Imports Hit Decade Low, US Net Exporter Last Week

Crude oil soared yesterday, carrying fuel prices with it as it posted almost $1.50/bbl gains. This morning, prices are recouping from yesterday’s rally, with oil prices trading roughly flat at $57.12 Fuel prices are also recovering from yesterday’s gains. Diesel is flat to yesterday’s price, trading at $2.0217. Gasoline has edged a bit higher, trading […]

Natural Gas News – February 27, 2019

Natural Gas News – February 27, 2019 Utility To Pay $119.5 Million Settlement After Massive 2015 Natural Gas Leak Ars Technica reported: On Monday, a Los Angeles Superior Court Judge approved a $119.5 million settlement between Southern California Gas (SoCalGas) and the California Air Resources Board (CARB). SoCalGas was responsible for the Aliso Canyon Natural […]

Mid-Week Review

Summary by Wayne Lee Goldman Sachs believes oil prices are about to go on a wild ride in 2019 Brent crude oil could easily rise into the $70-$75 per barrel trading range in the coming months, Goldman Sachs says.  The fundamental supply-and-demand outlook is being bolstered by technical support after oil prices hit three-month highs.  […]

API Shows Large Surprise Crude Draw

Crude oil is making a strong comeback from Monday’s sell-off. While crude oil prices yesterday saw hardly any movement until after-hours trading, fuel prices saw large gains that are continuing today. As we shared yesterday, nothing fundamentally changed on Monday, so traders are once again feeling the pressure to send prices higher. Crude oil is […]

Sticks and Stones

The President’s tweet yesterday caused a ripple effect through oil markets. (It’s a bit scary how normal that sentence sounds now.) Crude oil shed almost $2/bbl, and fuel prices sank by over 5 cents. Crude oil prices are trading at $55.50, roughly flat with yesterday’s closing price. Unlike crude, fuel prices are rebounding from yesterday’s […]

Shuttering Markets in 160 Characters or Less

Imagine if you could alter the course of oil prices with just a few words…actually, 19 words, to be precise. Well, if your name is Donald J. Trump, then you’re just imaging this morning. With a single Tweet, Trump sent oil prices spiraling almost $2/bbl this morning after markets neared 2019 highs. After bottoming out […]

Natural Gas News – February 25, 2019

Natural Gas News – February 25, 2019 1-Fight Against Pollution to Lift LNG Demand -Shell CNBC reported: Global liquefied natural gas (LNG) trade is set to rise 11 percent this year as China leads a global drive to reduce pollution and tackle carbon emissions, Royal Dutch Shell said in an annual LNG report on Monday. […]

Nigeria Election Approaches – Oil Risks

Oil prices began the day on the upswing, but late-morning trading have flipped fuel prices to the red and significantly dampened crude’s gains. We’re just one week away from Trump’s imposed deadline for US-China trade talks, and markets seem to be getting rattled. Crude oil is currently trading at $57.36, up 40 cents since Thursday’s […]

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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