The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended February 13th, 2017. Both gasoline and diesel prices increased during the week. For the current week ended February 13th, diesel prices rose 0.7 cents to an average price of $2.558/gallon. PADD 1 retail diesel prices rose […]
The oil complex continued to weaken overnight. WTI prices are down in the range of $52.50-$53.00/b this morning, after trading in the $53.50-$54.00/b range yesterday morning. The selloff has affected both crude and product markets. WTI opened at $53.14/b today, a drop of $0.67 from yesterday’s opening price. Current prices have fallen to $52.71/b, $0.30 […]
The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended February 6th, 2017. Both gasoline and diesel prices subsided for the fourth consecutive week, though the decline was minor. Retail prices had increased steadily during the month and a half following the November 30th OPEC meeting, […]
Click here to read the latest NGN MPG Weekly Market Report Mild temperatures continue to proliferate through most of the contiguous 48 states, and along with it muted demand for natural gas. Both the 10- and 14-day outlooks call for continued warmer weather, and as a result projected HDDs for February have taken a significant […]
WTI crude prices are remaining strong in the $53.50-$54/b range this morning. WTI opened at $53.81/b today, an increase of $0.13 from Friday’s opening price. Price rose above $54/b overnight, but have receded this morning. Current prices are $53.72/b, $0.11 below Friday’s close. Product prices showed a similar pattern with overnight strengthening and a slight […]
Editor’s Note: The EIA’s latest data release indicates that U.S. exports of finished gasoline averaged 605 kbpd during the January-November period of 2016. This is a 27% increase over year 2015 exports of 476 kbpd. The Mexican government is in the process of opening its gasoline and diesel markets to outside competition and replacing government-set […]
Click here to read the latest NGN In the News When flaring natural gas becomes political – Needless regulation or good conservation? Forbes reports: The Bureau of Land Management, which oversees the development of federally owned lands, proposed regulations last February to curtail methane emissions from public lands. As the Bureau of Land Management noted […]
WTI crude prices are in the $53.50/b-$54.00/b range this morning. Prices yesterday were above $54/b for a time, but the market closed at $53.54/b. WTI opened at $53.68/b today, an increase of $0.11 from yesterday’s opening price. Current prices are steady at $53.66/b, $0.12 above yesterday’s close. Product prices have weakened. OPEC’s production cuts are […]
WTI crude prices opened the week on Monday at $53.15/b, which was $0.28 below the previous Monday’s opening (January 23rd.) Tuesday’s and Wednesday’s prices were mainly in the $52.50-$53.50/b bandwidth. Thursday brought a rally that brought prices above $54/b at the high end, but the day closed back at $53.54/b. Friday’s opening was up by […]
Click here to read the latest NGN In the News WEC invests $230 million in natural gas storage site Yahoo! Finance reports: The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 87 billion cubic feet for the week ending January 27. Analysts were expecting a storage decline ranging […]
