A number of media outlets reported in recent days that Pemex data show Mexico importing light crude oil in February. We believe this is not the case. Pemex published import data for February showing monthly volumes of LPG, gasoline, diesel, fuel oil and “others.”Continue Reading
Oil prices are unable to get up off the canvas, as signs of global market rebalancing continue to be errant. With the first weekly EIA report of the month on deck tomorrow, hark, here are five things to consider in oil markets today:
The crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the radar, hark, here are five things to consider in oil markets today.