Oil markets sustained further losses yesterday. Crude prices fell over a dollar to end the day at $64.50, continuing what is now a three-day losing streak. Markets are still falling this morning, with crude prices currently trading down 15 cents at $64.35. Refined products are also strongly in the red, and the past two sessions […]
In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled. The combination of horizontal drilling and hydraulic fracturing has increased the rate of recent U.S. crude oil, lease condensate, and natural gas production. Hydraulically fractured horizontal […]
Natural Gas News – January 31, 2018 Fracking Accounts for Most New Oil and Gas Production in U.S., Agency Says Tribe Live reported: Hydraulically fractured horizontal wells accounted for 69 percent of all oil and natural gas wells drilled in the United States, and 83 percent of the total linear footage drilled, in 2016, the […]
Natural Gas News – January 30, 2018 Tanker Carrying Liquefied Natural Gas From Russia’s Arctic Arrives in Boston The Washington Post reported: A tanker carrying liquefied natural gas from a sanctioned project in Russia’s Arctic has arrived in Boston Harbor, where it will be offloaded for American users. The giant tanker is carrying the first […]
Oil prices fell yesterday as some market participants took their profits and left the market. The slowdown is not necessarily a reversal; it could be merely a pause in crude’s run higher. After falling yesterday, prices are continuing to trend lower. So far, WTI crude oil is down 69 cents (1.1%), trading at $64.87. Refined […]
From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm and before many refineries returned to pre-storm levels of utilization. In October 2017, crude oil exports from the United States reached a monthly record of more […]
Markets closed the week strong on Friday, with crude oil rising by almost a full dollar. Across the board, oil products hit new three-year highs. Today, crude prices have given up most of the gains. After opening above Friday’s closing price, markets have been steadily falling, giving up 91 cents (-1.4%) to trade at $65.23. […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Keystone Pipeline is Doable Even with New Route According to TransCanada’s CEO, the Keystone XL Pipeline is feasible, though it could cost an additional $80 million. Nebraska regulators approved Keystone XL a little while back, […]
Natural Gas News – January 29, 2018 With More Frigid Weather Forecast, Northeast February Prices Jump by $2-Plus Natural Gas Intelligence reported: The potential for another cold blast in February sent natural gas forward prices for the month up by an average of 51 cents from Jan. 19- 25, with far stronger gains of more […]
A falling dollar is giving support to crude oil prices, which today is once again pushing against new three-year high prices. Yesterday, prices fell slightly, though remained above $65 throughout the day. Today, prices are trending towards higher ground – although prices opened lower than yesterday’s close, prices are currently 9 cents above their closing […]
