Week in Review

Markets are growing bearish as this year’s refinery maintenance season has thus-far brought larger crude builds than expected, keeping downward pressure on prices. As we noted earlier this week, from June through October last year, US crude stocks increased by 56 million barrels; this year, stocks fell by the 55 million barrels over the same […]

Delays for IMO 2020? Unlikely

Oil prices are finally getting a reprieve this morning after significant losses this week brought crude below $70 for the first time in a month. WTI crude is currently trading at $69.36, picking up 71 cents since yesterday’s close. Fuel prices are also getting a boost this morning. Diesel prices are trading at $2.3113, up […]

Nat Gas News – October 19, 2018

Nat Gas News – October 19, 2018 Liquefied Natural Gas Plant in Providence Gets Federal OK US News reported: Federal regulators have approved construction of a $180 million liquefied natural gas facility on the Providence waterfront. The Providence Journal reports the Federal Energy Regulatory Commission issued the decision late Wednesday. Labor unions and business groups […]

Nat Gas News – October 18, 2018

Nat Gas News – October 18, 2018 Fire Near California Natural Gas Pipeline Forces 4,000 to Evacuate CNN reported: A grass fire was threatening an underground natural gas pipeline Thursday in the San Francisco Bay Area, forcing authorities to evacuate about 4,000 people and close an elementary school for the day. The fire, which started […]

Midterm Elections – What’s at Stake?

Oil prices are trading strongly in negative territory this morning after steep losses yesterday following the EIA’s inventory report. Oil gave up over $2/bbl yesterday amid bearish sentiment – with equities down early this morning, markets are continuing to fret over weakening demand prospects. WTI Crude is currently trading at $68.64, a loss of $1.11 […]

Nat Gas News – October 17, 2018

Nat Gas News – October 17, 2018 NYMEX Nov natural gas futures fluctuate on offsetting temperature forecasts S&P Global Platts reported: The NYMEX November natural gas futures contract fluctuated in morning trading Tuesday, likely due to offsetting US temperature forecasts. As of 11:15 am EDT (1515 GMT), the front-month contract was up 1.8 cents, trading […]

Low Demand, Tight Supply – Traders Unsure

Prices are continuing to hover between $70 and $72 yesterday, unable to make a decisive break higher or lower. While demand reports have been disappointingly low, supply is also tight – leaving traders unsure how to sort out the two. This morning WTI crude is trading slightly below yesterday’s closing price at $71.27, a loss […]

Saudi Tensions Create Market Uncertainty

Markets appear unsure of a clear direction to take, waffling between losses and gains this week. Yesterday saw WTI crude prices dip as low as $70.78 before closing nearly a dollar higher in the afternoon. Today, after some early-morning losses, crude oil is trading 21 cents below yesterday’s closing price, at $71.57. Fuel prices joined […]

Nat Gas News – October 16, 2018

Nat Gas News – October 16, 2018 Natural Gas Jumps on Expectations of Above-Average Cold, with Supplies at Decade Lows CNBC reported: Natural gas prices jumped Monday on report of below-average cold weather expected across the U.S. at a time when gas supplies are at decade lows. Natural gas futures for November rose 2.6 percent, […]

Nat Gas News – October 15, 2018

Nat Gas News – October 15, 2018 Nine Injured in Natural Gas Line Explosion at Chesapeake Home WTKR reported: CHESAPEAKE, Va. – A house burst into flames in the 2500 block of Lofurno Road Sunday evening. Crews were dispatched at 5:44 p.m. after several calls reporting that a house had exploded. Units arrived three minutes […]

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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