Oil prices are turning higher this morning thanks to supportive news from OPEC, following yesterday’s moderate gains. Crude oil is currently trading at $63.89, up a meager 39 cents (0.6%). Fuel prices are trending higher as well, with gains outpacing crude thanks to uncertainty regarding European refineries reliant on a contaminated pipeline from Russia that […]
Natural Gas News – May 1, 2019 Exxon, Chevron Leading The Permian Oil And Natural Gas Surge Forbes reported: The Permian shale play in West Texas continues to see growth in oil and gas production, surging past all pessimism and expectations. This month, the Permian will account for ~35% of U.S. crude production and ~17% […]
Friday saw oil prices retreat from the bull run that pushed prices to new 2019 highs, and this morning prices remain weaker. Trump’s tweet that he was personally lobbying OPEC to increase output seemed to rattle the market, though losses have cooled this morning. Crude oil is trading at $63.03 a loss of 27 cents. […]
Natural Gas News – April 30, 2019 Chile Lifts Coal Imports, But Limited By Rising Natural Gas Supplies S&P Global reported: Chile’s coal imports jumped over 40% in February to over 1.3 million mt, a report from the National Energy Commission showed Monday. Chilean power generators have sharply increased imports of thermal coal to make […]
Oil is trading much lower this morning amid profit-taking and OPEC production claims. Yesterday Brent WTI crude hit $75/bbl for the first time since October, likely triggering some investors’ exit from the market to lock in profits. This morning, WTI crude is trading at $63.00, down $2.21. Fuel prices are taking a heavy hit as […]
As of Friday’s open, the Crude Market was up, but in early trading Friday morning, the market is giving back its gains and more. The week started off with bullish news as US officials gave word that all waivers on purchases of Iranian crude would be discontinued, which will cut Iran’s meager 1 MMbpd stream […]
Despite possible Avengers strikes on Nigerian oil pipelines and Druzbha Pipeline contamination, oil prices are trading steady to lower today. WTI crude is currently trading at $65.78, down a few cents from yesterday’s close. Fuel prices, on the other hand, are trading slightly higher this afternoon. Diesel prices are currently $2.1024, up 0.4 cents. Gasoline […]
Natural Gas News – April 26, 2019 The Next Frontier for Demand Response: Natural Gas Tech Media reported : This year’s polar vortex in the Midwest and Northeast strained our grid systems and compelled many utilities in the regions to ask customers to conserve energy. These extreme weather events tend to focus our collective attention […]
Natural Gas News – April 25, 2019 Pipeline Closure Will Force Southern Utah Company to Flare Its Natural Gas, Costing It Revenue and Polluting The Air The Salt Lake Tribune reported: Across Utah, many oil wells produce natural gas that can’t get to market because the infrastructure is not in place to gather it. This […]
The oil complex is heading moderately lower after bearish API and EIA inventory reports. Crude closed at a new annual high yesterday of $66.30, but today prices are back below the $66 level. Crude is currently trading at $65.82, down 48 cents since yesterday’s close. Fuel prices are also turning lower after setting new 2019 […]
