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With nearly 15% of 2025 in the books, we still have no clear direction on which way the energy markets want to go. However, in an effort to bring transparency to uncloak the mystery of where storage is readily available, The Tank Tiger is pleased to show you our brand new listings in Brownsville, TX and Philadelphia, PA (yes Fly Eagles Fly). If you have interest in storing commodities in either of these locations, check out our listings and/or give us a jingle.
Wall Street had a down week following Presidents Day. Probs because of a glimpse of weak economic data and now talk of another Federal Reserve signal that there would be no more interest rate cuts. The hits just keep on coming when it comes to tariffs. Last week there was talk of an announcement for 25% tariffs on imports of cars, semiconductors, and pharmaceuticals. Lions and tigers and bears..oh my. US refiners are burning up their computers with their linear programs at high speed, running permutations of crude slates as they try to outguess the impact of threatened tariffs on imports from the nation’s top crude suppliers Canada and Mexico. Oil prices fell over $2 a barrel on Friday, with Brent settling at $74.43 and WTI at $70.40, adding up to a weekly decline of around 0.5%. Traders are guessing that the decline was due to headline news. You think? One big export announcement was from Sentinel Midstream telling us that its “Texas GulfLink” deepwater crude oil export terminal deepwater port license application was approved. The planned facility along the Texas Gulf Coast will be able to load VLCCs enabling domestic producers to export their crude to far away lands.
It’s going to be quite a fortnight for oil traders looking to seal a deal and steal a meal. For those of you going from IE Week in foggy Londtontown straight into AFPM San Antonio, we commend you on your stamina while you ignore your blinking check liver light. After coiffing down some bangers and mash, we’re certain you’ll be drooling for some guac and chips this weekend after you come back across the pond…and of course you’ll be looking forward to more and more 30 minute meetings. Seriously, if you can keep those red eyes open, we’d be happy meet with you. Let us know.
Ode to IE Week and AFPM
The energy peeps descended, sleek and bright,
On London town, for energy’s light.
From Texas, Calgary, Singapore to Aberdeen,
They gathered, a well-oiled, sharp-dressed scene.
While down below, the Thames flows, dark and deep,
A silent witness to the secrets they keep.
Discussing futures, spreads and the price,
While sipping Macallan 12, oh so very nice.
A cornucopia of folks in suits so grand,
Discussing pipelines and terminals across the land.
The AFPM’s at the Riverwalk in San Antonio, it’s true,
Right after International Energy Week, who knew?
The restaurants line the winding shore,
Each vying for your dollar more.
Oh, the Riverwalk, a charming place,
Where tourists stroll at a leisurely pace.
They snap a pic, they sip a beer,
Oblivious to the critters near.
A rogue tortilla chip, you see,
Can start a feathered free-for-all melee
They talk of refineries and their barrels so sweet,
Of crudes and distillates and arbs, oh what a treat!
While by the Alamo, The Tank Tiger prowls the land,
With all of the tank avails held close in their hand.
They’ve got storage solutions, both big and small,
While the conference tournaments play basketball
While these energy gurus debate and confer,
And all of those cocktail parties make your eyes go blur
We do have tanks in Texas, and some up in Maine,
Yes, those speed dating meetings can drive you insane
With all of that talk of blends and of market trends,
While the AFPM their continuous wisdom expends.
They pontificate boldly about global supply,
Of LNG ships and chemicals sailing underneath the sky.
But The Tank Tiger knows, with a wink and a grin,
The real game’s played where the storage bins spin.
So raise a glass to the those suits so refined,
For 10 years now, The Tank Tiger is one of a kind.
For while they discuss the future so unclear,
We try to keep filling those tanks, year after year
The sessions are packed, the PowerPoint’s bright,
With talk of feedstocks and margins all night.
“Demand will be strong!” they declare with a grin,
Ignoring the whispers of trouble within.
Within the conference center there are speeches so long,
But outside on the Riverwalk is a slightly odd song.
It’s the Tank Tiger humming, a storage-filled tune,
Beneath the bright light of the lazy river moon.
The contango is returning , a glorious sight,
For traders rubbing hands with glee and might.
They bought and sold with frantic pace,
Sending those derivatives traders on a wild goose chase.
Those hedge fund dudes, fresh from business school,
Thought commodity futures were inherently cool.
Push buttons, bet on Brent, a risky play,
And dreamt of Lambos and shiny watches by next May.
The long eared physical traders and operators, with a steely gaze,
They know every pipeline, and every tidal phase.
They’ve seen the booms, the busts, and (oops) the spills,
And traded that petroleum with wisdom and cunning skills.
So here’s to the traders, brave and bold,
Who take on risk, bought and sold.
They met at lunch, these old hand trading folk,
Discussing barrels, futures, and the price of egg yoke
They spoke of “renewables,” with a knowing nod,
And “sustainability,” different RINS, man they’re odd!
For in the back rooms, deals were being made,
On fossil fuels, and possible fortunes to be laid.
The networking’s key, a glad-handing spree,
Business cards exchanged, “Let’s do lunch,” says he.
Deals are discussed in the hallways so wide,
While rumors of mergers and buyouts preside.
The hospitality suite, a beacon so grand,
Free-flowing drinks in each eager hand.
“The market’s so tight!” they all loudly proclaim,
While filling their plates with shrimp, sushi and fame.
The after-party rocks, the band plays a tune,
Executives dance ‘neath the light of the moon.
They’ve forgotten the spreadsheets, the forecasts, the stress,
Just enjoying the moment, one must confess.
But morning arrives, with a head feeling sore,
And thoughts of the bottom line come knocking once more.
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Tank Talk
