Welcome to the Fuel Matters Blog

A resource to help you buy and manage fuel better

Peter Haralambakis

Peter Haralambakis

Peter Haralambakis is a Supply and Trading Business Development Manager at Guttman Energy with over 13 years of experience in commodities trading, analysis, and risk management in products ranging from Corn and Soybeans to Crude Oil Futures and Options to Financial and Physical Biofuels to Natural Gas and Natural Gas Liquids.

As the World "Churns"

By: Peter Haralambakis / Posted on: February 27, 2019

As daily energy sector market participants, we are often reminded how much drama, information or data needs to be vetted and digested on any given day.  Unlike the set of “Oakdale, Illinois” in “As the World Turns” (1956 – 2010) where melodrama was the main theme and “the bleakness of winter, the promise of spring, the fullness of summer, and the harvest of autumn” were everyday life, the world of energy is a lot less predictable.  Below you will find just some of the current headlines, event risks and technical levels that have to be digested just in one day:

Read More

Running With the Bulls

By: Peter Haralambakis / Posted on: February 12, 2019

Oil markets indices are up this morning following a day in which RBOB, heating oil and crude all finished lower.  Yesterday’s settles had crude down $0.31 / barrel to settle at $52.41 while the refined products RBOB and heating oil also finished lower by $0.0272 / gallon and $0.0163 / gallon to close at $1.4192 / gallon and $1.8922 / gallon respectively.  This morning the market has taken back those losses as bullish headlines are dominating the news.  To summarize:

Read More

As The World Turns

By: Peter Haralambakis / Posted on: January 16, 2019

The oil market is mixed this morning as it continues to look for direction and weighs the same news items of the past few months.  Those issues continue to be OPEC cuts, U.S. / China trade dispute, concern over a global economic slowdown and increasing U.S. crude production. 

Read More

New Year’s Volatility Resolution?

By: Peter Haralambakis / Posted on: January 3, 2019

Another commodity trading year is upon us and New Year’s resolutions across the western hemisphere are cloaked with purpose and resoluteness.  Many have vowed to exercise more, eat healthy and save money.  Even though only about 8 percent of these New Year’s resolution ambitionists persevere with their said goals, it is nonetheless a feeling of excitement and optimism of what might be.  Market participants in the energy sector are most likely seeking that same sensation of excitement for less volatility and more stable prices, more clarity in supply/demand across the globe, transparency with trade talks/tariffs, pellucidity with Iran sanctions and possibly a reverse course in actions to avoid a further global slowdown or even a recession.  If, however, the first 2 trading days of 2019 for the WTI futures contract for February delivery price action is any indication of what lies ahead, we are in for more of the same rollercoaster ride of uncertainty, high volatility and event risk price movements.  The first trading day of the year brought on an intraday range of $3.43 a barrel or a 7.18% intraday move.  Today, as of 12:30pm EST, we have already seen a 4.51% move or a $2.14 a barrel intraday trading range.

Read More

Quiet In the House

By: Peter Haralambakis / Posted on: December 17, 2018

Oil markets were up early, then flat and currently trending slightly down in trading Monday morning after comments from the United Arab Emirates energy minister suggested that the global oil market was “correcting” and he “expected everyone” to reduce oil supply under the agreement reached earlier this month in Vienna.  Details of that agreement calls for OPEC and its allies to reduce output by 1.2 million barrels per day starting in January 2019.  In addition to the OPEC decision, the Canadian province of Alberta mandated a production cut of 8.7% or 325,000 bpd due to limited pipeline capacity in that region.  Additional price support was also coming from the latest U.S. rig count data which showed drillers reduced rigs in the week ending December 14 to 873 which was the lowest it’s been since mid-October.  “This, when combined with Saudi Arabia is to cut exports to the United States to draw down inventory builds should provide a short term base despite global slowdown fears, which continue to resonate” said one analyst based in Singapore.  Without major headlines today some notable things to watch this week are:

 

 

 

Read More

Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.

Subscribe to our blog

Price Feed

Stay up-to-date on current fuel prices and market trends with our NYMEX price feed (15 minute delay to the live market).

© 2018 Market data provided and hosted by Barchart Market Data Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

Categories

RSS FEED

feed-icon-28x28.png
Contact Us