Market Commentary
Tensions with Iran rise as U.S. imposes new sanctions
June 25, 2019
There are a lot of headlines and comments about what’s happening in the Middle East. New sanctions on Iran, a visit to Saudi Arabia by Vice President Pence, Iran’s response to the US about sanctions and all other matters. The Middle East is always a wild card for the energy […]
Trump threatens new sanctions on Iran
June 24, 2019
Friday’s big move in the energy markets was driven by the explosion and fire at Philadelphia Energy Solutions refinery early in the morning. The refinery processes 335,000 barrels of crude oil every day at two plants in the complex, Girard Point and Point Breeze. This fire and explosion caused an […]
Pennsylvania refinery fire juices energy market
June 21, 2019
Energy Solutions refinery in Philadelphia had an explosion early this morning and fire. This has juiced the energy market up as traders cover positions as a reaction the news. It is Friday and uncertainty about the damage and impact to this refinery could mean a scramble to get gallons so […]