Another Biden Oil Release?

Oil prices are down sharply today following headlines last night that the Biden administration is considering another, bigger release from the Strategic Petroleum Reserve.  The administration is trying to get prices under control as we head into the summer months when demand typically rises by 1-2 million barrels per day. Whether or not supply can […]

Putin Warns of Possible Ruble Export Pricing

Prices are up this morning following the continued bombing of Ukrainian cities, despite Russia’s pledge this week to pull back from the city of Kyiv and increase mutual trust between itself and Ukraine. Russia continues facing economic hardship due to strict sanctions imposed by NATO countries. Now, in an attempt to make business painful for […]

Mid-Week Review – March 30, 2022

Putin should think about the consequences of asking for energy payments in rubles, Germany says Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles. Russia’s Putin said last week that “unfriendly” nations would be asked to pay for their natural gas in rubles — […]

Dominos Fall as Russian Aggression Continues

Oil prices are down significantly this morning, reaching as low as $100.68. As Russian oil supply continues to be disrupted by sanctions, the effects are spreading, as evidenced by the Kazakhstan supply issues. Russia’s invasion of Ukraine set off a domino effect throughout the oil supply chain, and now those dominos are falling for producers […]

Energy Companies Report Cyber-Probes – Is Your Fuel at Risk?

The Russia-Ukraine conflict is entering its second month, and global powers are gearing up for a prolonged conflict. NATO has approved plans to move troops to its eastern countries to deter Russian aggression on NATO territory. Along with increased military aid to Ukraine, the US committed to accepting 100,000 Ukrainian refugees. President Biden also hinted […]

Week in Review – March 25, 2022

Headlines this week included the European Union considering a Russian oil ban, possible gas price stimulus checks on the way for Americans, the potential for a global diesel shortage, and western leaders meeting over the Ukraine crisis. In an attempt to further isolate Russia from the world, President Biden and EU nation leaders met this […]

Western Leaders Meet Over Ukraine Crisis

Today, oil prices are stable following an international summit of western leaders meeting on the Ukraine crisis to determine next steps. Three separate meetings of NATO, the EU, and the G7 revolved heavily around Russian sanctions, military aid, and additional pressure that could be applied. So far, markets aren’t perceiving much change for oil markets […]

Global Diesel Shortage – Could It Happen?

Oil prices are rising on reported damage to the Caspian Pipeline Consortium (CPC), impacting Russian and Kazakh oil exports. Stormy weather in the Caspian Sea damaged the pipeline, which pumps out 1.2 million barrels per day (bpd) to the Black Sea for global distribution. Repairs are expected to take over a month. Approximately 85% of […]

Market Condition Report - Disclaimer
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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