NATURAL GAS NEWS – November 30, 2021

NATURAL GAS NEWS – November 30, 2021 What Happens If Europe Runs Out Of Gas? The real test of Europe’s energy supply is here. As temperatures have started dropping on the continent in recent days, power prices spiked again, and the natural gas shortage could worsen in case the winter is colder than usual. There […]

We’re Back – What Happened Last Week?

Friday was one of the most volatile trading sessions since the peak of the pandemic, and it seems appropriate that the major concern was the new Omicron COVID variant. Crude prices moved by an astounding $10 per barrel (-12.8%), while fuel prices sank nearly 30 cents per gallon. Today, markets have recovered roughly half of […]

Week in Review – November 19, 2021

Starting off the week we saw oil prices decrease on new expectations of increasing energy supplies. With United Nations talks ending on Saturday, news circulated of a deal pinning global warming heavily on fossil fuels. The two-week meeting in Scotland focused specifically on climate change, and several sessions focused on how to curb emissions enough […]

Europe Lockdowns, More Supply Cause 10-Cent Price Drop

FUELSNews will return on November 29 after the holiday week. From all of us at Mansfield, we wish you and yours a healthy and happy Thanksgiving! Fuel prices are tanking this morning, as both supply and demand seem to be moving in bearish directions. Despite this week’s inventory report showing tight supply, the near-term outlook […]

US, China, Others Agree to Strategic Oil Releases

It’s fairly common for politics to influence oil prices, but it’s a bit less often that oil prices so directly effect politics. We’ve written extensively lately about the impact that high oil prices are having on the Biden administration and what (limited) control the US government has over fuel costs. With that said, the federal government seems […]

Mid-Week Review – November 17, 2021

President Biden Faces Few Options To Lower Oil Prices Without OPEC President Biden has limited options to counter OPEC-plus ignoring White House pleas to produce more oil and soften the price rally. Some strategies, like releasing oil from strategic reserves, could even backfire and further lift prices. The administration says all options are on the […]

Better Days Ahead? IEA Suggests Prices Could Improve

The oil price rally has been relentless, but in their recent monthly report, the IEA noted that the tides may be turning. Their report notes, “The world oil market remains tight by all measures, but a reprieve from the price rally could be on the horizon.” Although demand is rising quickly, oil supplies have been […]

Climate Talks End, COVID Increases Across Europe

This morning, oil prices decreased on new expectations of increasing energy supplies, as natural gas and coal producers respond to rising energy prices the winter. With the UN ending their climate talks in Scotland and COVID-19 cases rising around the country, the market is shaken up. WTI crude fell over $0.96, or just over 1%. […]

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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