Natural Gas News – April 24, 2018

Natural Gas News – April 24, 2018 NIPSCO Reaches Deal for 15 Percent Natural Gas Rate Increase Seattle Times reported: The natural gas utility company for most of northern Indiana could increase its rates by about 15 percent under a deal it has reached with the state consumer advocate’s office. The proposed increase for Merrillville-based […]

The Best Cure for High Prices?

Oil prices ended Monday higher despite the fundamentals working against it. The dollar rose, while equities fell, both generally predictive of weaker oil prices. Oil began with some morning losses, but recovered to end the session up by almost 30 cents. Today, crude prices are still trading in positive territory, picking up 17 cents to […]

Price Weakness Following Dollar’s Rise

Crude oil ended the day on Friday mostly unchanged, while fuel prices managed to eke out some small gains. Today, oil prices are trending sharply lower thanks to a strengthening US dollar. Oil prices are currently trading at $67.82, a loss of 58 cents (0.8%) since Friday’s close. Fuel prices are mixed this morning. Diesel […]

Natural Gas News – April 23, 2018

Natural Gas News – April 23, 2018 Natural Gas Prices in Mexico Fall 14% in March to New Low of $3.88/MMBtu Platts reported: Natural gas prices across Mexico decreased by 14.4% in March from February levels to $3.88/ MMBtu (Peso 68.85/GJ), the lowest level for the index since the country’s Energy Regulatory Commission (CRE) began […]

Natural Gas News – April 20, 2018

Natural Gas News – April 20, 2018 NYMEX May Gas Declines to $2.686/MMBtu Despite Storage Pull Platts reported: The NYMEX May natural gas contract dropped in morning trading Thursday despite the release of a larger-than-expected pull from national storage stocks. As of 12:11 pm EDT (1611 GMT), the May contract was trading at $2.686/MMBtu, down […]

Week in Review

What a week it’s been for prices! Crude prices soared this week, reaching new three-year gains as WTI crude prices approached $70/bbl. The catalyst for these higher prices was Wednesday’s oil market data, which showed across-the-board inventory draws and record high gasoline demand. The second factor is particularly notable, since we’re still a couple months […]

Markets Continue Steady Push Higher

The last time WTI traded above $70/bbl was in November 2014, three and a half years ago. With trading this morning peaking as high as $69.50, this landmark seems imminently achievable. Crude price gains fell just shy of $2/bbl yesterday, thanks to a strongly bullish EIA report. Today, crude prices are trading firmly higher at […]

Natural Gas News – April 19, 2018

Natural Gas News – April 19, 2018 Shale Boom Creates New Petrochemical Hub Oil Price reported: The record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well, as manufacturers will continue to enjoy low-cost feedstock for […]

Weekly Snapshot

5 Reasons Oil Prices Could Move Even Higher Last week, Credit Suisse raised their WTI crude forecast by $10/bbl for 2018. Although the market has been pulling back over the past could days, overall fundamentals continue to point towards higher prices. Putting aside tensions over Syria, there are numerous other conflicts and supply/demand trends that […]

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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