This morning, oil prices are still increasing and are on track to have their highest monthly gain in well over a year. From the beginning of January to today, prices have seen a 14.7% increase. The current supply shortages combined with tensions in the Middle East and the Ukrainian border are pushing prices steeper upward […]
With a winter storm barreling down on the Northeast, fuel prices are continuing to ratchet upwards. Fuel prices – traded on the Chicago Mercantile Exchange as ULSD (diesel) and RBOB (gasoline) – are based on deliveries to New York Harbor, so we’ve seen the national benchmark climb as the storm approaches. Between rising crude prices […]
This week we saw headlines of the Ukraine border situation intensifying, took a look at electric vehicles and if they are cleaner than traditional combustion engines, and also a look at what backwardation means and what is happening in the market right now. As the situation and tension in the East continue to build, NATO […]
Natural Gas News – January 27, 2022 Has The Oil Market Flipped Into Surplus Territory? The energy sector has continued to defy the broad market selloff in the new year, with seven of Tuesday’s top eight gainers on the S&P 500 being oil and gas stocks, thanks in large part to growing geopolitical tensions. WTI […]
Market volatility is nothing new, but the recent price rally has sent prices screeching to multi-year highs. Yesterday’s EIA report, which showed falling diesel inventories, certainly did not help curb recent gains. Although it’s impossible to know the future, the current market situation that consumers are experiencing is a trend that often isn’t talked about […]
This morning Brent crude oil reached a new peak as it hit a seven-year high. New problems with supply combining with old problems are creating a mix that is making it hard for oil prices to retreat. Along with political tensions in the East, some OPEC members are falling short of production output, contributing to […]
EXPLAINER: Why are oil prices high, and any relief in sight? Anyone who’s bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who’s filled up a car. Energy costs […]
NATURAL GAS NEWS – January 25, 2022 A Tale Of Two Shipping Markets It’s a tale of two shipping markets. Spot rates remain near historic highs for container shipping; the boom shows no sign of ending. But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas (LNG) carriers — spot […]
The debate between standard emission vehicles and electric ones has been debated for the past few years. Still, it has recently begun to make more headlines as more and more companies choose to dedicate resources toward all-electric fleets. The main question that stems from the ongoing debate is whether or not these electric vehicles (EV) […]
This morning prices are lower following a strong United States dollar that hit a two-week high this morning, and possible increases to interest rates by the Federal Reserve. However, the Russia/Ukraine border situation seems to be getting more ominous and gaining more national attention as more and more troops make their way to the border […]
