Monthly Archives: September 2023

Rack talk.. The Heating Oil wholesale & Terminals With the President of United Metro Energy John McConville

September 29, 2023
Posted in Podcasts
By Ernie Barsamian

Tank Talk discusses with John McConville President of United Metro Energy. John has had a long career covering many facets of the industry including Terminals, Wholesale & Supply/trading. In this Episode, John shares his expertise and stories on the current wholesale environment, terminal operational insights, and his expectations for Winter.

Post Tagged with : heating oil

“Hey…wanna go to Florida?” Florida Gasoline & Diesel Terminal storage

September 28, 2023
Posted in Tank Blog
By Ernie Barsamian

Forty years ago, a very wise man named Mark Leahy stood in a glass strewn parking lot in West Philly and said, “Hey…wanna go to Florida?”. Since then, millions of people have taken heed to those words and have headed to the peninsula in the Southeast corner of the United States, with the help of efficient […]

Post Tagged with : gasoline, terminal

September 26, 2023
Posted in Podcasts
By Ernie Barsamian

Tank Talk chats with Brent Belote founder of the CTA firm Cayler Capital to discuss his views on the current oil market and how he creates alpha. As a former Oil Derivatives trader at JP Morgan for nearly 10 years, Brent brings a trading perspective on the oil markets. In this Episode, Brent shares his […]

Post Tagged with : Oil Trading

September 21, 2023
Posted in Podcasts
By Ernie Barsamian

Tank Talk sits down with the KPLER team Matt Smith & Marshall Hooper. Matt is the Lead Analyst for the Americas & Marshall is the Head of Partnerships, Americas. In this Episode Matt breaks down potential cargo flow arbitrages & macro oil economics and Marshall tells us the origin story how KPLER grew from a […]

Post Tagged with : Oil, WTI

Backwardation plus inventory draw equals high prices

September 20, 2023
Posted in Tank Blog
By Ernie Barsamian

Over the weekend, millions of people around the world took to the streets demanding an end to fossil fuels and a rapid transition to clean energy sources. Although the ambitious plan is to convert to renewables within 5 years, that’s just not possible. In reality, we’re looking at 20 to 30 years instead of 5 years, and fossil […]

Post Tagged with : cushing, Oil

OPEC+ are high fiving each other and strutting around like Brutus “The Barber” Beefcake

September 13, 2023
Posted in Tank Blog
By Ernie Barsamian

What just happened? The 1 million barrel-a-day output cut the Saudis assigned preliminarily just for July was exacerbated by Russia also pledging export cuts of 300,000 barrels per day. More significantly, on Tuesday they announced both cuts extending through the end of the year. That’s right, the Penguin and the Riddler have combined forces and Batman and Robin […]

Post Tagged with : Diesel, OPEC

Pumpkin Spice Oil: The WTI Bulls are Out

September 6, 2023
Posted in Tank Blog
By Ernie Barsamian

We hope everyone enjoyed the long holiday weekend. Labor Day has been a national holiday in the United States since 1894. To many, it may signify picnics, parades, or a day off from work. Organized by the Central Labor Union, the first Labor Day holiday was celebrated in 1882 in New York City. On that day, 10,000 […]

Post Tagged with : Brent, The Fed, WTI