ENERGY

Amid carnage across various markets today, oil prices ended notably higher (recovering strongly from an ugly overnight puke) as bearish risk appetites battled (and lost) to the effects of rapidly tightening supplies.

Tonight's glimpse at inventories will provide more color…

API

• Crude +1.6mm (-600k exp)

• Cushing -828k

• Gasoline -70k (-200k exp)

• Distillates -1.7mm (-1mm exp)

With stocks at Cushing running near tank-bottoms (and overall (more…)

By Tsvetana Paraskova of Oilprice.com,

On Monday, Russia tweaked its export limitations on fuels, lifting the temporary ban on exports of low-quality diesel and marine fuel.

At the end of last week, Russia surprised the markets by announcing a temporary ban on exports of gasoline and diesel to stabilize fuel prices on the domestic market, ending weeks of speculation that authorities would limit exports in the face of soaring prices and shortages due to higher crude prices and (more…)

By Kassia Micek of S&P Commodity Insights

The California Independent System Operator is preparing for a reduction of over 9 GW of renewable generation during the Oct. 14 annular solar eclipse as solar-powered generation accounts for the vast majority of supply during the middle of the day.

The annular solar eclipse begins in the US in Oregon at 9:13 am PT and ends in Texas at 12:03 pm CT, according to NASA. An annular solar eclipse occurs when the moon passes in front of the sun, (more…)