Market Close: Sep 17 Down, Saudis will be back online by the end of September
Sep 17th, 2019 by loren
Fueling Strategy: Very Important to keep all tanks topped out tonight, Wednesday we’ll see a 21 cent jump in prices but Thursday we’ll see a downward correct of 10 cents so “partial fill ONLY Wednesday” The KEY is to buy strategic until everything calms down and prices are more in line with true supple-demand – Be Safe Today
NYMEX Crude $ 59.34 DN $3.5600
NYMEX ULSD $1.9896 DN $0.0942
NYMEX Gas $1.6751 DN $0.0773
NEWS
- Saudi oil production will be fully back online by end of September, the kingdom’s Energy Minister Prince Abdulaziz bin Salman told media during a press conference Tuesday.
- State oil giant Saudi Aramco’s public stock offering is still on track to continue as normal, officials said.
- Saudi Arabia’s largest oil plants were targeted in drone attacks early Saturday morning that knocked out half of the OPEC kingpin’s production capacity.
Have a Great Day,
Loren R Bailey, President
Fuel Manager Services Inc.
Office: 479-846-2761
Cell: 479-790-5581