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

Rare Red Day For Energy Markets

Friday, Jan 11 2019
Market Talk

It’s a rare red day for energy markets in 2019 as prices take a breather from their strong start to the year. If the early losses hold this would snap a 9 day streak of gains for oil and diesel prices. US Equity markets are also pointed lower this morning after getting off to their best start to a year in more than a decade, and the correlation between the two asset classes remains high.

While the 2 week rally has ended talks short term of an extended bear market, there are still plenty of longer term headwind for oil prices: Saudi Arabia released details on an audit of its proven oil reserves this week, revising its total higher than previously announced by some 8 billion barrels. While the Kingdom’s pledge to manage the global supply/demand equation has been a big factor in the recent price rise, this announcement makes it clear that they won’t be running low on reserves anytime soon.

Another headwind? The EIA published a note this morning detailing the growth of Iraqi oil production since the first gulf war. Increases in that country over the past few years are already large enough to offset most of any expected losses due to Iranian sanctions.

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

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.