Home > Archives for April 22, 2021
The Bears prevailed on Wednesday in the Fuels markets First, the EIA reported inventory builds for Crude and Gasoline. Gasoline’s inventories increase and Distillate’s decrease were close to expectations. However, Crude’s build contrasted with an expected decrease of over 2MM barrels. Also on Wednesday, the US government added 116 countries to their “do not travel” warnings. While not mandatory, the addition of these nations will hamper oil demand. Helping the Bears on the supply front came from talks with the US and Iran reportedly going well at this stage.
Talk to a Diversified Expert about how we can help you solve most complicated fuel supply chain challenges.
Email: info@diversified.energy
Phone: 404-474-4450
Dispatch Operations – Coverage 24/7
404-474-4767
M-F: 8:00 AM – 5:00 PM EST
Location
601 West Crossville Road
Roswell, Georgia 30075