This morning oil prices are up, with crude reaching as high as $99.10 in the early morning. Higher prices come amid supply concerns that are directly associated with the ongoing Russian invasion of Ukraine and the sanctions being handed down on Russia. Due to severe supply worries from many major world oil consumers, these countries […]
Fuel markets spent most of yesterday’s trading session at multi-year highs, with fuel up 15-20 cents and crude oil gaining $7/bbl. By the end of the day, crude prices were nearly unchanged from their previous close. On the other hand, fuel prices held some notable gains – gasoline rose 5 cents in total, and diesel […]
Major headlines this week included pre-invasion calls from Biden to meet with Putin about diplomacy, supply concerns that are rampant throughout the world, and the Russian invasion of Ukraine. First, earlier this week Biden again tried to urge Putin to choose diplomacy over invasion. The meeting was only going to happen if Putin did not […]
Natural Gas News – February 24, 2022 LNG global trade rises 6% in 2021 amid higher demand Global trade in liquefied natural gas rose 6 per cent to 380 million tonnes in 2021 on the back of higher demand as economies recovered from the coronavirus-induced slowdown and countries focused on cutting emissions. China, the world’s […]
Today is a day filled with outrage and fear – emotions permeating not just the political sphere but also the financial. With dozens of casualties reported on both sides of the Russia-Ukraine conflict, international leaders are condemning Russia for their attack and threatening tough financial sanctions. What does all this mean for fuel markets? Markets […]
Yesterday prices went through several gyrations, though ultimately fuel prices went from being up a dime to just 3 cent gains by the end of the trading session. Volatility is expected, given major geopolitical actions beginning at the Ukraine border. Labeling yesterday’s actions as “the beginning of a Russian invasion,” President Biden added fresh sanctions […]
Natural Gas News – February 22, 2022 U.S. natgas futures rise on record LNG exports, colder forecasts U.S. natural gas futures rose nearly 2% on Friday on record liquefied natural gas (LNG) exports and a forecast for much colder weather and higher heating demand in two weeks’ time. That price increase came despite a continued […]
It’s happening. After weeks of uncertainty, Russia has moved troops into eastern Ukraine, deeming those areas independent territories. The West is responding with limited sanctions, reserving stronger sanctions for more overt actions from Russia. Fuel prices are surging nearly 8 cents per gallon this morning. One country has unilaterally shown how severe the cost of […]
This morning oil prices are up as an imminent Russian invasion of Ukraine is becoming more likely. In the wake of tensions between Russia and NATO, President Biden and his administration have called for an in-person meeting with Putin to discuss diplomatic solutions to prevent war in Europe. Biden’s meeting is contingent on Russia not […]
While all eyes have been focused on the Russia-Ukraine border, negotiators have been making quiet progress on the US-Iran nuclear deal. Now, US negotiators are saying that the coming days will be make-or-break for the deal, and Iran’s top negotiator hinted that an agreement is “closer than ever.” With Citi analysts targeting a drop to […]
