Oil prices have risen on the back of U.S. sanctions on Iran, but short-term glut in the physical market is softening the blow – for now. The market, however, is starting to price a more dire situation by year-end. Oil refiners have plenty of crude at
The size of the crude build caught traders off guard, but was then tempered as most of the build was on the West Coast, bringing prices back to unchanged on the session, but still within shouting distance of $70/bbl. Distillate demand is having its “strongest seasonality”
D.O.E. Report: CL stocks up 2.17 mmbls., Distillate stocks down 2.61 mmbls., Gasoline stocks up .84 mmbls., Refinery utilization down 1.6% to 90.8%. Crude exports were at a new high last week, but the inventory report came in around what was estimated – so we the
Oil continues its rally towards $70 per barrel, despite all the warnings that higher prices will just lead towards more shale production in the U.S. The protagonists in the fight to lower the global glut seem to be reaping the rewards, but keeping prices high
Prices are higher today, but not because of the report. When POTUS Tweets plans for a missile attack in the Mid-East (wow, has the world changed!), the energy market doesn’t know what do you BUT jump. Crude prices are at their highs since late 2014,
Click here for PDF Version of Energy Procurement Report 03.22.18
Click here for PDF Version of Energy Procurement Report 03.08.18
Both the New York City Council and the Department of Environmental Conservation have either changed current laws as we know them or have revised codes that have been in effect for years. Get more info on these changes and how they impact your building.
Westchester County legislature is following in the footsteps of New York City, in their unanimous approval to reduce the soot produced by the residual fuels, No. 6 and No. 4 oil.
Reposted from: https://sitecompli.com/blog/ask-the-expert-original-energy/ Posted By Claire Chen Welcome back to SiteCompli’s Ask the Expert series! In this installment, we interviewed the experts at Original Energy, an energy management company based in New York. Original Energy provides energy services and consulting, specializing in fuel oil procurement, natural gas and electricity