Turmoil strikes! The galaxy is divided after the Environmental Protection Agency (EPA) released on Monday new vehicle emissions standards that will run through 2026. These newly released standards directly contrast former President Donald Trump’s looser car pollution reduction tactics, and instead will lead the United States to move closer toward electric vehicles. Pollution has always […]
Oil prices are rising once more this morning, regaining some steam thanks to the EIA’s inventory report. Of course, Omicron concerns are weighing on markets, but the planned distribution of 500 million test kits is providing support. While the test kits on their own won’t impact demand, it does seem to be the Biden administration’s […]
Oil prices steady as Omicron caution lingers Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $71.12 a barrel […]
What goes down must come up. Oil prices are springing back as traders buy yesterday’s dip. After shedding $2.60 yesterday, crude oil is up by roughly $1.75 this morning. Fuel prices are actually higher than they were on Wednesday, demonstrating a bullish sentiment for traders this morning. Beyond COVID challenges, markets are gaining steam due […]
This morning prices are trading lower as fears about Omicron and its fast advancement run through the market. Today crude oil opened at $70.07, diesel at $2.2168, and gasoline at $2.1271. With so much fear surrounding the Omicron variant now, it is time to take a look at what has been impacted the most over […]
Oil prices are once again shrinking back, following other financial markets on a bearish turn. The Federal Reserve’s announcement about bond purchases and interest rate hikes initially gave markets a boost, since it provided clarity and certainty. However, over the long-haul, those actions tend to have a dampening affect on market prices, from oil to […]
This week was stacked with important headlines including deadly tornadoes, IEA reports, and NFL outbreaks showing the growing strength of the virus variant. Over the weekend, tornadoes ripped through six states, causing severe damage, and killing over 80 people. On December 11th, the Arkansas and Kentucky governors declared states of emergencies in their respective states. […]
Natural Gas News – December 16, 2021 New York City bans natural gas in new buildings The New York City Council voted on Wednesday to ban the use of natural gas in new buildings, following in the footsteps of dozens of smaller U.S. cities seeking to shift from fossil fuels to cleaner forms of energy. […]
This morning, international Brent crude oil prices are nearing $75 as new concerns over the virus and decreasing stockpiles threaten the market. With demand slowing down from fears of travel over the virus, the market is responding as expected. Today crude oil opened at $71.48, diesel at $2.2345, and gasoline at $2.1409. This week the […]
Early morning losses have mostly faded away following the EIA’s inventory report, which showed a surprise across-the-board draw for oil products. Early losses were roughly $1/bbl for crude and $.02/gal for fuel, amid growing beliefs that global inventories are beginning to trend higher. The EIA’s data, however, upset that narrative and suggests that supplies remain […]
