Monthly Archives: May 2024

From OPEC+ Lollipops to Market Haircuts: Navigating the Turbulent Waters of Oil Prices and Economic Signals

May 13, 2024
Posted in Tank Blog
By Ernie Barsamian

We could be going from the OPEC+ lollipop to a bad haircut. Oil prices suffered their greatest weekly loss in three months as concerns about stalled economic growth became more prominent. Compounding this concern was a large build in inventories combined with increasing US crude production. The EIA reported a 4% drop in gasoline demand year over year. We […]

Post Tagged with : Sunoco, Terminal Sale

Warm Trends, Cool Markets: A Week in Review – Distillate Contango in NY Harbor

May 3, 2024
Posted in Tank Blog
By Ernie Barsamian

Climate change. No matter what your scientific, political ,economic or superstitious position is on this topic, there’s no question that things are getting warmer. Now if you want to debate the cause and effect, that’s an equine of a variable hue. We might never really know what’s causing it to get warmer..… Well, my temperature’s rising, and my […]

Post Tagged with : contango, Diesel storage, NY Harbor

May 1, 2024
Posted in Podcasts
By Ernie Barsamian

Today’s Guest on Tank Talk is Carl Larry VP Energy Futures Clearing Sales at Marex. In this Episode, Carl shares his perceptions on the current oil markets, insights on inventories, and commodity Data.

Post Tagged with : WTI

Monthly Archives: May 2024

From OPEC+ Lollipops to Market Haircuts: Navigating the Turbulent Waters of Oil Prices and Economic Signals

Warm Trends, Cool Markets: A Week in Review – Distillate Contango in NY Harbor

Oil Market Discussion with Carl Larry at Marex