As we end the week, news to drive oil markets has been light, and oil prices were generally flat yesterday. Crude oil is at $51.44 this morning, just 12 cents down from yesterday’s close of $51.56. Oil prices had a large $1.64 price range yesterday, reaching highs of $52.86 and lows of $51.22 before settling […]
Fuel prices this week have fluctuated dramatically across the different products in the market. Crude and diesel both posted modest gains for the week, but gasoline has been a huge loser this week. Crude prices are up $.90 between Monday’s opening price and today’s open, rising from $50.68 to $51.58 today. Prices began the week […]
Nat Gas News – September 29, 2017 Drone Inspections of Natural Gas Pipelines May Soon be Reality Triblive.com reports: Drones may be able to detect incipient leaks in underground natural gas pipelines, and even prevent them, once technical and regulatory hurdles have been resolved. Officials cited corrosion as a factor in a natural gas pipeline […]
Nat Gas News – September 28, 2017 ‘New Day’ For Jordan Cove LNG, Says Colorado Producer Group Natural Gas Intelligence reports: Colorado’s West Slope producer group is optimistic the new FERC application for the Jordan Cove liquefied natural gas (LNG) export project in Oregon and companion Pacific Connector transmission pipeline should open a “new day” to […]
Oil prices are generally seeking higher ground, responding to yesterday’s EIA inventory report. Crude prices are up $.50 today to $52.64, after trading flat yesterday. Just last week, crude prices peaked above $50 for the first time in months; in the past, prices hitting $50 has triggered selling and traders bidding the market down again. […]
Crude oil exports in the first half of 2017 increased by more than 300,000 barrels per day (b/d) from the first half of 2016, a 57% increase. Petroleum product exports grew over the same period as well. Crude oil and propane exports each reached record highs of 0.9 million b/d, and distillate exports reached a record of […]
Crude prices are at $51.93 this morning, down just slightly from yesterday’s close. Crude traded mostly flat yesterday, with prices ending the day just 25 cents below the opening. After Monday’s 3% gains, markets have been calm as some traders cash in their profits and exit the market. Still, the overall sentiment in the market […]
Last week the American Trucking Association (ATA) announced that truck tonnage in August reached 149, up 7.1% from July’s level and 8.2% over August 2016. Bob Costello, Chief Economist for the ATA, attributes the tonnage increase to hurricane preparation and strong port volumes, adding that the index was higher than economic indicators would have predicted. […]
Nat Gas News – September 27, 2017 Chesapeake sees 15 percent drop in third-quarter output as Harvey hurts Reuters reports: Chesapeake Energy Corp said on Tuesday it expects a 15 percent drop in third-quarter production, partly blaming Hurricane Harvey, which forced the company to stop work in the Eagle Ford shale region of Texas. Chesapeake […]
Nat Gas News – September 26, 2017 Farmer’s Almanac Winter Forecast Very Bullish For Natural Gas Prices Seeking Alpha reports: The Old Farmer’s Almanac is predicting a very cold 2017/2018 winter for the West and South. Based on the forecast natural gas futures prices could move up significantly before the end of winter, assuming of […]
