Look Out Below

Crude oil futures fell into negative territory for the first time in history. Is heating oil next?

Are Oil Prices Presenting an Opportunity?

There has been, appropriately, much discussion about the recent, so-called Black Swan event, the coronavirus. I’ve witnessed the…

What Determines Oil Futures Prices?

What determines oil futures prices? We all know that prices are determined by supply and demand (Economics 101), so in the long…

Decennium

As we look toward a new decade, I thought it might be informative to also look back on the previous 10 years. To help guide this…

Basis Blowout Ahead?

This year’s East Coast distillate stock building season seemed to be going well enough from early June through early August.…

Seasonal Hedging Outlook

As of this writing on October 1, we find ourselves on the cusp of another adventure into the unknown. Let’s look at what the…