Thomas Finlon

Market Summary: September 26, 2021

Sep 27, 2021

Petroleum prices rose for a fifth consecutive week as worse than expected long-term damage to both refining and production assets in the US Gulf coupled with the inability of OPEC+ to increase production overshadowed any concerns related to... more

Market Summary: September 19, 2021

Sep 20, 2021

Energy prices increased for a fourth consecutive week, touching their highest levels since July.
A slow return of production from Hurricane Ida, smaller than expected increases from OPEC+
due to production issues and an IEA monthly... more

Market Summary: September 12, 2021

Sep 13, 2021

In the week following the worst hurricane in the US Gulf Coast in the last 16 years, Crude and product market prices are conspicuously void of trends. The bullish effect of the loss of approximately 21 MB of Crude production due to Hurricane Ida... more

Market Summary: September 5, 2021

Sep 07, 2021

Hurricane Ida, a category four storm with winds exceeding 145 MPH, made landfall last Sunday in eastern Louisiana. Most US Gulf oil production, Natural Gas production and more than 2.3 MBPD of refining capacity were affected. Slow recovery of... more

Market Summary: August 29, 2021

Aug 30, 2021

In a stunning reversal, petroleum prices recovered all of last week's price plunge plus an additional 2 to 3%. Diminishing COVID-19 concerns and clear signs of recovering demand from the US, China and India, further aided by a weakening dollar,... more

Market Summary: August 22, 2021

Aug 23, 2021

Petroleum prices plunged more than 8% this week, their largest weekly loss in more than nine months. Prices have fallen for seven consecutive days and are at their lowest level since May 20th. The last time WTI fell for seven consecutive trading... more

Market Summary: August 15, 2021

Aug 16, 2021

Petroleum prices ended the week mixed as the monthly IEA report warned of slowing demand growth linked to the ongoing resurgence of COVID-19 delta variant cases which reached six-month highs in the US. OPEC in its monthly report left its demand... more

Market Summary: August 8, 2021

Aug 09, 2021

The likely growing impact on demand from a serious resurgence of the delta variant of COVID-19 propelled petroleum prices to their largest weekly drop since the week of October 2nd , 2019. Reinstituted restrictions particularly in China, the... more

Market Summary: August 1, 2021

Aug 02, 2021

Petroleum prices gained for a second week in four and ended July positive for a fourth consecutive month. Easing concerns regarding the delta variant of the COVID-19 virus, an ongoing and accurate perception of an expanding global supply deficit... more

Market Summary: July 25, 2021

Jul 26, 2021

Petroleum prices gained for the first week in three despite opening the week with a 7.5% drop on Monday. The severe drop was due in large part to ongoing concerns of the delta variant of COVID-19 that has been resurgent in a number of countries... more