Petroleum Prices Increasing As Oil Reserves Return to Pre-Pandemic Levels

Earlier this month, Bloomberg published an article that both confirms and explains the reality faced by many distributors as well as the general public — oil and gas prices are going up.

As previously overstocked inventories return to pre-pandemic levels and key producers continue to keep production capable of replenishing the supply offline, the price of crude, in conjunction with several other factors, is contributing to a previously unprecedented rate of price increases within the market. For a deeper dive, you can view the full article here.

Petroleum price volatility can be challenging on your management team and impactful on your company’s bottom line. PTL offers risk management solutions that can help you navigate this environment and reduce your exposure to volatility in the marketplace.  Our Supply Chain Team actively monitors and manages the petroleum markets, and our Sales Team offers a suite of pricing contracts tailored to fit your needs.  Contact your Sales Representative or click here to learn more about these offerings.