Supply Outages Threaten 2019 Prices

The oil complex ended on an upswing yesterday, with crude closing just shy of $55/bbl while fuel prices closed that their highest level since before Thanksgiving. Crude oil is currently trading at $55.34, a gain of 93 points from yesterday’s close. Fuel prices are also trading higher this morning. Diesel prices are currently trading at […]

Midwest Cold Shuts in Refineries

By Dan Luther While every PADD saw declining refinery utilization rates last week, the strong majority of the decline came from PADD 1 and 2 – a result of the Polar Vortex. Cold weather causes significant operational issues for refineries, which in turn affects fuel supplies regionally. Several refineries in the Midwest and Northeast were […]

Natural Gas News – February 13, 2019

Natural Gas News – February 13, 2019 Pompeo Says Nord Stream 2 Natural Gas Pipeline Brings ‘Enormous Security Risk’ to Europe S&P Global reported: US Secretary of State Mike Pompeo said Tuesday the US would keep fighting the 55 Bcm/year Nord Stream 2 natural gas pipeline, declining to rule out the possibility of leveling sanctions against […]

EU Growth Forecast Slashed

Oil prices took a heavy hit yesterday amid a broader selloff in financial markets. After trading lower this morning, oil prices have regained their previous levels. Crude oil is currently trading at $52.74, with losses turning to small 10 cent gains after the product lost roughly $1.40 yesterday. Fuel prices have also turned a bit […]

Week in Review

After prices were bid up last week among Venezuela sanctions, markets reverted lower again on profit-taking and reduced economic growth prospects for this year. Oil prices have been fairly range-bound, so prices simply bounced off their Friday high to trade lower this week. While stocks have made a significant recovery since their November bear market, […]

Natural Gas News – February 8, 2019

Natural Gas News – February 8, 2019 Total Makes ‘Game-Changing’ Gas Condensate Find Off South Africa S&P Global reported: Total has made a “significant” gas condensate discovery offshore South Africa, opening up a new natural gas and oil play off the southern tip of Africa expected to spark a new round of drilling in the […]

Natural Gas News – February 7, 2019

Natural Gas News – February 7, 2019 Fire Fuels Concerns Over Consumers’ Natural Gas System The Detroit News reported: Last week’s fire at a Consumers Energy compressor station in Macomb County during a record-breaking cold snap exposed vulnerabilities — as well as strengths — in the system that supplies natural gas to 4.1 million Michiganians, […]

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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