Mid-Week Review

Philadelphia refinery shutdown will change Northeast fuel supply patterns Over the last 15 years, Northeast refining capacity has fallen from a high near 1.7 MMbpd down to just 0.9 MMbpd now that the PES refinery has closed its doors. The East Coast consumes over 1/3 of America’s combined gasoline and diesel supplies, but has very […]

Mid-Week Review

Oil price ‘could easily be $75’ if trade truce boosts demand, expert says The success, or failure, of trade talks between the U.S. and China will be a decisive factor in the oil price outlook this year, despite OPEC’s decision to extend production cuts, oil market expert Amrita Sen told CNBC on Tuesday.  “China (demand […]

The Fed is ready to cut rates as needed

Crude prices are falling on inventory reports from the API this morning.  Crude is trading at $52.64, down 84 cents from yesterday’s close. Fuels are also down this morning due to larger than expected builds reported by the API.  Diesel is trading at $1.7942, down 2.7 cents.  Gasoline is also lower, trading at $1.7020, a […]

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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