WTI crude prices have retreated to the $48.50-$48.75/b range this morning. Yesterday brought a rally that reclaimed the $50/b mark for a time, but prices subsided through closing, and they ended up down by $0.27 for the day. WTI opened at $49.65/b today, a decline of $0.28, or 0.56%, below yesterday’s opening price. Current prices […]
The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended May 29th, 2017. The data release was delayed by one day in observance of Memorial Day. Prices for diesel rose significantly, while gasoline prices rose modestly. Retail prices followed crude prices up during the week leading […]
Nat Gas News – May 31, 2017 In the News DCP Midstream Announces Additional Large Scale Expansion of Sand Hills Natural Gas Liquids Pipeline DCP Midstream, LP (NYSE:DCP) today announced an additional large scale expansion of the Sand Hills natural gas liquids (NGL) pipeline, with plans to initially spend $105 million towards long-lead equipment and […]
WTI crude prices are in the $49.25-$49.50/b range this morning. WTI opened at $49.93/b today, a significant recovery of $1.18, or 2.42%, above Friday’s opening price. Current prices are $49.40/b, back down by $0.40 below Friday’s closing price. Diesel opened at $1.5621/gallon this morning. This was a recovery of 1.5 cents (0.97%) above Friday’s opening […]
In our special feature two weeks ago, we noted the importance of cross-border trade between Mexico and the United States. Mexico’s top trading partner is the United States. The United States’ second-largest trading partner is Mexico (Canada occupies the top spot). The U.S. upstream industry suffered during the oil price war, but it is now […]
Nat Gas News – May 30, 2017 In the News Why U.S. Natural Gas Demand Is Closer to Tipping the Market The Wall Street Journal reports: Over the past 10 years, the amount of coal used to generate electricity has fallen by a third while the quantity of natural gas has risen by two-thirds, according to […]
WTI crude prices have dropped sharply to under $48.50/b this morning. WTI opened at $48.75/b today, a major drop of $2.50, or 4.88%, below yesterday’s opening price. Current prices are $48.42/b, a continued decline of $0.48 below yesterday’s closing price. Crude and product prices plunged following the OPEC meeting in Vienna yesterday, despite the fact […]
It was a volatile week for the oil complex. Prices reacted to OPEC announcements leading up to the formal meeting on Thursday. The announcements were generally confident, and the participants appeared to reach consensus for the adoption of a nine-month extension to the production cut agreement. Prices were on a general upward trend. Yet when […]
Nat Gas News – May 26, 2017 In the News TMX Group To Test Natural Gas Transmission With Blockchain-Based Prototype ETH News reports: TMX Group announced the development of a blockchain-based prototype that enables the transfer of natural gas. The project was the result of a partnership between Natural Gas Exchange (NGX), TMX’s whollyowned subsidiary […]
WTI crude prices have fallen back down into the $50.50-$51.00/b range this morning. WTI opened at $51.25/b today, a drop of $0.19, or 0.37%, below yesterday’s opening price. Current prices are $50.67/b, a continued fall of $0.69 below yesterday’s closing price. Crude and product prices rose and fell overnight, initially rising above closing levels then […]
