05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Production Remains Strong Despite Robust Reduction in Upstream Spending
Ahead of the first quarter financial results from upstream oil companies, it is worth noting the decline experienced in upstream capital spending during the 4th quarter, as well as, where production might be heading. Oil prices have rebounded in the latter weeks of March, as a function of recent Middle Eastern strife and a declining US dollar, but oil inventories remain robust…