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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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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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