Oil prices are declining this morning after trending fairly high last week. Markets appear to be taking some profits off the table – the last time WTI prices were this high, they hit a ceiling near $69/bbl, so some traders are getting out of the market while prices are near this level. Early morning losses […]
Natural Gas News – April 30, 2018 The Top Natural Gas Players in 2018 Dan Steffens reported: Upstream companies that get the majority of their revenues from the sale of natural gas and the associated natural gas liquids have been out of favor for at least three years. However, the “Gassers” that I follow closely […]
Crude prices are very close to where they began the week, hiding big gains seen in fuel prices. This week, markets were focused on rising oil inventories (not including diesel stocks), though the upcoming decision from Trump on the Iran nuclear deal certainly weighed in the back of the mind of every trader. A rising […]
The oil complex is trading flat this morning. Crude made minimal gains yesterday, closing just 16 cent higher. Crude has kept its stagnant position this morning, trading down 25 cents at $67.94. Absent of market moving news today, crude will likely end the week unchanged to slightly lower. Fuel prices are mixed this morning. Both […]
Natural Gas News – April 27, 2018 US Northeast Natural Gas Producers Focus Anew on Drilling Efficiencies as Costs Rise Platts reported: Appalachian Basin natural gas producers EQT and Antero Resources said Thursday they expect greater drilling efficiencies and new midstream infrastructure to boost growth and mitigate the effect of low gas prices and the […]
Prices are tiptoeing higher this morning, following small price increases yesterday. As May 12, the deadline for Trump to extend Iran sanction waivers, approaches, markets are growing anxious and fearful of higher prices. Currently, crude prices are $68.37, up 32 cents since yesterday. After mixes trading results yesterday, both refined fuel products are trending higher […]
Natural Gas News – April 26, 2018 New Natural Gas Catalyst Would Boost Clean Transportation Eurek Alert reported: Thanks to advances in drilling technology, there is enough natural gas in the U.S. to last well into next century and beyond. This has renewed the idea of using inexpensive, domestically produced natural gas as a transportation […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. EPA Announces $40 MM Funding for Diesel Fleet Modernization Yesterday the Environmental Protection Agency announced the availability of $40 million in funding for reducing diesel engine emissions. Fleets in areas with poorer air quality will […]
Prices are trading flat to slightly lower this morning. Crude traded sharply lower yesterday, losing $1.25 to close the day at its lowest price in over a week. This morning, crude remains in negative territory, losing 13 cents to trade at $67.57. The heavy sell-off in the market yesterday followed a press conference with President […]
Natural Gas News – April 25, 2018 EIA: Pennsylvania’s Natural Gas Production Continues to Increase World Oil reported: Pennsylvania’s marketed natural gas production averaged a record 15 Bcfd in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian basin. Pennsylvania accounted for 19% of total U.S. marketed […]
