EIA Releases Annual Energy Outlook

EIA’s Annual Energy Outlook 2018 (AEO2018), released this morning, includes projections of U.S. energy markets through 2050 based on a Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of U.S. shale and tight oil and natural gas resources paired with modest energy consumption growth, leading to the transition of the […]

Today’s Market Trend

Oil markets are falling this morning, continuing Friday’s declines. Brent-WTI spreads are narrowing as Brent prices plummet relative to U.S. WTI prices – spreads fell as low as $2.80 this morning, the lowest point since August 2017. Crude prices this morning are currently $65.04, 41 cents (-0.6%) lower than Friday’s closing price. Fuel prices are […]

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. Mansfield Acquires Hi-Grade, Inc. Oil and Lubricants Business Assets Mansfield Energy Corp, announced on Friday the acquisition of Ohio-based Hi-Grade, Inc.’s oil and lubricants business assets. In addition to the residential and commercial fuel and […]

Today’s Market Trend

Happy Groundhog Day! Punxsutawney Phil has spoken, and it looks like we’re all in for another six weeks of ColdPRO Winter Additive in our fuel. Markets in the north certainly got a taste of that this week, with temperatures dropping into the negatives overnight in a few midwestern markets. Markets are trending lower this morning […]

Week in Review

Markets struggled to regain ground lost in the middle of the week, with prices opening at $66.18, following as low as $63.67 on Wednesday, and surging back to over $66 again in early morning trading. After profit-taking early in the week, reported fuel stock draws helped to send the market higher, despite the first inventory […]

Natural Gas News – February 2, 2018

Natural Gas News – February 2, 2018 South Africa Could Turn into Major Market for US Natural Gas Washington Examiner reported: The Paris climate deal could turn South Africa into a major market for U.S. natural gas. South Africa, the largest producer of greenhouse gas emissions on the African continent, is undergoing an energy transition […]

Today’s Market Trend

Despite falling crude inventories, prices shot higher yesterday. After starting well below Tuesday’s closing price, Wednesday’s prices gained 70 cents. Today, crude prices are continuing to rise, adding 69 cents (1.1%) and trading at $65.42. Refined products are rising along with crude. Diesel prices ended yesterday just shy of Tuesday’s closing price, but today prices […]

U.S. Monthly Crude Production Exceeds 10 MMbpd, Highest Since 1970

U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA’s latest Petroleum Supply Monthly. November’s production is the first time since 1970 that monthly U.S. production levels surpassed 10 million b/d and the second-highest U.S. monthly oil production value ever, just below the November 1970 production value of […]

Natural Gas News – February 1, 2018

Natural Gas News – February 1, 2018 First Natural Gas Export Terminal Opens on East Coast Tribe Live reported: Washington Examiner reported: Dominion Energy opened the first natural gas export terminal on the East Coast the day after President Trump touted energy exports as a national priority in his State of the Union speech Tuesday […]

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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