Our View

Oil's Weakest Link

Undercapitalized oil marketers and distributors cannot afford to hold inventories. The resulting high prices may speed the energy transition. Read more here.

Arbitrage Works

Cash ULSD prices in NY have now converged with futures prices for the December CME contract.

Stranding Less Crude (November 28, 2022) -- We offer some thoughts on how oil producers could prolong petroleum use.

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