Friday saw the oil complex turn a bit lower on weak economic data in the Eurozone and profit-taking. This afternoon crude oil is trading relatively flat, though fuel prices are on an upward march. Crude is currently trading at $58.98, down 6 cents Fuel is trending upwards with diesel trading at $1.9796, up 1.4 cents. […]
Natural Gas News – March 25, 2019 Natural Gas Plant Liquid Production Continues At Record Pace Daily Energy Insider reported: Petronas and PetroVietnam have signed a binding heads of agreement for the supply of additional natural gas from Malaysia’s Block PM3 CAA to Vietnam’s southern Ca Mau province, to meet the region’s growing gas demand. […]
Oil is heading lower today amid profit taking as traders cash in on recent highs in the market. Crude oil is trading at $58.70, down $1.28. Fuel prices are also taking a turn lower, with diesel reacting strongly to negative economic news while gasoline remains relatively stronger. Diesel prices are currently $1.9505, down 3.7 cents […]
This week the market was relatively flat, but most of the major news this week seemed to be bullish in nature which supported a mild upward trend through the week with a sell off on Friday giving back the gains. Bullish news included the OPEC committee responsible for recommending changes suggesting leaving the supply cut […]
Natural Gas News – March 22, 2019 Pennsylvania As The New Natural Gas Giant Pennsylvania As The New Natural Gas Giant— Forbes reported: uietly for much of the country, coal legend Pennsylvania has become the second most vital natural gas state. At over 18 Bcf/ d, Pennsylvania now yields over 20% of all U.S. gas, […]
Yesterday’s headline crude draw sent crude oil prices rocketing above $60/bbl for the first time since November 2018, while simultaneously carrying fuel prices higher. Today crude oil prices are turning lower, trading at $59.87, down 36 cents compared to Wednesday’s close. Fuel is trading mixed heading into afternoon trading. Diesel prices are leading the losses […]
Natural Gas News – March 21, 2019 Malaysia’s Petronas And PetroVietnam Agree To Increase Gas Supply To Southern Vietnam S&P Global reported: Petronas and PetroVietnam have signed a binding heads of agreement for the supply of additional natural gas from Malaysia’s Block PM3 CAA to Vietnam’s southern Ca Mau province, to meet the region’s growing […]
Oil is trading mostly flat this morning after trading higher overnight. The market is looking forward to the Fed’s monetary policy statement, which will be released later today. Few market participants expect a rate hike this go-round after recent calls for patience, but if a hike does occur it would send oil prices (and equity […]
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the alliance’s price-boosting production cuts in place until at least June. The group is delaying its decision because it expects the oil market to remain oversupplied through […]
Natural Gas News – March 20, 2019 Get Your Natural Gas In Texas For A Dime, Prices Fall To Record Low Reuters reported: Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian […]
