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

First Hurricane Of The Season Made Landfall

Tuesday, Jul 16 2019
Market Talk

The first named hurricane of the season made landfall late Saturday and was quickly downgraded to a tropical storm, causing minimal impact to energy infrastructure as of this morning.

Energy futures sold off yesterday, erasing premiums added last week in anticipation of supply outages due to the storm. Prompt month RBOB prices fell over 4.5 cents, HO futures fell almost 3 cents.

The complex is up slightly this morning, taking a step back from yesterday’s sharp downturn, with refined products leading the charge up 50 points to a penny.

The IEA is expecting a sizeable crude oil surplus in 2020 as published in their latest Oil Market Report Friday. Whether or not this will translate to lower prices at the pump will be a function of refinery run health and the moving target that is diesel demand resulting from the 2020 IMO spec change.

The API is scheduled to release their weekly inventory estimates this afternoon and WTI futures saw some buying pressure earlier in anticipation of a 2 million barrel draw in Cushing stocks. As usual, tomorrow’s DOE data publication will likely set the tone for fundamental sentiment for the remainder of the week.

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.