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Category Archives: Tank Blog

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Name Your Price: The Tank Tiger and the Volatile Markets – A Look at Storage, Rates, and Oil Prices

Who remembers the old Priceline commercials?  William Shatner, with his compelling narrative, would tell us all about how we can get hotel rooms and air transportation at whatever price we wanted. All we had to do was name our price. We could go as low as we wanted, and no one would know what a cheapskate you were […]

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Crude Realities: The Rollercoaster Ride of Oil Prices and the Quest for Storage Space

What happens when you take precariously low oil inventories, pile on production cuts from two of the world’s largest producers, continue an ongoing war on the Russian front and mix in a war about to happen in the Middle East? One would think that oil prices would go to the moon, right? In actuality, it seems that […]

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Middle East Tragedy and Energy Market Turbulence: ExxonMobil Megadeal, New Entrants, and the Importance of Physical Trading

It is impossible to contextualize the horror and tragedy of the terrorist attacks in the Middle East over the weekend. Although sanity and reason tend to normalize our moral compass, history tells us that the fabric of our being contains unsettling forces that has led to bloodshed and war over and over again for the past […]

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Renewable fuel & feedstock storage requests on the rise

There’s certainly quite a bit of excitement in the air as we enter the 4th quarter.  What with meaningful football being played in Texas and with oil prices on a relentless climb to $100/barrel there are a lot of flying chest bumps echoing through The Lone Star State. People seem to be happier when football is good […]

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“Hey…wanna go to Florida?” Florida Gasoline & Diesel Terminal storage

Forty years ago, a very wise man named Mark Leahy stood in a glass strewn parking lot in West Philly and said, “Hey…wanna go to Florida?”.  Since then, millions of people have taken heed to those words and have headed to the peninsula in the Southeast corner of the United States, with the help of efficient […]

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Backwardation plus inventory draw equals high prices

Over the weekend, millions of people around the world took to the streets demanding an end to fossil fuels and a rapid transition to clean energy sources. Although the ambitious plan is to convert to renewables within 5 years, that’s just not possible. In reality, we’re looking at 20 to 30 years instead of 5 years, and fossil […]

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OPEC+ are high fiving each other and strutting around like Brutus “The Barber” Beefcake

What just happened? The 1 million barrel-a-day output cut the Saudis assigned preliminarily just for July was exacerbated by Russia also pledging export cuts of 300,000 barrels per day. More significantly, on Tuesday they announced both cuts extending through the end of the year. That’s right, the Penguin and the Riddler have combined forces and Batman and Robin […]

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Pumpkin Spice Oil: The WTI Bulls are Out

We hope everyone enjoyed the long holiday weekend. Labor Day has been a national holiday in the United States since 1894. To many, it may signify picnics, parades, or a day off from work. Organized by the Central Labor Union, the first Labor Day holiday was celebrated in 1882 in New York City. On that day, 10,000 […]

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Belly Laughs and Barrels: OPEC+ Oil Inventory Games and Market Dynamics

OPEC+ is having a belly laugher of a time, watching oil inventories decline.  Last week we witnessed a 6.1 million barrel US inventory draw. That’s a big number. If OPEC+ can manage to drain inventories without a demand crunching exorbitant near term price hike, they’ll have quite a bit more leverage with their global policies next year. Being shocked […]

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“we must cultivate our garden.”: Treasury yield plus inflation equals WTI in the 80s

Last week the 10-year U.S. Treasury yield hit its highest level in over 15 years and netted its fifth straight week of gains. Since the yield curve is still inverted, there appears to be more room for the the 10-year to run, which could really make potential first-time home buyers cringe as mortgage rates climbed over […]

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