For the first time in a while, oil prices did not fall lower this week, though that speaks more to the extremely weak opening price than to any market strength. The trade has tested a rally a few times this week, but prices seem to stick around $52 before sinking back to $50. That up-and-down […]
After moving higher in early morning trading, oil prices are back down once again, hovering just above $50 threshold after a brief stint into the $49 range this morning. Currently WTI crude is trading at $51.19, down 26 cents since yesterday. Fuel prices are trading relatively flat this today, with diesel pushing new lows thanks […]
Natural Gas News – November 30, 2018 Tighter Supplies Push Natural Gas Prices Higher U.S. natural gas exports to Mexico hit a new record amid sagging production south of the border. Mexico imported about 6 billion cubic feet of natural per day from the United States in August, the U.S. Energy Information Administration reported late […]
Oil prices keep testing the $50 price level, with prices this morning even briefly dropping below. But short covering and bargain buyers immediately prop the price back up above $50, revealing what seems to be a price floor. This morning crude oil is trading at $51.74, up $1.45 (2.9%) from yesterday’s close. Fuel prices also […]
Natural Gas News – November 29, 2018 Russia Outmaneuvers U.S. LNG Oil Price reported: For years, boosters of U.S. LNG have trumpeted the fact that gas exports from the Gulf of Mexico could break Russia’s grip on the European energy market. That has yet to be the case, and in fact, Russia has managed to […]
Nat Gas News – November 28, 2018 North Dakota OKs Processing Plant Expansion in Effort to Reduce Natural Gas Flaring S&P Global reported: The North Dakota Public Utilities Commission approved a 150 MMcf/d expansion to Kinder Morgan’s Roosevelt gas processing plant in McKenzie County, increasing the total of significant new plants or expansions under construction […]
Oil prices fluctuated between meager gains and steep losses yesterday, settling within a few cents of Monday’s closing price. So far, WTI has not broken below $50 during intra-day trading, although it’s come quite close. This morning, crude is trading slightly lower at $51.18, down 38 cents. Fuel is trading lower as well this morning […]
Yesterday’s uptick in prices was the largest gain oil markets have seen in months, but still only added $1.20 after prices lost some $6/bbl last week alone. The rally yesterday was likely short-covering after the long decline, though whether the market has bottomed out is anyone’s guess. Crude oil saw some early morning gains, but […]
Nat Gas News – November 27, 2018 Get Your Natural Gas in Texas for 25 Cents, If You Can Reuters reported: Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in Texas tumbled almost 80 percent to their lowest on record because of limits on the amount of gas that […]
Nat Gas News – November 26, 2018 Gazprom Export to Hold First ESP Natural Gas Auction for Jan 2019 Delivery S&P Global reported: Russia’s Gazprom Export is to hold an auction Monday on its Electronic Sales Platform (ESP) for natural gas delivery in January 2019 to the German Gaspool hub, according to an update on […]
