The market has had a bearish tone lately. The real surprise is Gas. Memorial Day weekend is the typical beginning of the summer driving season and higher gas demand for the United States. There have been a few slight up days in the last 2 weeks but mostly gas has been trending down. Distillate and […]
Energy Market Update – June 5, 2024 Read More »
Energy UpdateOil and products are lower today as the market looks to continue this week’s slide. Worries surrounding economic conditions and fuel demand due to higher interest rates along with expectations that the FED will not cut rates until fall at the earliest is weighing on prices. Further insights into the FED’s policy could be seen
Energy Market Update – May 22, 2024 Read More »
Energy UpdateMarkets are starting to find some direction since the release of the DOE (Department Of Energy Report) came out this morning (see chart below). With a more than expected build on crude, diesel and gas markets have started to soften. The last two days we have seen a little bit of a downward trend so
Energy Market Update – April 10, 2024 Read More »
Energy UpdateThe oil market has seen a lot of back and forth here the last week or so. Next, we will discuss some of the key pieces of news that affect the markets. Supply and demand is always a key piece in market direction. Currently the global oil market is relatively well supplied. Some of this
Energy Market Update – March 8, 2024 Read More »
Energy, Energy UpdateIt has been a wild week for refined fuel to say the least, the exception being Monday, which was slightly down. Every day since has seen minimal to large gains in crude and in products. Today that trend continues, this morning was fairly quiet, but at the time of this writing distillate is up $.05
Energy Market Update – February 9, 2024 Read More »
Energy UpdateThe energy markets continue to be highly volatile. In today’s Energy Market update we will discuss the news that is driving these markets. The Red Sea. There have been multiple attacks on shipping vessels in the Red Sea by the Houthi militia group. They have vowed to continue attacks until aid reaches Palestinians in Gaza.
Energy Market Update – January 26, 2024 Read More »
Energy, Energy UpdateThere is a lot to unpack in todays update. At the beginning of December, we saw steady drops for an extended period. Mid-December is when the swing started to occur, and the bulls stayed strong until Christmas. The last few days have finally shown a pullback. Will this last? Hard to say as there are
Energy Market Update – December 29, 2023 Read More »
Energy UpdateChinese refiners demand for Saudi Aramco crude oil for January is the lowest in five months. Higher than expected prices prompted buyers to look for cheaper supply. About 40 million barrels were nominated by Chinese refiners for January loading, this is down from about 46 million for December, trading sources said. This is the lowest
Energy Market Update – December 12, 2023 Read More »
Energy, Energy UpdateYesterday crude, distillate, and gas took a wild ride to the downside. Today is going the other way, at the time of this writing crude is up over $2.00 per barrel, and both distillate and gas are up over $.06 cents. Could it be that traders are just taking advantage of some low prices going
Energy Market Update – November 17, 2023 Read More »
Energy UpdateThe energy markets seem to be taking a little breather today. At the time of this writing markets are down across the board. Let’s look at some of the news affecting the markets. The U.S has increased sanctions against Russia over the war in Ukraine. Seven Russian banks along with a dozen companies were added
Energy Market Update – November 3, 2023 Read More »
Energy, Energy Update