When most people think about shrinkage, they think about George Costanza in the pool. However, there is a very serious shrinkage situation happening in the world of storage. Under the shadow of the lights of Yankee Stadium, slowly but surely, the amount of petroleum storage capacity that serves the NYMEX has been shrinking and the trend has […]
Read moreToday’s Guest on Tank Talk is Jim Paladino at Perceptive Sensors. In this Episode, Jim explains the technology behind their product detecting sensors for the terminal industry.
Before you could say Jack Robinson, the ministers of OPEC+ wrapped up their short “meeting” on Sunday with a yallah and a tayyib and, to the surprise of no one, agreed to continue its oil production cuts into the year 2025. There wasn’t even any time for dessert baklava. The next meeting isn’t until December, so there […]
Read moreOur topic today is the role third party inspection companies play in the trade of oil & other commodities. Today’s Guest on Tank Talk is Steve Donovan at Amspec. In this Episode, Stevie D shares discusses his back story and many industry stories.
You may be sitting on a gold mine. That’s right, if you have a term storage lease, it is quite possible that more value can be extracted from that lease if you turn around and sublease it to another party. Of course, you might think that even if you’re sitting on a gold mine, you still have […]
We could be going from the OPEC+ lollipop to a bad haircut. Oil prices suffered their greatest weekly loss in three months as concerns about stalled economic growth became more prominent. Compounding this concern was a large build in inventories combined with increasing US crude production. The EIA reported a 4% drop in gasoline demand year over year. We […]
Climate change. No matter what your scientific, political ,economic or superstitious position is on this topic, there’s no question that things are getting warmer. Now if you want to debate the cause and effect, that’s an equine of a variable hue. We might never really know what’s causing it to get warmer..… Well, my temperature’s rising, and my […]
Read moreToday’s Guest on Tank Talk is Carl Larry VP Energy Futures Clearing Sales at Marex. In this Episode, Carl shares his perceptions on the current oil markets, insights on inventories, and commodity Data.
The energy markets had an itchy trigger finger as Israel and Iran heightened their sabre rattling that had initially stoked fears of a potentially massive escalation. Fortunately, the actual activity more resembled a scripted WWE match with telegraphed pulled punches and fake chair smashes across the head. The final retaliation by Israel was essentially a stern warning, with limited […]
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