Nat Gas News – September 28, 2018 NYMEX Nov Natural Gas Futures Soar to $3.057/MMBtu on First Day of Trading on Bullish Injection SP Global reported: The NYMEX November natural gas futures jumped on the first day of trading as the front-month contract Thursday, on a bullish storage report released by the US Energy Information […]
One week closer to November 1 when sanctions are imposed on Iran’s oil production, and markets are starting to take notice. Countries are beginning to fall in line with compliance, fearing the economic woes resulting from continued trade with Iran. While some groups, such as the EU, are searching for workarounds, the sanctions will still […]
Markets didn’t have much news to go on yesterday, so they maintained their upward trajectory. WTI crude picked up just over 50 cents for the day, keeping prices elevated. Crude oil is currently trading at $72.06, down a few pennies since yesterday’s close. Fuel prices are trading higher this morning, though barely so. Diesel is […]
Nat Gas News – September 27, 2018 Independent Expert to Conduct Sweeping Safety Review of Natural Gas Networks in Mass. Boston Globe reported: The Baker administration will hire an independent evaluator to conduct a sweeping safety study of the natural gas distribution networks in Massachusetts, a process that will be financed by the utilities under […]
After mild losses yesterday, oil prices are heading higher this morning as markets continue worrying about Iran sanctions. Crude is currently trading at $72.04, up 47 cents. Fuel prices are also heading higher this morning. Diesel prices are trading near multi-year highs at $2.3086 after picking up 0.9 cents. Gasoline prices are $2.0632, up 0.5 […]
Nat Gas News – September 26, 2018 Columbia Gas Postpones Natural Gas Venting Project Due to Weather NECN reported: Less than a week after announcing restoration plans for the Merrimack Valley, Columbia Gas reported that its natural gas venting project will be postponed until Wednesday due to the weather. Columbia Gas was slated to begin […]
Oil prices set some multi-year highs yesterday afternoon, with Brent closing at $81.20, the first close above $80/bbl since November 2014. Oil markets are feeling the pressure of Iran sanctions, particularly in areas reliant on Middle Eastern oil. While not quite at record highs, WTI did manage to close above $72/bbl for the first time […]
Nat Gas News – September 25, 2018 New Gulf Run Natural Gas Pipeline to Run Through Louisiana to Gulf Coast Daily Energy Insider reported: A new natural gas pipeline from Northern Louisiana to the Gulf Coast is in development by Enable Midstream Partners. The 165-mile Gulf Run Pipeline will connect U.S. natural gas supplies to […]
Oil prices are soaring this morning after OPEC’s lackluster response to tightening oil markets. WTI crude prices have surpassed $72/bbl for the first time since early July, quickly closing in on the annual high closing price just above $74/bbl. This morning, crude prices are trading at $72.21, up $1.43 (2.0%) since Friday’s close. Fuel prices are […]
Nat Gas News – September 24, 2018 Crews To Replace 48-miles of Natural Gas System in 60 Days Engineering News Record reported: Eight days after a massive gas explosion upended Lawrence, Andover and North Andover, Massachusetts, officials announced an ambitious 60-day schedule to replace 48-miles of natural gas pipeline and related infrastructure. Officials said 2,000 […]
