WTI prices are attempting to climb back to $53/b this morning. Crude and product prices slumped yesterday, bringing WTI crude prices below $52.50/b. WTI opened at $52.60/b today, a drop of $0.55 from yesterday’s opening price. Current prices are $52.74/b, $0.11 above yesterday’s close. On this last day of January, 2017, WTI crude prices are […]
The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended January 30th, 2017. Both gasoline and diesel prices subsided for the third consecutive week. Retail prices had increased steadily during the month and a half following the November 30th OPEC meeting, but crude prices have weakened […]
Click here to read the latest NGN Weekly Nat Gas Analysis Analysis by Martin Trotter After ending the previous week on a high note, front month prices slid over 3.5% on Monday to close at $3.23. Despite the newest EIA January 2017 Short Term Outlook calling for nearly 10% increases of gas-fired power capacity by […]
WTI crude prices are just above $53/b this morning. WTI opened at $53.15/b today, a drop of $0.59 from Friday’s opening price. Current prices are $53.13/b, $0.04 below Friday’s close. Product prices are mixed, with gasoline showing price weakness. Last week’s supply and demand fundamentals should have lent a bearish note to the market. This […]
Source: U.S. Energy Information Administration. Principal contributor: Tyler Hodge Average wholesale electricity prices at major trading hubs across the United States during the first quarter of 2016 were significantly lower than during the same period in 2015, ranging from 24% lower in California to 64% lower in New England. Monthly wholesale prices for the rest […]
Click here to read the latest NGN In the News Booming natural gas exports to Mexico may be at risk Bloomberg reports: Although Mexico is one of the world’s top 20 natural gas producers, in recent years demand there has jumped well ahead of the country’s domestic production. As a result, Mexico has become the […]
View the Complete Pricing Report Resignation threatens to bring U.S. pipeline rulings to halt Bloomberg reports: A U.S. energy regulator filed his letter of resignation on Thursday. And with that letter, he may have just brought federal decisions on multibillion-dollar natural gas pipelines to a halt. Norman Bay said he’ll leave the Federal Energy Regulatory […]
Analysis by Dr. Nancy Yamaguchi WTI crude prices are easing back down into the $53.50/b neighborhood this morning. Yesterday’s price rally was stronger and more sustained than expected, with WTI rising above $54/b. WTI opened at $53.74/b today, a jump of $0.78 from yesterday’s opening price. Current prices are $53.51/b, $0.27 below yesterday’s close. Product […]
By Dr. Nancy Yamaguchi WTI crude prices opened the week Monday at a very strong $53.33/b. Tuesday’s market opened $0.47 lower, but opening prices were stable on Wednesday and Thursday, and Thursday brought a rally that closed the day at $53.78/b. Friday’s opening was 4 cents lower, at $53.74. Over the week, this was an […]
Click here to read the latest NGN In the News Trump backs oil pipelines, gas lines are in limbo Bloomberg reported: While President Donald Trump works to advance two controversial oil pipelines — Dakota Access and Keystone XL, a war’s being fought in Washington over a whole other set of lines: natural gas ones. Take […]
