Major Consumers Considering Strategic Petroleum Release

This morning oil prices are up, with crude reaching as high as $99.10 in the early morning. Higher prices come amid supply concerns that are directly associated with the ongoing Russian invasion of Ukraine and the sanctions being handed down on Russia. Due to severe supply worries from many major world oil consumers, these countries […]

Week in Review – February 25, 2022

Major headlines this week included pre-invasion calls from Biden to meet with Putin about diplomacy, supply concerns that are rampant throughout the world, and the Russian invasion of Ukraine. First, earlier this week Biden again tried to urge Putin to choose diplomacy over invasion. The meeting was only going to happen if Putin did not […]

Russia Invades Ukraine – Fuel Up 20 Cents

Today is a day filled with outrage and fear – emotions permeating not just the political sphere but also the financial. With dozens of casualties reported on both sides of the Russia-Ukraine conflict, international leaders are condemning Russia for their attack and threatening tough financial sanctions. What does all this mean for fuel markets? Markets […]

Supply Concerns – At Home and Abroad

Yesterday prices went through several gyrations, though ultimately fuel prices went from being up a dime to just 3 cent gains by the end of the trading session. Volatility is expected, given major geopolitical actions beginning at the Ukraine border. Labeling yesterday’s actions as “the beginning of a Russian invasion,” President Biden added fresh sanctions […]

Russian Invasion Halts Nord Stream 2 – What It Means for Oil

It’s happening. After weeks of uncertainty, Russia has moved troops into eastern Ukraine, deeming those areas independent territories. The West is responding with limited sanctions, reserving stronger sanctions for more overt actions from Russia. Fuel prices are surging nearly 8 cents per gallon this morning. One country has unilaterally shown how severe the cost of […]

Biden Calls for Diplomatic Meeting with Putin

This morning oil prices are up as an imminent Russian invasion of Ukraine is becoming more likely. In the wake of tensions between Russia and NATO, President Biden and his administration have called for an in-person meeting with Putin to discuss diplomatic solutions to prevent war in Europe. Biden’s meeting is contingent on Russia not […]

Iran Deal Possible Within Days – Lower Prices Ahead?

While all eyes have been focused on the Russia-Ukraine border, negotiators have been making quiet progress on the US-Iran nuclear deal. Now, US negotiators are saying that the coming days will be make-or-break for the deal, and Iran’s top negotiator hinted that an agreement is “closer than ever.” With Citi analysts targeting a drop to […]

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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