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Oil Prices


Middle East Market Momentum?

By: Greg Gill / Posted on: July 19, 2019

The latest episode from Iran revolves around an Iranian drone that was destroyed by a U.S. Navy ship in the Strait of Hormuz.  According to the U.S. Navy, the drone had flown within 1,000 yards of the USS Boxer and had ignored “multiple calls to stand down.”  The end result, the drone was immediately obliterated.  Iranian officials claim they have no record of losing a drone.  This episode follows another report earlier in the week when Iran said it seized a foreign tanker in the Gulf. 

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Early Morning Explosion

By: Sam Stires / Posted on: June 21, 2019

Early Friday morning, a massive explosion occurred in south Philadelphia at the Philadelphia Energy Solutions Refining Complex. The 150-year-old oil refinery, opened in 1866 just after the Civil War, had a vat of butane ignite and explode causing Interstates 76 and 95 to close and even “rattled” homes in the South Jersey area.

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$40/Barrel a Possibility?

By: Daniel Guttman / Posted on: June 18, 2019

 

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Oil Prices Take Breather after Wednesday's Strong Rally Led by Gasoline

By: Mike Dombroski / Posted on: April 11, 2019

Oil prices are taking a breather today after Wednesday’s strong rally due in large part to the gasoline inventory draw and low production levels in Venezuela.

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Sleepy Shale

By: Greg Gill / Posted on: April 3, 2019

The fall in oil prices at the end of last year combined with pressure from investors has led to a slowdown in the U.S. shale industry. 

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