Crude oil prices improved in trading today, but remain just under the $40 per barrel mark at about $39.33. Brent North Sea Crude finished trading at $43.23, which is one of the tightest spreads we have seen in the WTI/Brent trade in a long time. That could push more importation of crude oil (when taking […]
Just as we have seen in the West and upper Midwest, we now have had a fire at a major refinery in Delaware. If you take a look at the EIA chart at right, we can see that most markets are showing gasoline prices between $.90 cents and a $1.05 lower than they were last […]
If you pay attention to the market, you already have an understanding of what has been happening in the commodities complex. The entire complex has gotten decimated over the past several months.
There is a significant drop happening for US diesel prices (and in several countries including the UK). According to the AAA, diesel prices in the US are $2.65 a gallon, $1.16 a gallon lower than they were at the same time last year. This drop in diesel prices is great for shippers and industries […]
Despite everything that we have seen about production cuts in the US petroleum sector, crude inventories built again this week by 2.62 million barrels. This was much higher than expected. But, despite inventories building, production was well off pace from what we saw about three months ago. So, production is falling across the country as […]
There are a couple of big charts that you probably need to just be updated on. The first is not surprisingly the oil chart. Today, we saw WTI break below the $43 per barrel level which was considered to be a fairly critical psychological level. It closed this afternoon at $42.24. The chart at right […]
Chris and I both hit the Yuan devaluation pretty hard, you get it. There are a couple of things that happened to oil prices today that need to be understood, because there are multiple analysts who now see oil falling below $40 a barrel, some calling for the low $30’s before it stops and reverses.
Miles Simpson, one of our contributors and a Graduate Law Student at Georgetown and specialist on China, has submitted an interesting article to us concerning Thorium as a potential source of nuclear power. We only edited Miles’ piece for length. We hope you will find some interesting facts and insights from his piece. A Breakthrough… […]
If you have been with us for a while, you know that we have been watching the relationship between the Trade Weighted Dollar Index and West Texas Intermediate. There’s an interesting relationship between the two which allows us to cut through the clutter of inventories, international politics, environmental impacts, etc. The chart at right shows […]
I had the opportunity to visit with leaders of one of the larger petroleum services companies in the country last week, and spent about four days with them. Although I can’t disclose the company for obvious reasons, I learned a lot about the mindset of the company, the industry, and what they […]