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Will the Oil Demand Continue?

By: Sam Stires / Posted on: November 14, 2019

According to a global energy industry forecast, oil growth will continue to soar until the 2030’s and climate-damaging emissions will keep climbing until at least 2040. The World Energy Outlook is not only closely watched by the oil industry but also the governments due to its relevance to climate policy. The International Energy Agency said that almost 20% of the growth in last year’s global energy use was “due to hotter summers pushing up demand for cooling and cold snaps leading to higher heating needs.” The Internation Energy Agency (IEA) forecast global oil demand to be 106.4 million barrels per day by 2040 (up from 96.9 million last year).

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Seasonally Low Level of Diesel Inventories is Concerning

By: Mike Dombroski / Posted on: November 1, 2019

As everyone woke up to the first punch of winter weather this morning, as a fuel distributor, it certainly makes us think about the low level of diesel inventories in PADD 1 and the potential impact it will have on our customers this winter.

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Trade Optimism and Oil Tanker Attack Send Markets Higher

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

The bulls are off and running today because there is a bevy of bullish headlines including optimism over a U.S./Chinese trade deal and a missile attack on an Iranian oil tanker.

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Trade War Takes a Back Seat to Oil Fundamentals

By: Peter Haralambakis / Posted on: September 20, 2019

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Oil Prices Shrug Off Highs

By: Mike Dombroski / Posted on: July 1, 2019

Although prices are well off their highs, the complex trades higher today after OPEC+ looks to extend production cuts, the U.S. and Chinese declare a truce on the trade war, and Iran reported having higher levels of uranium than the 2015 signed nuclear deal allows.

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