Venezuela Sanctions Back on the Table

Oil prices are trading flattish this morning after a variety of news items are battling it out to influence prices in both directions. Crude ended Friday almost a dollar higher, but since then it’s been slow going. WTI Crude prices are currently $68.72, dancing above and below Friday’s closing price without clear convictions either way. […]

Natural Gas News – August 27, 2018

Natural Gas News – August 27, 2018 Europe’s Natural Gas Prices Surge to Record for Summer Season Oil Price reported: Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected summer demand and a tighter market drive natural gas price futures to levels last seen during this past winter’s supply […]

Week in Review

We’ve seen a general pattern lately of prices rising slowly for a while, then quickly falling. This week was a rising week, a reversal from last week’s large drop. Last week’s opening price was $67.78, in line with today’s opening price for crude. The up-down-up pattern has left markets wondering what’s next for oil – […]

“Head and Shoulders” Over the Market

Oil prices are up significantly this morning on news that US-China trade talks have been “constructive, candid” according to a Chinese delegation. After trading flat yesterday, crude is up to $69.02 this morning, a gain of $1.19 (1.8%). Fuel prices are also floating higher. Diesel prices are $2.2099, a gain of 3.5 cents (1.6%). Gasoline […]

Natural Gas News – August 24, 2018

Natural Gas News – August 24, 2018 SandRidge Commissions Colorado Natural Gas Plant as Executives Ponder Company’s Future NewsOK reported: SandRidge Energy Inc. has commissioned a new natural gas processing plant in Colorado to support development in the area while the company’s strategic review process continues, executives said Thursday. Dallas-based Advantage Midstream LLC agreed to […]

Crude Stock Draw Pushes Prices Higher

Crude oil has been trading flat this morning following a strong rally yesterday. Prices began yesterday with some early morning losses, but picked up over a dollar following the release of the EIA’s weekly data. Today crude prices are $67.86, the same price it closed at yesterday. Fuel prices are mixed as the market catches […]

Natural Gas News – August 23, 2018

Natural Gas News – August 23, 2018 New Pipelines to Boost U.S. Natural Gas Exports to Mexico Chron reported: U.S. natural gas exports to Mexico by pipeline are expected to jump in the coming months as several long-awaited projects are placed into service to feed growing demand across the border and potentially ease bottlenecks in […]

Natural Gas News – August 22, 2018

Natural Gas News – August 22, 2018 Canada’s Ultra-Cheap Natural Gas Drives Hopes of Petrochemical Boom Reuters reported: Canada’s gas-rich province of Alberta is looking to recreate the building boom spreading along the U.S. Gulf Coast, where inexpensive natural gas generated billions of dollars in investment by petrochemical companies. The adoption by drillers of fracking […]

Inventories and the Dollar

The oil complex is heading higher this morning supported by large draws in crude stocks reported by the API. Crude traded higher during yesterday’s session, closing the day up 73 cents. However, crude saw some after-hours losses due to the September contract expiring and the October contract taking the stage. This morning, crude is continuing […]

Natural Gas News – August 21, 2018

Natural Gas News – August 21, 2018 Midcoast Energy Proposes New Natural Gas Pipeline to Serve US Gulf Coast S&P Global reported: Private equity backed Midcoast Energy began soliciting shippers Monday for a new natural gas pipeline that will boost its ability to move supplies to the Houston Ship Channel and US Gulf Coast markets. […]

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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