Prices Fall, but More Fuel Gains to Come

Oil prices are falling back this morning after climbing as high as $67/bbl this week. Even after retreating, though, prices remain above the 7-year high. Morgan Stanley recently noted a “triple deficit” that will keep prices moving higher in 2022: low inventories, low spare capacity, and low investment in new production. These factors will propel […]

Week in Review – January 21, 2022

This week we saw headlines that included winter storms in the East, hostile conditions in the Middle East, and also what oil demand could look like this year. Starting off, two winter storms in the east caused severe power outages and delayed travel for an extended period of time. The Northeast was hit especially hard […]

Russia-Ukraine Conflict: What’s the Impact on Our Oil Prices?

Tensions between Russia and Ukraine are heating up, with major world leaders saying a Russian invasion is coming. For many years, Russia has seen Ukraine has an opportunity for expansion, believing it is part of their social and economic area of interest that they should tap into. In 2014, Russia annexed the Crimea peninsula, which […]

Looking Ahead – Oil Demand in 2022

On Wednesday the International Energy Agency (IEA) said that global oil demand could reach far past pre-pandemic levels sometime this year. This comes primarily due to the fact that recent virus variants are proving to be less deadly, and the immunization rates around the world are skyrocketing. These positives changes with COVID-19 are leading the […]

Mid-Week Review – January 19, 2022

Gas prices rising: Drivers could feel ‘real pain’ at the pump by springtime, expert warns It likely won’t be until March, as temperatures rise and spring break nears, that “we’ll start to see gasoline demand surge, along with refiners doing maintenance ahead of the summer driving season, creating a squeeze,” Patrick De Haan, the head […]

Storm Alert – Code Orange – January 18, 2022

As Winter Storm Izzy begins to wind down in areas of the south, areas of the Northeast are expected to continue getting snowfall for the next few days. Izzy’s snow and ice conditions have disrupted travel since this weekend, with flight delays continuing at northern airports. With road conditions improving, fuel deliveries are slowly beginning, […]

Natural Gas News – January 18, 2022

Natural Gas News – January 18, 2022 Arctic Cold Snap Could Push U.S. Natural Gas Prices Higher Forecasts of frigid temperatures later this month sent U.S. natural gas prices surging in the middle of last week to above $4.85 per million British thermal units (MMBtu)—the highest level since November. If the cold snap expected over […]

Hostile Conditions in The East Lead to Seven-Year Highs

This morning crude oil prices reached seven-year highs as geological tensions in the Middle East begin to pick up. Yesterday, a drone attack in Abu Dhabi claimed the lives of three people, destroyed three fuel tankers, storage facilities, and injured many more. Yemen’s Houthi movement, a movement closely associated with Iranian dealings, has claimed responsibility […]

Oil Rockets Near Multi-Year Highs, Despite China Oil Release

Oil prices are back on the rise after taking a brief pause yesterday, with WTI crude oil trading within striking distance of $83/bbl. The high-water mark is $84.65, which was the closing price on October 26, 2021. Beyond that price, we’d have to look back to October 2014 for comparably high prices – back when […]

Week in Review – January 14, 2022

This week was stacked with important headlines including what to expect to pay at the gas station in 2022, freezing temperatures in major cities, prices reaching two-month highs, and surging oil prices predicted for 2023 and beyond. According to the U.S. Energy Information Administration (EIA), expect crude oil prices to hover around the $70 mark […]

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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