Weekly Summary

After giving up a significant portion of their Wednesday gains, oil prices are once again on the upward mend this morning as markets monitor chatter ahead of OPEC’s meeting on Sunday. Crude is currently trading at $71.11, a gain of 79 cents since yesterday’s close. Fuel prices are heading towards higher ground as well, propelled […]

Nat Gas News – September 21, 2018

Nat Gas News – September 21, 2018 Alvopetro Announces Natural Gas Treatment Facility Construction and Operating Agreement Market Watch reported: Alvopetro Energy Ltd. (ALV) announces the award of the contract for the construction of our Natural Gas Treatment Facility (the “Facility”) in the state of Bahia in Northeast Brazil. This facility is the key strategic […]

Refinery Downtimes to Bring Local Price Fluctuations

Following a bullish EIA report that included a Cushing inventory draw, declining crude and gasoline stocks, and a notable gas draw in PADD 1C where Florence hit, WTI crude prices closed above $71/bbl – the highest level since early July. This morning, prices are taking a breather amid profit taking by traders. WTI crude is […]

Nat Gas News – September 20, 2018

Nat Gas News – September 20, 2018 New NIPSCO Natural Gas Rates to Take Effect Beginning October 2018 Market Watch reported: Indiana’s lowest-cost natural gas provider, Northern Indiana Public Service Company LLC (NIPSCO), a unit of NiSource Inc. NI, -1.47% received a decision from the Indiana Utility Regulatory Commission (IURC) to modify its natural gas […]

EIA Data Shows Florence’s Effect on Fuel Fundamentals

After making some big gains yesterday, oil prices are trading mixed. Brent-WTI spreads are shrinking as a fairly large Cushing crude inventory draw is pushing up WTI prices. Currently, crude prices are trading higher thanks to a bullish EIA report, with prices up 84 cents to trade at $70.69. After trading lower early this morning, […]

Nat Gas News – September 19, 2018

Nat Gas News – September 19, 2018 Senators: Natural Gas Pressure was 12 Times Normal Level Before Massachusetts Explosions USA Today reported: The pressure in the natural gas pipelines under three Massachusetts communities spiked to 12 times their normal level last week, just before the explosions and fires that destroyed dozens of homes and killed […]

Nat Gas News – September 18, 2018

Nat Gas News – September 18, 2018 SoCalGas to Offer Renewable Natural Gas at its Fueling Stations for the First Time Market Watch reported: (SoCalGas) today announced it will soon begin using renewable natural gas for the first time at the 25 utility-owned natural gas vehicle fueling stations across its service territory, as well as […]

Tariffs Imposed and Prices are…Up

Oil markets are rising in spite of tariffs imposed on China by President Trump last night – a move widely expected by the market. As oil prices rise, it appears international crude (represented by Brent blend crude) is gaining a further advantage, with the Brent-WTI spread rising to $9.17. That spread will continue promoting exports […]

Storm Update – NC, SC, VA Still Code Red

Oil prices are trending higher this morning as recovery work begins for Hurricane Florence. WTI crude is trailing far behind Brent crude – to the tune of roughly $9 – as Iran sanctions tighten international supplies more than domestic US supplies. WTI crude is currently trading at $68.97, hardly changed since Friday’s close. Unlike crude, […]

Natural Gas News – September 17, 2018

Nat Gas News – September 17, 2018 N.D. Researchers to Study Underground Storage of Natural Gas Bismarck Tribune reported: As North Dakota oil operators struggle to meet natural gas flaring targets, a new research project will explore the possibility of temporarily storing gas in underground rock formations. The North Dakota Industrial Commission approved $140,000 on […]

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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