So much news, so little time. Here are five headlines that might be of interest.
Read MoreAround the World in 5 Headlines
Spring is here and higher gasoline prices are on the way!
The east coast attainment areas (Major Cities and Surrounding Counties) are emptying out of winter grade Reid Vapor Pressure (RVP) gasoline and lower RVP Summer grade gasoline is already in the major pipelines.
Read MorePut Your Rally Hats On?
WTI crude oil prices have risen more than $2.5 per barrel in the past 48 hours on a duo of bullish news.
Read MoreRefinery Reprieve
January of this year, Philadelphia Energy Solutions, LLC (PES), the owner of the largest U.S. East Coast oil-refining complex, announced to its employees plans to file for chapter 11 bankruptcy. This comes six years after private equity firm Carlyle Group LP (CG. O) and Energy Transfer Partners LP’s Sunoco Inc, rescued the company by supplying […]
Read MoreAll Eyes on Fed Chair
As the drones of the woodwind instrument that has been used for over a millennium fades into thin air from the most recent Feast of Saint Patrick, we await, arguably, the most anticipated FOMC meeting in recent years for indications on the Fed’s interest rate policy going forward. The Federal Reserve’s first meeting under Jerome […]
Read MoreExtinction Strikes “T. Rex”
On March 13th 2018, President Donald Trump relieved Rex Tillerson of his Secretary of State duties. In a speech on Tuesday, President Trump cited differing opinions between himself and the former Exxon executive as the reason for the firing. CIA Director Mike Pompeo is slated to replace Tillerson, of whom the President said, “With Mike […]
Read MoreOld Man Winter Rears His Head Again
Is It Time To Get A CDL?
In today’s world, it is not uncommon for any one of us to order an item online and have it arrive at a store or our homes. We rarely stop to think about the logistics concerning the transportation of those goods throughout the country. There is a growing concern in the marketplace that the increase […]
Read MoreDrilling into new steel and aluminum tariffs
The Trump administration authorized tariffs that would impact the American energy industry. The plan allows for a 25 percent tariff on imported steel and 10 percent tariff on aluminum; however, Canada and Mexico are exempt at this time while the NAFTA agreement is negotiated. On Thursday, a statement was signed to move the process forward, […]
Read MorePause for the Cause?
As market participants digest a neutral to slightly bullish Weekly Petroleum Status Report, they must also make a calculated risk assessment of whether the 43.52% rally from last mid-summer lows is just a pause in the 179 day bull run OR has the worm finally turned and trade war fears, higher oil inventories, strong shale […]
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