Mid-Week Review

Saudi Aramco says electric vehicles won’t heavily impact oil demand The world’s largest energy company says the electrification of vehicles isn’t anywhere near ready to overtake the traditional engine in the transport sector.  The transport industry accounts for more than half of oil demand and last year Morgan Stanley forecast that by 2025 there could […]

Natural Gas News – March 6, 2019

Natural Gas News – March 6, 2019 Mexico Will Depend On U.S. Natural Gas Despite Energy Sovereignty Push Oil Price reported: Mexico will continue to need U.S. natural gas imports over the next decade, despite efforts by the new Mexican government to reduce dependence on American natural gas, data and analytics company GlobalData said in […]

Libya Reopens 300 Kbpd Oil Field

After a steep sell-off on Friday, oil prices recovered a significant amount of their losses yesterday. This morning, prices are trading flat after giving up some early morning gains. Crude oil prices are trading at $56.51, just pennies away from yesterday’s close. Fuel prices are mixed this morning. Diesel prices are trading at $2.0049, down […]

Natural Gas News – March 5, 2019

Natural Gas News – March 5, 2019 $680 Million Pipeline Gets Green Light to Move Natural Gas From Oklahoma to Gulf Coast Houston Chronicle reported: A pipeline to move natural gas from Oklahoma to destinations along the Gulf Coast and southeastern United States got the green light from federal regulators and $680 million in financing […]

Winter Storm Scott Shuts Down Northeast

After prices plummeted Friday without a clear catalyst, oil is trading higher this morning. Crude is trading at $56.63, up 83 cents. Fuel is also trading higher today with diesel trading at $2.0214, up 2 cents.  Gasoline prices are also higher in morning trading at $1.7530, up 2.3 cents. Prices this morning are getting support […]

Natural Gas News – March 4, 2019

Natural Gas News – March 4, 2019 Lithuania To Ask Belarus To Switch Nuclear Plant To Gas Reuters reported: Lithuanian prime minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland. The nearly […]

Midwest Kerosene Shortage impacts Diesel Users

Oil prices are ebbing lower this morning after strong price activity yesterday. Markets appear to be taking profits off the table once again, as those who bought the dip earlier this week exit the market. Crude oil is currently trading at $56.28, down 94 cents (-1.6%) from yesterday’s close. Fuel prices are losing steam, with […]

Natural Gas News – March 1, 2019

Natural Gas News – March 1, 2019 ExxonMobil Makes Natural Gas Discovery Offshore Cyprus Oil and Gas Journal reported : ExxonMobil Corp. announced a natural gas discovery offshore Cyprus in the Eastern Mediterranean on Block 10. The Glaucus-1 well cut 436 ft of reservoir rock. Evaluation of the potential of Block 10 continues. The well […]

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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