Steve Sinos
Sep 19, 20232 min read
Diesel Trades at Record Premium to Crude Oil, With Upcoming Maintenance Offering Continued Support
Since bottoming at $2.23/gal in May, Prompt NYMEX ULSD (HO) has rallied ~$1.07 to end the week at $3.30, following crude in making 2023 high
Steve Sinos
Sep 12, 20232 min read
As Air Traffic Continues to Recover, Jet Fuel Price Gains Outpace Oil and Gasoil
After years of disruption caused by pandemic policy and war, it appears as though passenger traffic has normalized.
Steve Sinos
Sep 5, 20232 min read
A Year After Making Highs, Crude Oil Prices May Have Found Support
Now that supply chains have adjusted, we should be able to observe whether fundamentals are supportive of crude oil prices.
marketing0294
Aug 29, 20232 min read
A Mix of Technical Factors Contributed to the Break in Momentum, With More Volatility Possible
The down week was not very surprising given the mix of indicators that were followed by weak economic data.
Steve Sinos
Aug 15, 20232 min read
The Pace of Change in Crude Oil Storage is Starting to Look Supportive
Global storage is down >16mm bbls through the end of July, and outside of China like the start of a trend.
Steve Sinos
Aug 8, 20232 min read
Are Air Traffic and Jet Fuel Prices Supporting Expectations for Higher Prices?
Air traffic notches upward in key regions, & cracks support greater distillate runs, suggesting a supportive contribution to demand number..
marketing0294
Jul 28, 20232 min read
Month-end Approaches
With options expiration mid-week and futures rolling to the October contract, exposure levels offer insight into this week's trading ranges.
Steve Sinos
Jul 25, 20232 min read
Diesel Market Positioned for Inventory Draws and Exports
Diesel Market Positioned for Inventory Draws and Exports - he authors of the EIA’s most recent Short Term Energy Outlook (STEO)...
marketing0294
Jul 11, 20232 min read
This Year’s Responses to the Dallas Fed Survey Standout from Years Past
Bullish price sentiment paired with frustrations about fundamental conditions and uncertainties.
Steve Sinos
Jun 27, 20232 min read
Diesel Prices Have Softened Significantly as the Risk Premium has Dwindled
Still high by historical standards, ULSD has failed to reach the catastrophic highs forecast by inventory watchers during 2022.