ports needing ice breaking ships to allow offloading of product, four hour loading lines at terminals, and every fill cap north of Baltimore frozen. Lingering effects persist with Kero pricing remaining very high as seasonal stocks start to dwindle. With the predicted warm up, we hope to see some return to normalcy in the next few days.

Distillate pricing now sits almost $.60 more than the first of the month. A dramatic rise fueled by renewed pressure on Iran, Cold covering half the country, a massive east coast storm and a surprise pause in Interest rates.

My mother always said “some things are better left unsaid”.  Topics like Religion, your In-laws cooking, or desire to annex Greenland.  Typical stuff.  As the week started,...

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....

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...

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 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...