What Is It – Kerosene

Analysis by Sydney Casey Kerosene, also known as paraffin or lamp oil, is a clear, colorless liquid that is derived from petroleum. It is commonly used as a fuel for lamps and small engines, as well as for heating and cooking in some parts of the world. Kerosene has a high flash point, which means […]

What Is It – Gasoline

Analysis by Sydney Casey   How much do you know about the fuel you put in your car? Consumers buy roughly 350 million gallons of gasoline every day, yet few know what it takes to get that gasoline into their car, van, boat, motorcycle, or truck. Gasoline is actually a blend of products, including a […]

Week in Review – August 12, 2022

Oil prices ticked higher this week as US gasoline demand recovered, with the EIA’s Wednesday market report showing demand climbing above 9 million barrels per day. Moreover, the report showed a steep draw from gasoline inventories, though diesel and crude stocks rose during the same period. Overall, oil fundamentals haven’t changed – there’s still a […]

Gasoline Dominates Headlines, but Diesel Is the Real Challenge

It’s common for the mainstream media to comment on gasoline prices – something which impacts most consumers every day. But if you live outside the US and Canada, diesel might be the product you’d use more often. In the US, gasoline demand tends to be 2-2.5x higher than diesel demand; in the EU, diesel demand […]

M&A Insights – Oil Major Announces $5B Acquisition

Oil markets seem to be meandering lower this morning on little fresh market news. Following historic lows in April, markets seemed to interpret the lack of news as bullish – anything was better than the detrimental events in the rearview mirror. Now that markets have recovered to more “normal” levels, it’s harder to maintain momentum. […]

IEA Revises Forecast, Increases Demand Projections

Yesterday, crude prices fell from a DOE-induced rally to end the day in the red.  After the DOE released its weekly stats, the market rallied on positive crude inventory trends, only to give back those gains in afternoon trading. Markets are higher this morning on news that the IEA lowered its forecast for global crude […]

Kuwait and UAE Make Additional Cuts

Yesterday, WTI crude started the morning with a rally on news of additional cuts from Saudi Arabia.  As the day progressed a choppy sell-off ensued as fears of a second wave of coronavirus infections began to circulate among traders.  Crude markets are up in early trading this morning as signs of a recovery in demand […]

US Rig Count Hits Record Low

Oil prices are moving quietly higher after posting the second consecutive weekly gain on Friday.  This morning, Saudi Arabia announced plans to unilaterally cut production by an additional 1 MMbpd beyond their committed cuts, which is giving markets some strength. The additional cuts will bring Saudi Arabia’s output to just 7.5 MMbpd, a huge cut […]

Inventory and OPEC News Move Markets

Yesterday, crude prices were down on the close to halt a five-day rally in the markets.  The EIA reported a smaller-than-expected build in crude stocks, which seemed to be outweighed by the much larger-than-expected increase in diesel inventories. The overall build in crude and products together with tight storage capacity at Cushing and around the […]

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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