Natural Gas News – March 30, 2018 Oil-Rich Permian Basin has a Texas-Sized Natural Gas Problem Dallas News reported: America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any […]
Natural Gas News – March 29, 2018 Why Natural Gas Prices Will Rise This Summer Oilprice.com reported: Record production of natural gas is snuffing out any price rally that might have occurred from the bout of cold weather this winter. The gas market saw a jolt at the end of December and in early January […]
Editor’s Note: Markets will be closed tomorrow in observation of Good Friday. FUELSNews will resume publication on Monday. Crude fell by just short of a dollar yesterday, propelled by EIA data that left much to be desired from fuel demand. Crude oil plummeted below $64 before recovering, bringing the trade to $64.38 by the end […]
Crude oil weakened yesterday following a bearish API report. The Crown Prince of Saudi Arabia commented that OPEC is seeking supply cooperation with Russia and other non-OPEC countries for 10-20 years. The comments boosted prices mid-morning, but they could not hold their strength throughout the day. Prices traded down 30 cents overall to settle at […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Trump, Bolton, and Pompeo Pushed Oil Higher With the appointment of Bolton and Pompeo to positions of security leadership, markets expect the Iran Nuclear Deal is all but dead. If the deal fails, the […]
Natural Gas News – March 28, 2018 Natural gas: An Underrated Driver of Saudi Hostility Towards Iran and Qatar Therealnews.com reported: Debilitating hostility between Saudi Arabia and Iran is about lots of things, not least who will have the upper hand in a swath of land stretching from Central Asia to the Atlantic coast of […]
Markets traded mostly flat yesterday, giving up slight losses in the morning before remaining unchanged. Markets are lacking any particular news to drive prices in either direction, so focus today will be on the API’s inventory report this afternoon. Crude prices are holding around $65.53, virtually unchanged from yesterday’s close. Fuel prices showed mixed results […]
Natural Gas News – March 27, 2018 Britain’s Emissions Dropped By Switching From Coal To Natural Gas ChemInfo reported: Britain’s emissions dropped by six per cent in 2016 by switching from coal to natural gas a new study from the University of Sheffield has revealed. The collaborative study by Dr Grant Wilson from the Department […]
After losing ground on Thursday, prices picked up some notable gains on Friday, WTI crude prices up $1.50 (2.5%) relative to the previous day. Prices closed at $65.88. Today, prices have lost a bit of ground, though the overall sentiment appears friendly towards prices remaining high. Crude prices this morning are down 38 cents, trading […]
Natural Gas News – March 26, 2018 Demand for Natural Gas is Surging, but Glut Remains US News and World Report reported: China and a dozen smaller natural gas markets around the world are spurring the fastest growth in demand for natural gas in more than seven years, but a global glut is expected to […]
