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 […]
Natural Gas News – January 16, 2019 Rough Natural Gas Production Drops to Zero Amid Early UK System Length S&P Global reported: Natural gas production from the Rough asset, the former UK offshore storage site, fell to zero at 0600 GMT on Wednesday morning, in an apparent response to early market signals indicating high UK […]
After closing above $52/bbl yesterday, WTI crude prices are dipping a bit lower this morning. The rally that brought prices from $45/bbl to $50/bbl appears to be waiting for fresh news to propel the market higher. This morning as the market awaits such news, crude oil prices are trading at $51.55, down 56 cents from […]
Mansfield is hosting a webinar at 1PM EST to review Q4 and provide a 2019 oil price outlook. If you’d like to hear more about the trends below, Click Here to register. Oil prices are rallying strongly this morning after yesterday’s large losses. Yesterday’s $1/bbl losses were likely profit-taking after some hefty gains recently, and […]
Natural Gas News – January 15, 2019 Natural Gas Prices Spike 13 Percent on Forecasts for Long, Severe Cold CNBC reported: Natural gas prices spiked on Monday as the market gained confidence that the severe cold gripping the United States will persist longer than previously thought, driving up heating demand and taxing gas stockpiles. Front-month […]
Friday brought an end to the black-streak for oil prices, the longest up-streak since 2010 as markets rebounded from the ’08-’09 financial crisis. This morning crude oil is sustaining Friday’s losses. Crude oil is currently trading at $51.15, a loss of 44 cents. Fuel prices are mixed this morning, after both products gave up a […]
Natural Gas News – January 11, 2019 Peru Discusses Importing Natural Gas Through Pipeline from Bolivia Reuters reported: Energy ministers from Peru and Bolivia agreed on Thursday to discuss building a pipeline that would transport natural gas and liquefied natural gas (LNG) from Bolivia to its neighbor. The pipeline would provide crucial access to the […]
