EIA Shows Record Oil Exports, More Supply Tightening

Rachael Hirschman News

August 18, 2022 Alan Apthorp Yesterday’s EIA report left plenty for markets to unpack. Oil markets got a lift, with diesel prices leading the way. Export data got the most attention, with US exports rising to 5 million barrels per day – their highest point ever, and by a wide margin. The report shows that US crude is in high demand …

Gasoline Slump, OPEC+ Snub, and Iran Deal – Catch Up on Fuel Markets

Rachael Hirschman News

August 4, 2022 Alan Apthorp The diesel crisis continues even as gasoline markets are slumping. OPEC+ barely moved to increase its output goal, keeping global markets tight. And the US and Iran are heading back to the negotiation table, following the US tightening sanctions. Let’s unpack the day’s news.   Yesterday, the EIA published its weekly report which showed a headline 4.5 …