Natural Gas News – July 31, 2018 $40 Billion LNG Project Finally Starts Up Oil Price reported: Japan’s largest exploration and production company, Inpex, said on Monday that it had started producing gas at the Ichthys liquefied natural gas (LNG) project, which has cost US$40 billion and has faced delays in its development. Inpex, the […]
The oil complex is moving lower this morning retracting some of yesterday’s gains. Crude rose over a dollar yesterday pushing just over the $70 mark to close the day. This morning, crude is trading back below $70, down 92 cents at $69.21. Fuel prices are also making their way to lower ground following crudes downward […]
IMO 2020 is upcoming legislation that impacts marine transportation, however its indirect impact is forecasted to extend to U.S. ground fleets that are likely to experience tighter low-sulfur diesel supply and higher prices. There’s a huge change coming for oil. No, it’s not electric vehicles or CNG. This change is more obvious, more immediate – […]
Markets are gathering steam following robust economic data in the US. Prices closed Friday lower, but saw growth over the weekend leading to today’s opening price of $69.01. This morning, WTI crude is trading at $70.20, a gain of $1.51 (2.2%) compared to Friday’s close. Fuel prices are riding higher as well, though gains are […]
Natural Gas News – July 30, 2018 Daily Oil, Natural Gas Production in Texas Grows in May 2018 Kallanish Energy reported: The Railroad Commission of Texas reported that initial May 2018 production totaled 87,665,663 barrels of crude oil and 597,820,360,000 cubic feet of natural gas from oil and gas wells. Those are preliminary figures and […]
The oil complex is showing mixed results this morning. Prices made some upward movement yesterday following constructive inventory data and an attack in the Middle East. This morning, crude prices are taking a bit of a breather, trading down 13 cents at $69.48 currently. On the other hand, fuel prices are trading in positive territory with […]
Natural Gas News – July 27, 2018 EU and U.S. Pledge to Boost Natural Gas Trade Oil Price reported: In a breakthrough in EU-U.S. trade talks, President Trump and European Commission (EC) President Jean-Claude Juncker agreed yesterday in a meeting at the White House to suspend new trade tariffs while negotiating over trade. Both Trump […]
Natural Gas News – July 26, 2018 Europe will import more US natural gas, Trump and Juncker say after meeting CNBC reported: The United States and the European Union have agreed to work towards boosting natural gas trade, an issue that President Donald Trump pressed forcefully at this month’s NATO meeting in Brussels. Shipping more U.S. […]
Did you miss it? Yesterday, Mansfield hosted our second quarterly market update webinar. We tackled issues including whether Trump can lower prices, where prices are going in Q3 and beyond, and discussed regional trends that could impact your local fuel prices. If you missed it yesterday, don’t miss it today. Click below to tune in. Watch […]
Natural Gas News – July 25, 2018 Oil Majors Are Stepping Up Their Natural Gas Game Forbes reported: Some of the world’s biggest oil and gas companies are turning to the latter hydrocarbon in order to top up their earnings, according to new research. Energy consultancy Wood Mackenzie reckons many major players are pumping more […]
