The oil market got hammered on Sunday night but rebounded on confusion as to whether China will lift some of its covid-19 restrictions or not. […]
Continue Reading →The ultra-low sulfur diesel crack spread cracked up, hitting a new record high, as physical buyers are scrambling to secure supply. I have talked to […]
Continue Reading →Fed Chairman Jerome Powel almost got through his FMOC press conference without tanking oil prices but one of his last answers caused a sharp drop […]
Continue Reading →War and rumors of war. Not only is Russia spreading its terrors throughout the world, the New York Times is reporting that Russian officials discussed […]
Continue Reading →Looks like it pays off to be a pariah state these days as Saudi Aramco’s profits explode. Reuters reported that, “Saudi Arabian state oil producer […]
Continue Reading →Once again, the death of oil demand in the US may be greatly exaggerated. OK, I know I’ve used that before but it’s apropos. Oil […]
Continue Reading →There were a lot of superlatives in the Energy Information Administration (EIA) Status report this week. The EIA reported that, “US crude exports hit a […]
Continue Reading →t is kind of a sad day when Saudi Arabia is the country speaking the truth about the global energy crisis when we here at […]
Continue Reading →The drain game continues as it is reported that the Strategic Petroleum Reserve released yet another 3.4 million barrels last week to lower supplies to […]
Continue Reading →Oil prices continue to have trouble maintaining altitude as economic turbulence around the globe is shifting focus from the market being undersupplied to a potential […]
Continue Reading →Oil prices might be fighting the Fed but a warning from FERC about natural gas shortages in the Northeast and the fact that diesel and […]
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Oil Election Day. The Energy Report 11/08/2022
Before Biden was elected and thereafter, I said a vote for Biden was a vote for higher energy prices. Now Americans have a chance to […]
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