Oil prices continue rising this morning, within striking distance of $60/bbl for WTI crude. If prices can surpass this level, it would be the highest oil price since early November 2018. Crude oil is currently trading at $59.18, up 9 cents from yesterday’s close. Diesel prices are getting a strong lift this morning after recent […]
Markets are turning even higher today after setting some 2019 highs last week. OPEC’s supply cuts are continuing to create headwinds for markets, especially as we move towards the spring/summer demand season. Crude oil is currently trading at $59.04 this afternoon, up 52 cents. Fuel prices are also trading higher this afternoon, though diesel is […]
Natural Gas News – March 19, 2019 SoCalGas Funds Demonstration Of Adsorbed Natural Gas Technology For Light-Duty Trucks AP News reported: Southern California Gas Co.(SoCalGas) today announced it will fund a field demonstration of adsorbed natural gas bi-fuel vehicles powered by natural gas compressing technology developed by Adsorbed Natural Gas Products, Inc. and Ingevity. Adsorbed […]
Natural Gas News – March 18, 2019 Iran Boosts Natural Gas Production At South Pars With $11 Billion Expansion S&P Global reported: Iran completed an $11 billion expansion of the giant South Pars, part of the world’s largest natural gas field, boosting output by more than 100 million cubic meters a day with President Hassan […]
Oil prices are trending a bit lower than yesterday’s lofty closing price, though early morning losses have largely been trimmed to just small declines. Crude oil is currently trading at $58.44, down 17 cents from Thursday’s close. Fuel prices are also lower, with diesel leading the declines. Diesel prices are currently trading at $1.9691, down […]
Like many recent weeks, oil markets this week were characterized by steady movement higher, only to succumb to a Friday sell-off. Still, this week was a bit unusual in how high markets climbed, with crude setting a new 2019 high water mark. After strong and steady losses last quarter, the quick rebound for oil prices […]
Natural Gas News – March 15, 2019 Natural Gas-Powered Bus Explodes After Colliding With Low Tunnel Overpass Popular Mechanics reported : What seemed like a smart engineering decision had disastrous results earlier this week, when a bus equipped with a natural gas -powered fuel tank on its roof collided with a low tunnel overpass. The […]
Crude oil saw a decisive break above its recent trading range of $55-$57, closing well over $58/bbl yesterday on strong EIA data. Today crude is up a penny trading at $58.27. Fuel is following crude and is trending upward this morning. While diesel is up fractionally, gasoline is up 1.3 cents. The EIA’s data not […]
Natural Gas News – March 13, 2019 Natural Gas Offers Environmental-Friendly Fuel Alternative For Heavy-Duty Trucks, Buses and Tractor-Trailers Tampa Bay Business Journal reported: In 2015, news broke that Volkswagen had orchestrated a massive scheme to install computer systems into vehicles that fooled emissions tests. The action allowed 500,000 diesel vehicles to be on the […]
Crude close the day Tuesday with some very modest gains on the crude oil side, while fuel prices declined. This morning, oil is getting yet another boost above $57/bbl, but recent history has shown this to be treacherous territory. The API’s report of a surprise crude build may contribute to a more bullish leaning this […]
