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Category Archives: Tank Blog

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Goldilocks Economy: Market Cheers Amid Lower Inflation and Jobless Claims, But Oil Prices Remain a Wild Card

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 […]

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A Tale of Two Economies: The Divergent Perspectives on Our Economic Health

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 […]

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Who Let the Bulls Out? Energy Markets Heat Up Amid Rising Oil Prices and Market Gains

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 […]

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From 1 to 5,000: Celebrating The Tank Tiger’s Milestone in Connecting Customers and Storage Facilities

To count from 1 to 5,000 would take you about twenty-three minutes. To connect 5,000 customers looking for storage with 5,000 storage facilities took The Tank Tiger a little over 9 years. We’re pleased to report that last week we reached that milestone and cemented the proof of concept that there is value in the terminal storage […]

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NY Harbor Shrinkage

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 […]

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OPEC+ Extends Oil Production Cuts to 2025: What It Means for U.S. Producers and the Global Market

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 […]

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Unlocking the Hidden Value of Your Storage Lease: How The Tank Tiger Can Help You Strike Gold

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 […]

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From OPEC+ Lollipops to Market Haircuts: Navigating the Turbulent Waters of Oil Prices and Economic Signals

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 […]

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Warm Trends, Cool Markets: A Week in Review – Distillate Contango in NY Harbor

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 […]

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Market Mayhem: Israel-Iran Sabre Rattling and Its Impact on Energy Prices

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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