Natural Gas News – August 31, 2018 New Study Shows Natural Gas Engine Can Dramatically Reduce Smog from Heavy-Duty Trucks Marketwatch reported: The University of California, Riverside College of Engineering Center for Environmental Research and Technology (CECERT) and Southern California Gas Co. (SoCalGas) today announced the results of a new study on ultra-low emission natural […]
This past week was defined by the across-the-board stock draws showed by the EIA, as well as surprisingly high gasoline and jet fuel demand. Those factors combined to give oil prices a strong positive boost, bringing us close to the $72/bbl resistance threshold we’ve mentioned a couple times in the news. On the economic front, […]
Oil rose above $70 yesterday and managed to sustain that level at closing time, the first time since July that prices closed about $70. That price level is being tested this morning, with prices dancing above and below the $70 line. Crude oil is currently trading at $70.01, a loss of 24 cents. Fuel prices […]
Crude oil is continuing its rise after picking up a dollar yesterday. The EIA’s across-the-board draw helped bring prices to the black, causing the petroleum complex to move higher. This morning, crude oil is trading at $69.95, a gain of 44 cents. Fuel prices also notched some gains yesterday, with diesel rising by over 3 […]
Natural Gas News – August 30, 2018 Oil, Natural Gas Production Increases in Utica Shale The Business Journal reported: Two horizontal wells in Columbiana County yielded significant production during the second quarter of 2018, as oil and gas exploration in this part of the Utica shale continues to ramp up. According to production data on […]
Oil prices are higher this morning as the market’s focus shifts to declining Iranian exports. Crude traded over $69 during yesterday’s session before retracting all of those gains and closing the day 40 cents lower. This morning, crude is making some upward movement, gaining 53 cents to trade at $69.06. Fuel prices have also made […]
Melting Arctic a Boon for Energy Trade Melting ice caps may not be all bad. As the Arctic Circle becomes more navigable, more ships are able to travail the region, taking less time than icebreakers to deliver their products. Still, environmentalists worry that more ships passing through the region could emit more black carbon, causing […]
Natural Gas News – August 29, 2018 Three Regions Account for Half of U.S. Natural Gas Production Chron reported: Three regions are driving the growth of U.S. natural gas production as the Gulf of Mexico claims a smaller share of the total. The U.S. Energy Department reported that the Appalachian Basin in the Northeast, the […]
Natural Gas News – August 28, 2018 India’s Biggest Gas Utility is Opening Up Its Pipeline Network Bloomberg reported: India’s largest natural gas pipeline operator has invited users to book surplus network capacity online as the country prepares to create a distribution hub that sets benchmark prices. State-run GAIL India Ltd., which controls 70 percent […]
Markets struggled yesterday to find clear meaning in all the news lately and prices subsequently remained roughly flat throughout the day. After a small early morning dip, prices trotted higher again to close just 15 cents above Friday’s close. This morning, crude oil remains at $68.94, rising a small 7 cents since yesterday. Markets were […]
