Troy Vincent is a market analyst at DTN. He’s been in the economic research and energy risk management industry for nearly a decade, from large multinationals like Schneider Electric and Ingersoll Rand to innovative technology startups like ClipperData. Troy specializes in crude oil and refined products, and has a thorough understanding of economics and monetary policy, which gives his readers a deeper understanding of market moves and indicators than basic supply and demand levels.
Hurricane Ida’s path through the central Gulf of Mexico is a worst-case scenario for offshore oil and gas producers.
Oil producers should report a substantial increase in free cash flow both on a quarterly basis and on an annual basis.
Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that draws will continue through the coming month, as strengthening refining margins should entice stronger crude runs in the final month of U.S. driving season.
Hedging has a role in cutting energy costs when lowering consumption is not enough to offset surging prices.
U.S. supplies of fuels such as diesel and heating oil have dwindled and refiners are having trouble replenishing that supply, which could keep prices elevated for months.
Energy prices have been on fire over the last six months. Expect them to go higher, says one analyst.