Natural Gas News – May 22, 2019

Natural Gas News – May 21, 2019 Natural gas supplies to Pemex, other state entities to be prioritized: CFEnergia S&P Global reported: Mexican state fuel marketer CFEnergia will prioritize natural gas supplies to stateowned companies, including Pemex, boost industrial activity and even potentially participate in upstream activities under the new administration of President Andres Manual […]

Mid-Week Review

Oil mostly lower as demand concerns pressure price, but Iranian tensions limit loss Oil futures moved mostly lower Tuesday, with U.S. prices pulling back from their best level in nearly three weeks, as the continuing U.S.-China trade dispute weighed on prospects for energy demand, but tensions in the Middle East provided some support.  News that […]

OECD Warns of Economic Risks from Trade War

Oil dipped lower yesterday afternoon and this morning continues to fall. Crude oil is currently trading at $62.36, down 77 cents (-1.2%) from yesterday’s close. Fuel prices are also moving lower, though moving slower than crude. Diesel prices are trading at $2.0618, down 1.8 cents (-0.8%). Gasoline prices are $2.0133, a 0.6 cent loss. Yesterday […]

Natural Gas News – May 21, 2019

Natural Gas News – May 21, 2019 Massive 2015 Natural Gas Leak Caused by Microbial Corrosion, Report Says Ars Technica reported: A massive natural gas leak at a storage facility in Southern California was caused by microbial corrosion of well equipment, according to a new independent report from analysis firm Blade Energy Partners. The report […]

Despite Iran, Stronger Dollar Creates Oil Headwinds

Oil prices are trading flat this morning as a strengthening dollar puts downward pressure on oil, even with Iran looming in the background. Crude oil is currently trading at $63.00, down a mere 10 cents. Fuel Prices are trading moderately higher this morning, recovering from yesterday’s hefty dip. Diesel is currently trading at $2.0749, up […]

When Is a Trade War, Not a Trade War?

Markets are still uncertain of where to go following last week’s geopolitical drama, both in the Middle East and between the US and China. Crude this afternoon is trading at $62.73, hardly changed from Friday’s close. Fuel prices are more bearish than crude, with both gasoline and diesel prices printing lower. Hefty crack spreads (the […]

Natural Gas News – May 20, 2019

Natural Gas News – May 20, 2019 FERC approves Freeport liquid natural gas export expansion project Daily Energy Insider reported: The Federal Energy Regulatory Commission (FERC) recently approved the construction of the Train 4 expansion at the Freeport LNG terminal on Quintana Island near Freeport, Texas. The Train 4 project is an expansion of the […]

Natural Gas News – May 17, 2019

Natural Gas News – May 17, 2019 DEC Rejects Natural Gas Pipeline Project Long Island Business News reported: The state Department of Environmental Conservation has denied the application for a controversial $1 billion natural gas pipeline project. The DEC ruled that the project was rejected because it’s projected to result in water quality violations and […]

This Isn’t Your Normal Cup of Tea

If you are tired of reading about tensions in the Middle East, then you may enjoy today’s editorial.  Let’s take a different perspective on the news and read what the “tea leaves” maybe indicating this morning. Crack spreads, the value difference from crude pricing and the ultimate pricing of the finished products (gasoline and diesel), […]

Oil shrugs off U.S. crude build

Crude stocks swelled by 5.4 million barrels, surprising analysts who had expected a decrease of 800,000 barrels.  The build was still smaller than the 9 million-barrel build estimated on Tuesday by the American Petroleum Institute.  Distillate stocks were relatively flat and gasoline stocks drew 1.1 million barrels. Oil futures inched up on Wednesday as the […]

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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