Oil shrugs off U.S. crude build

Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels.  The build was still smaller than the 9 million-barrel build estimated on Tuesday by the American Petroleum Institute.  Distillate stocks were relatively flat and gasoline stocks drew 1.1 million barrels. Oil futures inched up on Wednesday as the […]

IEA cuts oil demand but says supply will tighten on Middle East tensions

The International Energy Agency released their May Oil Market Report today cutting oil demand growth estimates for 2018 and 2019 but warned that supply will tighten given Iranian sanctions and resulting Middle East tensions. The agency cut estimates for last year’s global oil demand growth by 70,000 barrels per day to 1.2 million bpd while […]

Sabotage attack damages two Saudi oil tankers, Iran calls the U.S. a “target”

Early market price action was decidedly higher on Monday following a pair of bullish geopolitical news stories.  Tough rhetoric from Iran has become pretty common place over the last few months as sanctions take a toll on their oil production.  However, over the weekend a senior Iranian Revolutionary Guards commander said that U.S. military forces […]

Mansfield Supply Alert: West Texas & New Mexico Experience Supply Shortages

Diesel supply concerns have begun to emerge in West Texas and New Mexico. Markets experiencing tightness include Odessa, El Paso, Abilene, Amarillo, Lubbock, and Albuquerque. Refinery turnarounds earlier this month led to tightness in the region, cutting off some rack supplies. Many refineries delayed maintenance during the Hurricanes in September, leading to more turnarounds occurring […]

Storm Alert – Tropical Storm Nate – Orange Alert

Tropical Storm Nate, as it became this morning, continues its trek towards the U.S. Since yesterday, the storm’s path has shifted west, with landfall now expected around New Orleans, though of course the path could change as the storm moves closer. Nate is currently heading over Nicaragua towards the Yucatan Peninsula in Mexico, and is […]

Storm Alert – Tropical Depression 16 – Orange Alert

Mansfield has gone to Orange Alert in anticipation of Tropical Depression #16 strengthening into Tropical Storm Nate. Currently, the system has sustained winds of 45 mph, but it is expected to grow as it travels towards the Gulf Coast. Current forecasts show possible landfalls anywhere from New Orleans to the west side of Florida. The […]

Storm Recovery Update – Southeast Moves to Code Orange; Florida, Texas still Code Red

This morning, Mansfield officially moved to Code Orange for the Southeast from Mississippi to North Carolina. Virginia remains on Code Red due to some supply tightness in Norfolk. Throughout the Southeast, supply is significantly improved, though carrier capacity remains a constraint in some markets. Long lines at racks have continued to cause some logistics issues. Mansfield has moved the […]

Storm Alert Update – Pt Everglades Terminals Will Close Ahead of Irma’s Impact

The latest models show Hurricane hitting the center of Florida as a Category 4 hurricane and tracking directly through the middle of the state. With a diameter of roughly 400 miles, Irma will impact both sides of the state, though the east coast will be the most heavily impacted as the storm’s rotation pummels the […]

Storm Alert Update – Harvey Makes Landfall (Again)

Harvey has officially made final landfall just West of Cameron, Louisiana, and will continue to bring heavy rain and flooding into East Texas and West Louisiana.  Houston is finally seeing lighter rainfalls, but the storm continues raging on in Port Arthur and Lake Charles. Harvey is finally picking up speed. The system had been caught […]

This article is part of Alerts

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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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