Natural Gas News – February 28, 2018 Natural Gas To Become Primacy Source Of Energy In Latin America Oilprice.com reported: On Thursday, February 1, Hon. Alfonso Blanco Bonilla, Executive Secretary of the Latin America Energy Organization (OLADE), presented the energy outlook for 2018 to the 2nd Latin America Energy Forum, organized by the Houston Energy […]
After 3 consecutive trading sessions of mid-day price hikes, crude ended the day yesterday at it’s lowest closing price this week. Comments made by Fed Chairman Jerome Powell about strong economic growth and increasing interest rates strengthened the dollar, sending commodities crashing. In under 2 hours, crude lost $1.05 to close the day at $63.01, […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Fed Chair Powell’s Commentary Sends Oil Prices Lower Powell’s announcement yesterday of strong economic growth and “further gradual increases” in interest rates have increased market odds of four rate increases this year rather than […]
Natural Gas News – February 27, 2018 Shell Warns of Liquefied Natural Gas Shortage as LNG Demand Blows Past Expectations CNBC reported: Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects. The Anglo-Dutch energy giant issued the warning in […]
Yesterday, prices continued the trend of starting the day with stagnant prices, only to jump higher during formal trading hours. WTI crude gained 36 cents yesterday, not a huge leap but enough to maintain the three-day winning streak. This morning, prices are once again trending lower, with crude oil at $63.65, a loss of 26 […]
Natural Gas News – February 26, 2018 Analysts Still Meh on Chesapeake Despite Earnings Bump Forbes reported: Christmas came really late for Chesapeake Energy, whose stock jumped 21.7% on the New York Stock Exchange Thursday to close at $3.20 per share. The reason? Its fourth-quarter earnings came in much better than expected on the back […]
Oil markets continued their rebound on Friday, adding nearly a dollar in gains and bringing full-week gains to $1.78. Markets continue to focus on the drawdown of U.S. crude inventories, a surprising trend given the significant increase in U.S. crude production. OPEC’s cuts are counteracting rising production, and markets are once again putting their focus […]
Natural Gas News – February 23, 2018 Cleaner And Cheaper: The Future of Natural Gas Oilprice.com reported: Natural gas is the bridge fuel of the future that will carry the world until renewables take over. It is much cleaner than coal and oil, and it’s cheap. Natural gas is the best of the fossil fuels. […]
Markets continued the swing higher this week following the correction earlier in February. The last week of January brought a large 6.8 MMbbl crude stock build, causing markets to shudder. February so far has brought only a mild build – two weeks ago, inventories rose 1.8 MMbbls, and yesterday stocks reportedly fell 1.6 MMbbls. The […]
Oil markets care trading flat to slightly lower this morning. Crude prices gained $1.43 yesterday, supported by a bullish EIA report, and closed above $62/bbl for the first time in almost 3 weeks. Today, crude prices are down slightly but remain above $62, with prices down 4 cents (.06%) to trade at $62.73. Fuel prices […]
