Natural Gas News – December 2, 2021 U.S. natgas futures edge up ahead of weekly storage report U.S. natural gas futures edged up on Thursday with a small decline in output after dropping to a three-month low in the prior session as the market awaited direction from a federal report expected to show a bigger […]
With the new Omicron COVID-19 variant hitting mainstream media, as well as fears about what OPEC+ will decide on supply policy, consumers are taking a hit this morning with oil prices rising. Simply put, Omicron is impacting demand, and OPEC+ is responding to changing demand by changing their supply plan. This morning crude oil opened […]
Fuel prices crashed once again yesterday, with pharmaceutical officials noting that Omicron will weaken the efficacy rates of existing vaccines. Gasoline prices closed below $2/gal for the first time since April 2021 after dropping 13 cents, while diesel fell 9 cents to multi-month lows. Today brings yet another recovery, with crude up $2/bbl and fuel […]
OPEC+ Under Pressure As Oil Prices Plunge Again Black Friday’s price collapse shook the oil market, destroying the bullish sentiment that had been building throughout the month. While prices partially recovered on Monday, they plunged again on Tuesday morning as uncertainty intensified. Concerns over the rapid spread of the Omicron variant have bolstered fears of […]
Possibly the greatest investor of all time, Warren Buffet, is famous for his line: Be greedy when others are fearful, and fearful when others are greedy. With Omicron causing a panic and a 30+ cent dip, now may be a great time to consider locking in a fixed fuel contract while the market is fearful. […]
NATURAL GAS NEWS – November 30, 2021 What Happens If Europe Runs Out Of Gas? The real test of Europe’s energy supply is here. As temperatures have started dropping on the continent in recent days, power prices spiked again, and the natural gas shortage could worsen in case the winter is colder than usual. There […]
Friday was one of the most volatile trading sessions since the peak of the pandemic, and it seems appropriate that the major concern was the new Omicron COVID variant. Crude prices moved by an astounding $10 per barrel (-12.8%), while fuel prices sank nearly 30 cents per gallon. Today, markets have recovered roughly half of […]
Starting off the week we saw oil prices decrease on new expectations of increasing energy supplies. With United Nations talks ending on Saturday, news circulated of a deal pinning global warming heavily on fossil fuels. The two-week meeting in Scotland focused specifically on climate change, and several sessions focused on how to curb emissions enough […]
FUELSNews will return on November 29 after the holiday week. From all of us at Mansfield, we wish you and yours a healthy and happy Thanksgiving! Fuel prices are tanking this morning, as both supply and demand seem to be moving in bearish directions. Despite this week’s inventory report showing tight supply, the near-term outlook […]
It’s fairly common for politics to influence oil prices, but it’s a bit less often that oil prices so directly effect politics. We’ve written extensively lately about the impact that high oil prices are having on the Biden administration and what (limited) control the US government has over fuel costs. With that said, the federal government seems […]
