What Is It – Oil Inventories

Each week, traders eagerly awake 1030am EST on Wednesdays – when the EIA releases its weekly petroleum market report. The data contains details on many useful statistics, including supply, demand, refining trends, and imports/exports. One detail, however, stands out from the rest – how much of each product does the US have in inventory? The […]

Diesel Down $1/Gal from Oct, Bearish Headlines

Last week, oil prices rallied briefly ahead of the Thanksgiving holiday, but prices are now trading solidly lower as US traders return to their offices after the long weekend. Diesel is among the biggest losers. Last week, the product was trading at $3.50; now, diesel is trading around $3.20. That’s a 30 cent downward move […]

Offshore Production at Risk for Cyberattacks – Are You Prepared?

Analysis by Sydney Casey It is no secret that cybersecurity is a rapidly growing concern. A recent report from the U.S. Government Accountability Office (GAO) claimed that the 1,600  offshore drilling facilities responsible for 15% of American crude oil production are at risk for cyberattacks, which could cause “significant and potentially catastrophic damage.”  These cyberattacks […]

Fuel Market Falls as OPEC+ Considers Supply Increase

Fuel prices are trading lower this morning thanks to continued demand fears, even as the US is heading into one of the busiest travel periods of the season. AAA forecasts that 55 million Americans will hit the road this week to visit loved ones, just 2.5% below pre-pandemic travel levels. The majority will travel by […]

Week in Review – November 18, 2022

Oil prices are down into the $70s for the first time since September as the oil market once again grapples with falling demand and a weak economic outlook. Although we’re drawing closer to the EU embargo on Russian oil, markets are also contending with declining demand. So far, price drops into the $70s have been […]

Winter Weather Strikes – Are You Prepared?

If you’ve stepped outside lately, you can feel that winter is just around the corner. In nearly every part of the country, temperatures are falling to unseasonably low levels. At points this week, parts of the Northern Plains region will see temperatures below 10° F. Even in the south, markets like Dallas, Memphis, and Atlanta […]

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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