Natural Gas News – May 31, 2018 Pioneering Zero-Emission Natural Gas Power Cycle Achieves First-Fire Power Magazine reported: First-fire has been achieved at NET Power’s supercritical carbon dioxide (sCO₂) power plant—a test facility in La Porte, Texas, to demonstrate the potentially revolutionary natural gas–fueled Allam Cycle. The project is designed to produce low-cost electricity from […]
Oil prices are down this morning, following a slightly bearish API report yesterday. Crude rallied during yesterday’s session, closing the day $1.36 higher. This morning, oil prices are retracing its gains, losing 74 cents to trade at $67.47 currently. Fuel prices are mixed this morning. Both products made steady gains Wednesday, with gasoline closing 3.45 […]
Natural Gas News – May 30, 2018 New Jersey Natural Gas Files to Decrease Rates for the 2018-2019 Winter Heating Season Business Wire reported: New Jersey Natural Gas (NJNG), the regulated subsidiary of New Jersey Resources (NYSE:NJR), today submitted its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) filing to the New […]
Prices are moving higher this morning after two days of major sell-off. Crude traded down during yesterday’s session, closing the day 82 cents lower. This morning, oil prices have gained 39 cents to trade at $67.12 currently. Fuel prices are also showing gains this morning, tracking crude higher. Both products saw losses on Monday with diesel ending the day 1.41 […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Oil Holds near $67 as Market Tumult Subsides after OPEC Worries Market turmoil has weighed on oil, erasing all of the gains in WTI crude prices this month as the prospect of rising production from […]
The oil complex continues to move lower this morning following a week of heavy losses. Chatter surrounding the potential for OPEC and Russia to increase its production by 1mmbpd spurred a major sell-off in the market. Crude oil ended the week down by $4.65 from its opening price on Monday at $67.88. This morning, prices […]
Natural Gas News – May 29, 2018 China’s Residential Natural Gas Price Hike to Ease Pressure on Upstream Producers, LNG Importers Platts reported: China’s National Development and Reform Commission has announced plans to harmonize residential and industrial city-gate gas prices, as part of a push towards market liberalization that could see residential gas prices rise […]
*FUELSNews will resume on Tuesday, May 29thafter Memorial Day. The energy complex is trading sharply lower this morning. Crude lost over a dollar yesterday due to a bearish EIA reporting a large build in crude inventories and OPEC chatter. Crude prices are continuing to trade lower this morning, down another $1.59 (2.25%) at $69.12. This […]
This week, oil prices have trended negatively, with traders shedding their positions following a bearish inventory report. Crude inventories rose by over 5 million barrels the week before Labor Day, when prices are historically reaching their peak. It’s an unusual dynamic, but then again prices have been unusual this year compared to the last few […]
Natural Gas News – May 25, 2018 EIA: U.S. Remains the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons World Oil reported: The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2017, reaching a record high. The United States has been the world’s top producer of natural gas […]
