• Supply
  • Social Media
VisitTAC - The Arnold Companies
Customer LOGIN

Energy Futures Mixed This Morning

Monday, Sep 14 2020
Market Talk

Energy futures prices are mixed this morning, much like they were Friday, as the complex attempted to avoid closing with a weekly loss. October RBOB futures are seeing the most buying so far today with gains of about a penny, almost 40 points more than it neighboring November contract. ULSD and both American and European crude benchmarks are all hanging on the negative side of unchanged.  

Baker Hughes published their weekly oil rig activity report, showing a net decrease in two production platforms in the U.S. The single rig closure in Texas and the other in West Virginia brought last week’s total to 254 active plants, down over 600 from this time last year. 

The Commitment of Trader’s report published last week shows a significant pullback in net length in WTI positions from the Managed Money category, bringing their long bets to a multi-month low. RBOB and HO saw likewise declines but to a lesser extent.

What is projected to be Hurricane Sally by early Tuesday morning is bearing down on the Eastern side of the Louisiana coast and will likely make landfall mid-day tomorrow. While New Orleans is no longer in the direct path of the storm, the Big Easy is still within the cone of uncertainty, along with five of the area’s petroleum refineries. As of now Phillips’ Alliance refinery is the only confirmed shut down in the area, taking 269,000 barrels per day of production offline.

Click here to download a PDF of today's TACenergy Market Talk.

News & ViewsMarket Talk

News & Views
Latest Posts

KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Go Rentals Opens 10 New Locations with Partner, TAC Air
Tac Air's new facility features B17-G model airplane, Military Situation Room
TAC Air B-17G Model Brings Nostalgia and Tears

News & Views

Market Talk
Latest Posts

Market Talk

TACenergy logo
Sales:  800-375-FUELSupply & Logistics:  800-808-6500

Get in Touch

Sign up to receive market talk updates in your inbox each day.
Establish a credit account.
Apply For Credit
Need to make a fuel order today?

Follow us

  • Supply
  • News & Views
  • Market Talk Updates
  • Social Media
  • Contact a Representative
  • Customer Login
  • Apply For Credit
Find Your Next Great Role With TACenergy.
Explore Careers
  • Privacy Policy
  • Terms of Use
  • Employee Login
  • Sitemap
TACenergy, LLC © 2022. All Rights Reserved.