US Accuses Iran of Oil Tanker Attacks

Today markets continue rising as the market grapples with the implications of the oil tanker attack in the Gulf of Oman. Crude picked up just over a dollar yesterday on geopolitical concerns. WTI Crude is trading at $52.74 currently, up an additional 46 cents. Fuel prices received a similar lift yesterday. Diesel is trading at […]

Who Knows What Tomorrow Holds?

My last editorial, dated May 17th, was either about tea leaves or the market needing to take a breather.  Either way, since that date the crack spread declined $2.5/bbl, WTI declined over $10/bbl and ULSD futures tumbled $.30/gal. In that article, I highlighted the fact that refinery utilization was seasonally behind due to turnarounds. Throughput […]

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 10, 2019

Natural Gas News – May 10, 2019 U.S. oil settles lower as hopes for a U.S.-China trade deal fade Market Watch reported: U.S. crude-oil prices declined Thursday, while global benchmark prices ended a few pennies higher, with escalation in the Sino- American trade spat raising the potential to dent energy demand. Those concerns have more […]

Oil Trades in Narrow Range on Trade Woes and Tight Supply

Yesterday’s market slowed its descent, though still ending in the red. Crude oil this morning is trading flat, up just 8 cents at $61.78. Unlike crude, fuel prices are trading a bit higher this morning. Diesel prices are $2.0546, up 1.1 cents. Gasoline prices are pushing against the $2/gal level again, trading up 1.7 cents […]

US-China Trade Weighs on Prices

Prices rose roughly 1% yesterday following constructive data from the EIA. This afternoon, however, prices are heading lower once more, burdened by US-China trade consternation. Crude oil is currently trading at $61.64, down 48 cents. Fuel prices are also printing in the red this afternoon. Diesel prices are trading at $2.0428, a loss of 1.3 […]

Iran Questions US Sanctions Endgame, Moderates Position

Despite possible Avengers strikes on Nigerian oil pipelines and Druzbha Pipeline contamination, oil prices are trading steady to lower today. WTI crude is currently trading at $65.78, down a few cents from yesterday’s close. Fuel prices, on the other hand, are trading slightly higher this afternoon. Diesel prices are currently $2.1024, up 0.4 cents. Gasoline […]

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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