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Memorial Day Gas Prices Expected to Hit Six-Year High
On April 29 the national average gasoline price reached a new 2019 high of $2.97 per gallon—already matching last year's high—with a variety of factors expected to push prices even higher.

Despite U.S. Crude Export Surge, Import Dependence Remains High
U.S. crude exports have climbed significantly, reaching as high as 2.3 million barrels per day, but further gains will be difficult to achieve.

Forties Outage Causes Price Reaction as OPEC Continues Cuts
The Forties outage shows how supply disruptions anywhere globally will impact consumers in all markets.

Bullish Speculative Bets Near Their Limit as Market Waits on OPEC
The direction of hedge funds bets in the coming weeks and months will depend on a number of factors, including the U.S. rig count, the strength of the dollar, the Fed’s decision on whether to raise interest rates, and of course OPEC.

OPEC Set to Extend Cuts as Fundamentals, Price Move in Cartel’s Direction
When discussing the “success” surrounding OPEC’s cuts, it’s important to remember where the market was at the beginning of 2016, when prices fell below $30. Now, prices are in the mid-$50s, reflecting the impact of OPEC's actions.

Bullish Comments from the Saudis Appear Premature, Glut Likely to Persist
Over the past couple of years, there’s been a string of comments from executives and ministers who want and need higher prices making the case for a tighter market even though there’s little to no evidence of that reflected in the fundamentals.

No Tidal Wave of U.S. Crude Exports, But ‘Opportunistic’ Deals Taking Place
Crude export deals so far have been “opportunistic” and isolated in nature and have gone to a wide variety of buyers. Cargoes will continue to trickle out, but a gusher won’t happen unless domestic production rebounds significantly.

Refining Industry Suffers Bad First Quarter, but Poised to Rebound
The oil majors reported very dismal numbers for the first quarter, but earnings exceeded market expectations largely because of earnings from their downstream units: Refining operations have allowed the large integrated oil companies to weather low oil prices much better than upstream E&P companies.

East Coast Oil Imports Rise as Crude-by-Rail Volumes Decline
Despite the decline of volumes on the tracks and controversies surrounding safety, crude shipped via rail is here to stay, given there isn’t currently pipeline capacity to move supplies from the prolific Bakken plays to the coasts.

Reserve-Currency Status for Yuan to Boost China’s Clout in Global Economy, Oil Markets
The IMF's inclusion of China’s yuan in the global currency basket gives the country a big symbolic victory ahead of the launch of its yuan-denominated crude futures exchange.