Yesterday brought a strong downturn as equity weakness spilled over to the broader market. This afternoon that weakness continues, though at a smaller scale. Crude oil is currently trading at $52.41, a loss of 60. Fuel prices are also solidly in the red today. Diesel prices are trading at $1.8868, down 1.4 cents from yesterday’s […]
Natural Gas News – January 23, 2019 Saudi Arabia Ventures Into U.S. Natural Gas Forbes reported: Saudi Arabia is looking to invest in U.S. natural gas. The Kingdom is considering Tellurian’s proposed Driftwood LNG export terminal in Louisiana and Sempra Energy’s Port Arthur LNG facility in Texas. For example, Tellurian seeks equity partners who would […]
Oil prices are giving up some of their gains this morning, bringing prices from a high of $54/bbl to below $53. It’s normal after a rapid price increase to see prices revert lower as traders cash in their profits; since Christmas Eve’s close, crude prices have risen $10/bbl, or 24%. This morning, crude is trading […]
Natural Gas News – January 22, 2019 Natural Gas Pipeline Explodes in Eastern Ohio Post Gazette reported: A natural gas pipeline explosion rocked Noble County, Ohio, on Monday sending one person to the hospital with burn injuries and obliterating two homes. A 30-inch Texas Eastern pipeline, now owned by Enbridge Inc. of Calgary, burst around […]
Happy Martin Luther King Jr. Day. After rocketing higher again on Friday, markets are trading slightly in the red, posting small losses as the markets observe shortened trading hours. Crude is trading at $53.70, pennies below Friday’s close. Fuels are also ebbing lower slightly, generally trending nearly flat with Friday’s prices. Diesel prices are currently […]
Natural Gas News – January 21, 2019 API has Projected Continued Growth of U.S. Energy As The World Leader Verified by Fourth-Quarter Natural Gas, Oil Data World Oil reported: Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well […]
Amid high optimism on US-China trade talk progress, markets are seeing a large upswing this afternoon. Crude oil is currently trading at $53.80. Fuel prices are taking part in the rally as well, with both diesel and gasoline prices rising to multi-week highs. Diesel prices are currently trading at $1.9184, up 3.4 cents. Gasoline prices […]
Natural Gas News – January 18, 2019 Study Shows Storing Natural Gas Underground as Viable Option News Observer reported : A new study indicates it might be economically feasible for North Dakota oil companies to provisionally store natural gas underground instead of burning it off at well sites. The University of North Dakota’s Energy and […]
After some early morning losses, oil markets turned around yesterday despite a bearish oil market report showing net builds in oil products. Crude oil this morning is currently $51.47, down 84 cents from yesterday’s close. Fuel prices are down this morning with diesel trading at $1.8685, down 2.6 cents. Gasoline is also trading lower this […]
Natural Gas News – January 17, 2019 Pittsburgh Suburb Says No to Natural Gas Drilling Under Park WITF reported: A Pittsburgh suburb has rejected a proposal to allow drilling for natural gas under a local park. The Franklin Park borough council voted 4-2 Wednesday against signing a lease with PennEnergy Resources. The company wants to […]
