U.S. crude oil production forecast expected to reach record high in 2018

In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, EIA expects crude oil production to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in […]

Natural Gas News – July 26, 2017

Natural Gas News – July 26, 2017 Appalachian States Look Past Coal, Ask Trump to Aid Natural Gas Bloomberg reports: Having lost tens of thousands of coal mining jobs to the rise in natural gas, several states have decided if you can’t beat them, join them. A bipartisan group of lawmakers hopes to persuade President […]

Today’s Market Trend

After losing steam for a few days, crude prices are back above $47 after closing last night at $46.34. Prices are currently $47.18, a gain of 1.81% this morning. Refined products had a much harder time yesterday. While crude prices picked up a 1.6% gain over the course of the day, diesel and gasoline added […]

Gasoline and Diesel Retail Prices

The EIA released its weekly retail gasoline and diesel prices yesterday. Prices for both gasoline and diesel were higher across the board for the week ended July 24. NYMEX prices, which set the tone for wholesale prices nationally and, ultimately, retail prices, rose over 5% during the week before giving up their gains; retail markets […]

Natural Gas News – July 25, 2017

Natural Gas News – July 25, 2017 Energy-Dominance Agenda and Regulatory Challenges The Legal Intelligencer reports: On March 28, President Donald Trump signed the presidential executive order on Promoting Energy Independence and Economic Growth. This executive order hopes to be the catalyst to “unleash America’s $50 trillion in un-tapped shale, oil and natural gas reserves, […]

Today’s Market Trend

After plummeting $1.50 on Friday, crude prices are up slightly to $45.99 this morning, a gain of 22 cents over Friday’s close. Markets fell dramatically ahead of OPEC’s meeting this weekend as markets expected no constructive announcements. Prices opened at $45.62, nearly $1.30 (2.8%) below Friday’s opening price of $46.91. Diesel price and gasoline prices […]

Weekend Summary

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Venezuela instability threatens oil prices “We may be about to see the first sovereign producer to unequivocally fail.” This quote from Helima Crodt, head of commodity strategy at RBC Capital Markets, summarizes the situation in […]

Natural Gas News – July 24, 2017

Natural Gas News – July 24, 2017 Will U.S. Liquefied Natural Gas Find A Market In Asia? Forbes reports: After 18 months of exporting, some 35% of all U.S. LNG has reached Asia. It’s clear that the Asian giants want to reduce their coal over-reliance by using more natural gas. Moreover, the ability of the […]

Today’s Market Trend

Crude prices are down this morning to $46.54, 38 cents off from yesterday’s close. Like most days this week, prices yesterday saw a midday peak, followed by declining prices. Prices opened at $46.91 this morning, almost 20 cents down from yesterday’s opening price. Refined products are down as well this morning. Diesel prices are $1.5265, […]

Weekly Price Review

After what seems like it would be a positive week, crude prices appear set to post a slight loss for the week. Prices opened Monday morning at $46.68, and are currently $46.54. Prices fluctuated from a low of $45.81 on Tuesday to a high of $47.55 on Thursday, a range of almost $1.75. Compare this […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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