Last week The Tank Tiger fielded a cornucopia of storage inquiries including Veg Oil, Distillate, fuel oil, Surfactant, Polyol, Clean Products and Marine Gas Oil. We’re pleased to say that we were able to hook up most of these inquiries for a potential storage deal with our terrific terminal operators. We’d like to think that no one […]
Read moreToday’s Guest on Tank Talk is Jim Mitchell at Wood Mackenzie. Jim shares his perspective on the current oil market landscape. The episode covers the Transmountain Pipeline affect, Inventories, US Crude Exports, and much more.
As of today, July 24, 2024, the price of West Texas Intermediate (WTI) crude oil is experiencing a moderate increase. The current spot price is approximately $81.25 per barrel, down slightly by 0.22% from the previous day but up by 5.44% from the same time last year. This slight decline comes after a bullish report […]
Read more
The 2017 change in corporate tax rates from 35 to 21 percent had a direct effect on the ownership of midstream assets. The Master Limited Partnership (MLP) structure no longer had the same competitive advantage when it came down to minimizing taxable earnings. As a result, some assets that were once deemed core and strategic to some […]
Today’s Guest on Tank Talk is Wesley Monteiro at S&P Global – Platts. In this Episode our topic is Renewable fuels. Wesley shares his perspective on the transformation of Renewable Fuels on the current & future landscape of energy industry.
Last week saw headline prices declining during the month for the first time in four years. Along with it, annual inflation fell below 3% for the first time in a year. Core inflation was better than forecast, coming in at 3.3% which was the lowest in three years. Supporting this positive economic news was the fact that there […]
How can some people say our economy is doing great while others say that it’s a disaster? How can something so simple be so paradoxical? Of course, we’re all entitled to our own opinions, but no one is entitled to their own facts. The jobless rate has now been at or below 4% for over 2 years, a streak […]
Read moreToday’s Guest on Tank Talk is Chris Hewett Head of Client Services at Sphere. In this Episode our topic is AI and the applications in the commodity trading space. Chris shares his perspective on AI transforming siloed data in trading industry today.
Read more
Who let the bulls out? Woof woof. The days are getting shorter, but things aren’t getting any cooler – in our atmosphere or in the energy markets. For the week, both crude benchmarks were up about 3% after gaining about 4% last week. Brent ended the week at $85.24 a barrel and WTI crude settled at $80.73, gaining back […]
Today’s Guest on Tank Talk is Hillary Stevenson Senior Director, Energy Market Intelligence at IIR Energy. In this Episode our topic is all things refining. Hillary shares her insights on the current refinery runs, refinery turn arounds, and refining margins. Thanks for listening and feel free to check out The Tank Tiger’s Data service.
Tank Talk
