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WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the ‘dark fleet’ transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.… Continue reading WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the ‘dark fleet’ transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.… Continue reading WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows Oil prices are chopping sideways (to modestly higher) for the second day in a row as traders weighed the ‘dark fleet’ transits with renewed tensions in the Middle East further clouding the outlook for flows through the vital Strait of Hormuz.… Continue reading WTI Rises As Distillate Stocks Draw, Cushing Back Near ‘Tank Bottoms’, SPR At 43-Year Lows

Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages

Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages Already Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites – and most recently expanding to online retail companies and attacks on private sector businesses.  Tuesday saw one of the… Continue reading Fuel Rationing Reaches Moscow Amid ‘Second Wave’ National Shortages