• Our Companies
The Arnolds Companies

Energy Futures Moving Higher

Wednesday, Feb 27 2019
Market Talk

Inventory declines and output cut assurances have energy futures moving higher for a 2nd day, making Monday’s big sell-off seem like a distant memory.

Saudi Arabia’s energy minister affirmed the country’s commitment to rebalancing the market, indirectly countering the US President’s twitter post that sent prices spiraling lower Monday.

The API was reported to show a draw in crude oil stocks of 4.2 million barrels last week, and a decline in gasoline stocks of 3.8 million barrels, while distillates saw a slight increase of 400k. The EIA weekly report is due out at its normal time this morning.

RBOB gasoline futures continue to outperform as a busy refinery maintenance season coupled with numerous unplanned outages outweigh soft demand and ample inventories as the spring RVP transition begins.

As the chart below shows, the spread between March and April RBOB futures is dramatically tighter than it was in the past two years, as multiple PADD 1 refinery issues have started closing the gap between winter and summer grade prices ahead of their normal schedule.

CLICK HERE for a PDF of today's charts

TAC - The Arnold CompaniesTACenergyTAC Air

Latest Posts

KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Go Rentals Opens 10 New Locations with Partner, TAC Air
Tac Air's new facility features B17-G model airplane, Military Situation Room
TAC Air B-17G Model Brings Nostalgia and Tears

Archive

Latest Posts

Archive

The Arnold Companies
  • About
  • News & Views
  • Social Media
  • Contact Us
TACenergy
  • Supply
  • Customer Login
  • Apply For Credit
  • Market Talk Updates
  • Contacts
  • Blog
  • Social Media
Find Your Next Great Role With TAC.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
  • Sitemap
TAC - The Arnold Companies © 2022. All Rights Reserved.