Natural Gas News – October 29, 2021 Why is Asia paying five times more than America for natural gas? It’s a phenomena rarely seen in commodity markets. As natural gas prices skyrocket across the world, Europe and Asia are paying up to nearly six times more for natural gas than the U.S., as a lack […]
Fuel prices continue tumbling, providing some much-needed relief from the oil rally. After rising nearly 30% in the past two months, traders are finally beginning to see some relief, though major banks have suggested that bullish pressure could last throughout the winter. A confluence of factors, mainly stemming from abroad, are helping to bring the […]
On Monday, we reported that fuel was again setting new price records. Oil markets continued setting new highs, with diesel prices heading towards $2.60, a price not seen since October 2014. It’s worth noting that at no time in diesel market history have prices stayed at $2.60 – prices only pass that level on their […]
Today oil hit a two-week low, a change of pace from the bullish increase oil has seen over the past few weeks. Lower prices this morning come as a result of the fresh negotiations between Iran and major economies regarding nuclear sanctions. Crude opened the morning at $82.25, diesel at $2.5093, and gasoline at $2.4480. […]
Fuel markets are tumbling this morning thanks to a bearish report from the American Petroleum Institute, which showed US fuel inventories rising more than expected. Crude is down by more than $1.50/bbl this morning, while fuel losses are around 5 cents per gallon. The API published their weekly inventory data this week, which helped temper […]
Charts suggest oil prices may peak soon, Cramer says Oil may be near its peak if historical patterns hold true, CNBC’s Jim Cramer said Tuesday. The commodity climbed to new multi-year highs Tuesday amid supply shortages and strong demand. Brent crude futures settled above $86 and U.S. benchmark West Texas Intermediate crude futures settled above $84, each the highest since 2014. […]
Earlier in October, the Energy Information Administration (EIA) published a thorough annual report, its International Energy Outlook. This week, the agency highlighted its forecast for convention vs electric light-duty vehicles (LDVs), noting that they expect the world’s conventional light-duty fleet to peak in 2038. The analysis suggests a substantial increase in EVs following 2030, with […]
Natural Gas News – October 26, 2021 Nat-Gas Surges On Forecasts For Below-Normal U.S. Temps November Nymex natural gas (NGX21) on Monday closed up +0.618 (+11.70%). Nov nat-gas prices on Monday rallied sharply to a 1-week high. Forecasts for below-normal U.S. temperatures the first week of November sparked fund-buying of nat-gas futures on Monday. Also, […]
Oil markets continue setting new highs, with diesel prices heading towards $2.60, a price not seen since October 2014. It’s worth noting that at no time in diesel market history have prices stayed at $2.60 –prices only pass that level on their way to $3/gal or higher prices. Major banks such as Goldman Sachs are […]
Once again, the weather was high among oil market headlines yesterday, though this time the news was more constructive. The National Oceans and Atmospheric Administration (NOAA) is predicting a warmer winter throughout most of the US, with only the Pacific Northwest forecast to experience below-average temperatures. The group is also forecasting a wet winter in […]
