OPEC Maintains Cuts, Canada & Mexico Boost Output

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 […]

Pompeo: US Taking Iran to Zero Output

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

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

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 […]

IEA: Oil Supplies Tightening in Q2

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 […]

Week in Review

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 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 […]

Natural Gas News – March 13, 2019

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 […]

EIA: Uptick in Global Supply Disruptions

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 […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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