WTI crude prices are back above $50/b this morning for the first time in three weeks. WTI opened at $50.32/b today, an increase of $0.72, or 1.45%, above yesterday’s opening price. Current prices are $50.23/b, down $0.12 below yesterday’s close. Product prices also strengthened yesterday and appeared to plateau overnight, with some pre-weekend profit taking. […]
Crude prices marched up this week, finally re-attaining the psychologically important $50/b level for the first time in three weeks. Prices opened higher four days out of five this week. The upward trend in crude and product prices has plateaued this morning, with some pre-weekend profit taking, but the week appears to be on its […]
Nat Gas News – March 31, 2017 In the News US natural gas in storage falls 43 Bcf Platts reports: US natural gas in storage fell 43 Bcf to 2.049 Tcf in the week ended March 24, Energy Information Administration data showed Thursday. The withdrawal proved stronger than both the five-year average draw of 27 […]
A group of 44 U.S. onshore-focused oil producers issued a record amount of equity in 2016. In the fourth quarter of 2016, capital expenditure for these companies was $4.9 billion (72%) higher than in the fourth quarter of 2015. This increase in investment spending was the first year-over-year increase since the fourth quarter of 2014 […]
WTI crude prices have climbed back to nearly $48.50/b this morning, opening at their highest level in three week. WTI opened at $49.60/b today, a major jump of $1.13, or 2.33%, above yesterday’s opening price. Prices are $49.45/b currently, down $0.06 from yesterday’s close. Already this session, WTI prices have gone as high as $49.94/b. […]
Nat Gas News – March 30, 2017 In the News Settlement reached over 2016 Seattle natural gas explosion Spokesman.com reports: Officials say pipeline safety regulators and Puget Sound Energy have reached a settlement over a complaint regarding a natural gas explosion in the Greenwood neighborhood of Seattle last year. The state Utilities and Transportation Commission […]
WTI crude prices are back above $48.50/b this morning, after a strong upward trend yesterday that was maintained overnight. WTI opened at $48.47/b today, an increase of $0.58, or 1.21%, above yesterday’s opening price. Prices are $48.56/b currently, up $0.19 from yesterday’s close. Product prices also rallied yesterday and remained strong overnight. Diesel opened at […]
The U.S. Energy Information Administration’s (EIA) latest analysis of planned refinery outages during the first half of 2017 finds that such outages are not expected to cause a shortfall in the supply of petroleum products including gasoline, jet fuel, and distillate fuel, relative to expected demand, either nationally or within any U.S. region. This result […]
Nat Gas News – March 29, 2017 In the News Trump to offer federal coal to industry awash in reserves Reuters reports: U.S. President Donald Trump’s administration has billed his move to re-open federal lands to new coal leases as a win for miners seeking to expand production. But a review of company filings shows […]
WTI crude prices recovered the $48/b mark this morning. Prices yesterday once again tested lows of $47/b before buying interest picked up. WTI opened at $47.89/b today, a drop of $0.23 below yesterday’s opening. Prices increased to $48.25/b currently, up $0.52 from yesterday’s close. Product prices also dipped yesterday and recovered overnight. Diesel opened at […]
