Market Lower Following EIA Data

Markets are trading lower this morning, following yesterday’s small losses. Crude gave up 29 cents yesterday after the EIA’s inventory data was published. Today, prices are falling more rapidly, with crude oil prices currently at $70.64, a loss of $1.20 (-1.7%). Fuel prices are falling in line with crude prices, after mixed trading yesterday. Both […]

Natural Gas News – May 24, 2018

Natural Gas News – May 24, 2018 Exxon to Slash Gas Flaring 25% by 2020 in Emissions Push Bloomberg reported: Exxon Mobil Corp. plans to reduce the amount of natural gas it burns as waste by a quarter within two years to reduce climate-changing emissions, something long demanded by environmental groups and activist investors. Efforts […]

Natural Gas News – May 23, 2018

Natural Gas News – May 23, 2018 Pacific Islanders Want a Bigger Slice of Exxon’s Gas Profits Bloomberg reported: The tiny, impoverished nation of Papua New Guinea came out on the short end of a $19 billion development with Exxon Mobil Corp. to build one of Asia-Pacific’s biggest energy projects. But as the company pushes […]

Budget Thoughts for 2019 and the Minnesota B20 Mandate

The oil complex is down across the board this morning. Crude traded down during yesterday’s trade, closing the day a 40 cents lower. This morning, oil prices continuing to fall, losing 29 cents to trade at $71.91 currently. Fuel prices are also showing loses this morning, tracking crude lower. Product prices moved in opposite directions […]

OPEC Discusses Supply Agreement Changes

Prices continue to march higher across the oil complex this morning. Crude prices ended yesterday 77 cents higher. This morning, crude is holding on to yesterday’s gains and making small upward movements. WTI crude prices are $72.39 currently, an increase of 15 cents. Fuel prices are also rising this morning. Diesel prices gained less than […]

Natural Gas News – May 22, 2018

Natural Gas News – May 22, 2018 U.S. Liquefied Natural Gas Projects Buoyed by China Import Talks Reuters reported: China’s interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities. The White House and […]

Natural Gas News – May 21, 2018

Natural Gas News – May 21, 2018 Thank Goodness for U.S. Natural Gas Exports Forbes reported: A recent article caught my attention and hopefully yours, “Trump’s Iran Move May Kick Worst U.S. Gas Market While It’s Down.” There is indeed logic to the simplified idea: rising oil prices mean rising rig counts and rising oil […]

Rig Counts Data Suggest Future Production Constraints

Oil prices have been a bit slow over the past few trading sessions, with Friday seeing prices dip lower. Today, prices are up again, but not by a large amount. WTI Crude prices are currently $71.60, trading higher by 32 cents. Fuel prices trended slightly lower Friday, with diesel prices giving up 1.5 cents while […]

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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