Holiday Lackadaisicalness

The market is trying to find direction today after yesterday’s steep sell off in refined products caused by the DOE inventory and IEA reports; however the Forties pipeline force majeure leaves short-term price direction unclear for WTI.

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Arctic Blast Could Wreak Havoc on the Petroleum Industry

While temperatures are going to remain above average for another week, we’re going to get hit with an “arctic blast” December 8th that could last until Christmas. From an operational perspective, truck fleets’ operability is at risk if their fuel is not additized before the cold weather approaches. From a market perspective, with distillate inventories […]

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OPEC Decision Day

The oil market is anxiously awaiting news from Vienna, Austria regarding OPEC / Non-OPEC oil cut extensions, the Energy Information Association released its weekly data yesterday. After digesting the numbers, the market settles down in refined products as well as crude. RBOB saw a drop of over four cents closing at $1.7309 / gallon, while […]

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U.S. Production Peaking as OPEC Prepares for Meeting

All eyes this week are on OPEC! Come Thursday this week OPEC will finally be meeting in Vienna to discuss their plans for extending production cuts.  There is still discussion that Russia is undecided on how they feel about further extending the cuts, but as of right now the consensus is that production cuts will […]

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