Natural Gas News – February 22, 2018

Natural Gas News – February 22, 2018 EQT, The Biggest US Natural Gas Producer, is Spinning Off Its Pipeline Business CNBC reported: EQT, the nation’s biggest natural gas producer, will spin off its pipeline business into a new publicly traded company, the Pittsburgh-based driller announced Wednesday. The transaction represents something of a consolation prize to […]

Today’s Market Trend

Crude prices are flat/higher today after hardly moving yesterday. The API’s report of a small stock draw helped pull the market out of some early losses, but prices were unable to rise higher. Today, crude oil is currently up 26 cents, trading at $61.94. While crude oil only gained 5 cents/bbl yesterday, refined fuels had […]

The OPEC Gossip Continues while Compliance Reaches a Record High

After a day of moderate gains yesterday after OPEC’s comments provided some strength to the market, prices are lower across-the-board this morning. Crude oil gained 27 cents during yesterday’s trading session, closing the day higher at $61.90. However, crude gave up those gains and more this morning, opening 46 cent (.74%) lower, and is currently […]

Weekly Snapshot

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.    OPEC Searches for New Cuts Criterion When OPEC first passed their production cuts in 2016, their goal was to return inventories to 5-year averages. They’ve nearly achieved this goal, but prices are less stable […]

Natural Gas News – February 21, 2018

Natural Gas News – February 21, 2018 Industry Professionals ‘Confident About Future of Gas’ Energy Live News reported: Most oil and gas professionals are confident about the role of natural gas up to 2050. That’s according to a new report published by the Energy Institute, which explores the opinions of almost 200 industry leaders towards […]

Natural Gas News – February 20, 2018

Natural Gas News – February 20, 2018 Natural Gas Price Fundamental Daily Forecast – Rally Trying to Gain Traction Over $2.661 FX Empire reported: Natural gas prices are moving higher early Tuesday after taking out the high of its six-day range earlier in the session. The price action suggests we could be witnessing a relief […]

As Prices Rise, OPEC Considers New Target for Production Cuts

Markets continued Friday’s momentum yesterday as Presidents Day kept trading volumes low. Markets trended slightly upward, though clear price direction was hard to determine during the market holiday. On Friday prices closed at $61.68 – today they are 31 cents (0.5%) higher, trading at $61.99. Refined fuels are also trading at their highest levels since […]

Today’s Market Trend

Happy Presidents Day! NYMEX markets are closed today in observation of the holiday, so fuel prices comes from Globex 24-hr pricing data. Oil markets are continuing their rebound, following a price correction that lowered prices by $7/bbl. Since falling to a low of $58.20 last week, oil prices opened this morning at $61.63, an overall […]

Natural Gas News – February 19, 2018

Natural Gas News – February 19, 2018 TransCanada to Move Ahead with $1.9bn NGTL Pipeline Expansion Project Energy Business Review reported: TransCanada has decided to proceed with the C$2.4bn ($1.9bn) expansion of its NOVA Gas Transmission (NGTL) system in Alberta, Canada to help increase market access for suppliers in Western Canadian Sedimentary Basin (WCSB). TransCanada’s […]

Natural Gas News – February 16, 2018

Natural Gas News – February 16, 2018 West Virginia House Votes to Boost Natural Gas Drilling Idaho Statesman reported: he West Virginia House voted 60-40 on Thursday to allow drilling for natural gas beneath property where 75 percent of owners of its royalty interests agree. Supporters said the bill enables a supermajority of a property’s […]

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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