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

Gasoline Futures Lead The Complex Higher

Wednesday, Jul 15 2020
Market Talk

The American Petroleum Institute’s inventory report published yesterday afternoon is taking most of the credit for this morning’s positive sentiment in energy markets. Despite an estimated drop in crude oil stocks of around eight million barrels, gasoline futures are leading the complex higher with its 3.5 million barrel draw-down, easing COVID-induced demand fears.

The Department of Energy’s inventory report will be published at its regular time today, but may take a backseat, in terms of price impact, to news surrounding the OPEC+ meeting. While the general expectation is that the cartel stick to trimming supply cuts, rumors are gaining steam that “cheater” nations will be held to their production limitations going forward. A simultaneous increase/decrease in compliant/defiant member’s production could leave the global oil market with a net neutral change.

Hope may be on the horizon: Moderna’s COVID-19 vaccine showed positive responses from the first 45 volunteers it was tested on. Even though a vaccine viable for widespread use is still a long way off, as far out as 2021, equity markets are jumping on the good news and are set to open up big this morning.

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
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.