Natural Gas News – June 29, 2018 Is the Bright Future of U.S. Natural Gas Under Threat? Oil Price reported: This week’s World Gas Conference in Washington hosted a bunch of upbeat natural gas executives and analysts that expect an exceptionally bright future for the bridge fuel of the future, as natural gas is commonly […]
Up…up…and away! That’s the best way to describe oil markets this week, which flipped prices from $68/bbl on Monday to well over $73/bbl this morning. A few key factors went into driving prices back to multi-year highs: Iran sanctions. With America’s withdrawal from the Iran nuclear deal, sanctions are being imposed on international businesses doing […]
Oil markets are mixed this morning following a week of multi-year high prices. After some early morning sell off in the market, crude is now trading mostly flat. Crude prices are down 5 cents to trade at $73.40. Of note, WTI has gained around $4.50 (6.7%) since Monday, reaching its highest level since November 2014. […]
When it comes to market volatility, it’s quite telling that last week’s Thursday headline was “Gasoline Briefly Dips Below $2/gal,” in contrast to this morning’s news. Crude picked up over $2/bbl yesterday, following $1.50 gains the day before, and ended the session at a record $72.76. This morning, prices have cooled somewhat, with crude trading […]
Natural Gas News – June 28, 2018 China To Become Most Influential Player In Natural Gas Markets Oil Price reported: The unprecedented economic development of China created serious environmental problems starting in December 1978 after Deng Xiaoping’s ‘opening up policy’. The Asian country transformed from a developing nation into a powerful state, able to confront […]
Natural Gas News – June 27, 2018 Shell’s Natural Gas Focus Puts Appalachian Assets In Spotlight E & P reported: When it comes to meeting the world’s energy demand, natural gas is playing a pivotal role in the global portfolio of Royal Dutch Shell, and its U.S. Appalachian assets are part of the mix. The […]
Prices push higher across the board as the market remains focused on Iranian sanctions and U.S. inventories. Supported by a constructive API report, crude continued to rally during yesterday’s session closing above $70/bbl for the first time in a month. Crude gained $2.32 before closing Tuesday and has picked up another 65 cents this morning […]
Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment. Oil Ends Love Affair with Trump Big Oil companies – those involved in the production and refining of oil – used to love Trump. He reduced regulations and opened up new drilling areas. As Trump […]
Crude oil is trading higher this morning, along with notable gains in fuel prices. Crude prices gave up 50 cents yesterday, but this morning prices are creeping higher again. WTI crude is currently trading at $68.40, up 32 cents since yesterday. Fuel prices both gave up a few cents yesterday, as traders engaged in profit-taking […]
Natural Gas News – June 26, 2018 What a Summer Scorcher Means for Natural-Gas Prices Wall Street Journal reported: Low supplies of natural gas could lead to higher prices this summer, as Americans begin to flip on their air conditioning units, boosting demand for the energy source. Stockpiles of natural gas—made plentiful by the U.S. […]
