Mr Crude, what is a DFL and should I care its $1.84 ? Well Timmy, a DFL is an acronym for Dated vs Front Line Brent. Its a measure of a cargo with an upcoming specific delivery date against the most current Brent futures . That price suggests a very tight crude oil market .
"Get your facts first, then you can distort them as you please." Even Mark Twain would have trouble reconciling the growing crude oil storage balances and the crude oil price backwardation.
On the day when California's higher tax and fees kick in, the wholesale price for LA CARBOB is $2.24 a gallon (the price refiners sell to the market). Add 0.68 cents for distribution and everything else to sum to the pump price is tax and fees.
For anyone that doesn't already believe energy has ripple effects through a balanced and functioning economy . . . today's SCOTUS decision is based on Diamond Alternative Energy vs EPA. Read for yourself. supremecourt.gov/opinions/24pdf…
In our report, 'Oil and refined products in 2025: a commodity trader’s guide', Alan Gelder and Jim Mitchell explore the key opportunities and challenges shaping the #crude and refined product markets this year.
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Scoring update from ⚾️ in Enid - 8th-seeded @GoSoutheastern@SavageStormBSB leads top-seeded Arkansas Tech 3-2 thanks to 💣💣 from #theGAC Player of the Year Wesley Mitchell
The Gulf of America has more oil than the Gulf of Mexico ?
Interior Announces Major Increase in Gulf of America Oil and Gas Reserves | U.S. Department of the Interior
Through persistence comes strength. Shikoku refinery is facing flooding rains from Typhoon Shanshan. Monitor its status in realtime through Wood Mac's Asset Connect. Folllow Jake Eubank for a detailed analysis. Be Strong Japan. This Texan feels your pain #Oil#Japan#Typhoon
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