Our View

Hoarding and High Prices Are Coming

If the past is prologue, prices will continue to increase until buyers become unwilling or unable to pay them. Click here to read more.

Echoes from the Past: On Track for a Price Collapse?

Looking back to 1985-86, oil prices today seem poised for a plunge. For more, see Notes at the Margin.

Distillate Squeeze (July 14, 2025) -- Distillate prices have been rising rapidly due to further rule tightening on maritime fuel emissions, a refinery closing in Europe, the changing mix of global crude supplies, and a possible decline in Russian distillate exports.

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