It’s always the unexpected events that make the eyes grow wider. Hurricane Milton is zeroing in on the Florida Gulf Coast. Middle East tensions are crackling as the threat to oil supply in the Middle East is whipsawing the commodities markets. For the first time in 40 years, Vanderbilt beat Alabama in football, and the goal posts are now […]
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Yay…we did it. The Fed cut interest rates by a robust 50 points last week. It was the first rate cut since March 2020. Does anyone even remember 2020 anymore? The Fed is now satisfied that they have inflation in a hammerlock and are “recalibrating” to support the labor market and economic growth. To that end, they see a […]
In today’s episode we outline the current Freight market with our guest Andrew Etter of SPI Marine. In this Episode, Andrew shares his insights on the dynamics of the shipping markets and how the market has changed since the Pandemic.
Last week in the Gulf Coast, it was raining cats and dogs….. but fortunately nobody ate them. It could have been much worse, but the damage from Category 2 Hurricane Francine was not too severe despite the 6 – 9 inches of rain. A notable event was that a huge oak tree in Watson, Louisiana split apart […]
We have to drill baby drill? Or maybe we already are. With crude prices dropping, gas prices at the pump are following suit. Indeed, US gas prices hit a six-month low of $3.31 a gallon last week, down 50 cents from this point last year, according to AAA. By Thanksgiving, up to 40 states could be below $3 a gallon, according […]
In today’s episode we outline the current Refined Products market with our guest Matt Kohlman of Platts, part of S&P Global Commodity Insights. In this Episode, Matt shares his thoughts on Gasoline & Distillate arbs, LATAM Products movement, and the current price movement in diesel.
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Yesterday we celebrated the summer/fall tweener holiday which is Labor Day. We hope everyone enjoyed their time off. It is a day to honor and celebrate the American labor movement and the contributions of workers to the country’s strength, prosperity, and well-being. The holiday originated in the late 19th century, as labor activists pushed for a federal holiday […]
Last week, The Tank Tiger had a very good customer ask us to issue an anonymous inquiry on their behalf for Jet Fuel storage in California. The sudden need for Jet Fuel storage was exacerbated by the Crowdstrike failure that grounded thousands of flights and necessitated the storage of unconsumed Jet Fuel. (Aside from that and with full disclosure, […]
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US Senator Lindsey Graham has proposed new legislation to impose tariffs on nations buying crude oil or petroleum products from Iran. Due to growing demand, Iran is now looking to increase its output by 20% increase over its existing production. So the way this would work would be that any country buying Iranian oil would then be penalized […]
Our Guest today on Tank Talk is Darius Sweet, current Chairman of the Board at GTI Statia. A career spanning over 30 plus years in the oil Industry and a former CEO, Darius recounts his impressive career and sheds light on the current landscape of the industry in this episode .
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Tank Talk
