I’m including last week’s review again with an update, because it’s a helpful way of summarizing the recent price changes: Many of the declines lately have shown a similar pattern – breech a key psychological barrier, then quickly fall to the next: October 17 – Prices drop below $70. Fell to $65 two weeks later. […]
Happy New Years! FUELSNews will resume publications on Wednesday, January 2. Have a Safe and Happy Holidays! WTI crude is trading quietly this following, not treading far from Thursday’s close. Crude is currently trading at $45.28, up 67 cents (1.5%) from yesterday’s close. Fuel prices are mixed this afternoon following the EIA’s report. Diesel prices […]
Markets rebounded from the holiday plunge, gaining over $3.50/bbl while the stock markets roared upwards as well. This morning, though, those gains are struggling to hold on. Crude is currently trading at $45.15, hovering near the $45/bbl level after shedding $1.07. Fuel prices are also lower after hefty gains yesterday. Diesel prices gained 7 cents […]
Under New Management — Russia Now Runs OPEC At the December OPEC meeting in Vienna, Saudi Arabia was unable to convince OPEC members to agree to a deal on supply cuts on the first day of meetings. Some members felt the Kingdom should bear the brunt of the cuts since they had increased their production […]
On Monday during holiday trading, oil broke through the $45 threshold and quickly fell as low as $42.50. Once again, the quick action felt more technical than fundamental, as not much “new” occurred over the holiday weekend to justify a 6% sell-off. Crude is currently rallying this morning, up $1.71 to $44.24. After setting new […]
This week oil prices crossed a boundary few expected, with prices on Monday closing below $50, setting the tone for a rapid drop to $45. Many of the declines lately have shown a similar pattern – breech a key psychological barrier, then quickly fall to the next: October 17 – Prices drop below $70. Fell […]
Merry Christmas! FUELSNews will resume publications on Wednesday, December 26. Have a Safe and Happy Holidays! WTI crude prices are back down to trading just above the $45 threshold as markets head into the holiday weekend after another round of bearish stock market performance. The Dow Jones Industrial Average has fallen to its lowest point […]
Natural Gas News – December 21, 2018 Major LNG Shortage Increasingly Likely Oil Price reported: Liquefied natural gas (LNG) buyers’ willingness to commit to new long-term contracts has increased significantly during 2018 amid expectations of a tighter LNG market. Looking ahead to 2025, Rystad Energy argues a major shortage of liquefied natural gas is looking […]
Natural Gas News – December 20, 2018 Poland’s Goal of Ditching Russian Natural Gas Bolsters American LNG and Trump’s Energy Agenda CNBC reported: Poland took another step towards weening itself off Russian energy supplies on Wednesday by signing a 20-year agreement with San Diegobased Sempra Energy to import U.S. liquefied natural gas. The signing marks […]
After rallying a dollar yesterday, prices reversed overnight as weakness in the stock market bled over to commodities. Crude prices are trading at $46.76, down $1.41. Fuel prices are lower this morning, giving back their gains from yesterday when diesel and gasoline prices rose. Diesel prices are trading at $1.7831 this morning, down 2.2 cents. […]
