Crude oil is having an uncharacteristic mid-summer surge, providing commodity markets volatility, and driving refined products pricing higher. The outlook has been bullish for crude and refined prices for late 2024, despite global recessionary fears, and this may only be the beginning of the rise of crude oil. Numerous factors are behind the sudden rise […]
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Crude traders continue to remain bearish in 2Q23 despite some positive indicators that would otherwise dictate a bullish market. Fundamentals are providing support but are yielding to news cycles and the rumor mill. Expectations remain in high hope for crude as we turn into the latter half of the year, but traders remain convincingly bearish. […]
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Renewable energy and fossil fuels are always a highly politicized topic. Climate activists and deniers try to take single talking points and run to the far extremes of logical and fruitful discussions. Yesterday, the US EIA (Energy Information Administration) announced that for the first time in 2022 renewables surpassed coal for electricity generation. With all […]
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No matter the industry, worker or consumer, fuel surcharges have undoubtedly affected your life. Most likely, it has also affected your wallet over the last year. Gas and diesel prices are falling from their 2022 highs, but prices remain elevated despite building inventories and weaker demand. The higher prices have brought on a wave of […]
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The new year roared in somewhat uneventful in the commodities market. The markets seemed to be finding a stride, finding their way back to fundamentals and technical data while straying from a 2-year pattern of extreme volatility. 2023 seemed like it was going to yield markets that would follow norms, the usual prior to February […]
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With the new $60/BBL oil price cap on Russian oil exports now in place, Russia says it will not impact their production. The move did however create a bottleneck of oil tankers in Turkey as Russian oil tankers significant drop in its oil production or exports.[1] [1] https://www.cnbc.com/2022/12/07/eu-sanctions-russian-oil-price-cap-cause-crude-tanker-bottleneck.html Since the oil price cap, 35 tankers […]
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This week the Biden Administration announced a plan to aid US households with $13.5B in energy bill relief. With costs expected to be 28% higher this winter, the administration is using funds from Dept. of Health and Human Services, the bi-partisan Infrastructure plan, and Emergency funding to subsidize the cost of energy to low- and […]
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As the energy crisis continues, Europe is warning that its citizens need to be prepared for a total gas shutdown from Russia. While their storage sits at 88%, 8% higher than their original goal, serious concerns still linger. The French strike has taken 60% of its refining capacity offline, planned maintenance will shut down another […]
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Electric vehicles are a growing commodity in the U.S. People have many misconceptions about electric cars and how they impact climate change. Conventional gas- and diesel-powered cars have been a target in 2022 in states like California so let’s investigate some of the myths and misconceptions of traditional and Electric Vehicles (EV). California was in […]
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Joe Manchin is front page news this week for “torpedoing” his party’s expensive climate change policy in the US Senate. Big, obnoxious, outlandish headlines are a staple in modern media and politics. It’s a long-used tactic for decades and with the emergence of “fake news” narratives, social media reporting, and click-bait news cycles, it’s time […]
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