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

Energy Prices Holding Onto Modest Gains

Friday, Sep 28 2018
Market Talk

Energy prices are holding onto modest gains as trading winds down on a strong week, month, and quarter for the petroleum complex. As Bloomberg noted this morning, this will mark a 5th straight quarter of gains for Brent crude oil prices, something we haven’t witnessed since the rally from $70 to $145 more than 10 years ago.

While Brent Crude & ULSD futures are trading near 4-year highs, WTI and RBOB futures are still holding below their summer levels, setting up an interesting tug-of-war for control of the petroleum complex as we enter the 4th quarter.

While concerns about global supply reductions (driven largely by Iranian sanctions and Venezuelan chaos) have helped fuel the rally this year, rising oil prices combined with rising interest rates and a stronger dollar are threatening to derail demand growth in emerging economies which could help prices stabilize in the coming year.

The US Justice department and EPA announced Thursday they’d reached a settlement with NGL over fraudulent RIN activity by Gavilon LLC prior to NGL’s acquisition of that company. The settlement included a $25 million penalty and a retirement of 10 million RINs.

Coincidentally, RIN markets have reached 5 year lows this week after the EPA released new data on the Renewable Fuel Standard which showed plenty of RINs available to meet obligations, and as rumors circulate that a new deal to satiate big Ag and Big Oil may be coming ahead of the mid-term elections.

CLICK HERE for a PDF of today's charts

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
Archive

Market Talk
Latest Posts

Market Talk
Archive

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

TACenergy
  • 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.