Natural Gas News – April 12, 2019 Oil Companies Will Pay You To Take Natural Gas From West Texas KUT reported: Natural gas is a valuable commodity in most of the world – but not in parts of Texas. Now, in West Texas, oil well operators will pay you to take their natural gas. The […]
Natural Gas News – April 4, 2019 Texas Natural Gas Prices Plunge To All-Time Low Oil Price reported: Natural gas prices at the Waha hub in West Texas plummeted to record low negative levels on Wednesday, as pipeline constraints and problems at compressor stations at one pipeline stranded gas produced in the most prolific U.S. […]
Oil turned lower yesterday following the EIA’s report, with losses continuing this morning. Prices saw sharp declines earlier in the day before bouncing a bit higher, though overall prices remain lower relative to yesterday’s close. Crude oil is currently trading at $58.86, down 55 cents from Wednesday’s close. Fuel prices both declined as well yesterday, […]
Natural Gas News – March 11, 2019 The Easy Money In European Natural Gas Is Gone Oil Price reported: At the end of last winter’s heating season, it was an unusually cold spell that upended European natural gas markets, with storage levels falling below average and prices firming up as demand shot up. At the […]
Imagine if you could alter the course of oil prices with just a few words…actually, 19 words, to be precise. Well, if your name is Donald J. Trump, then you’re just imaging this morning. With a single Tweet, Trump sent oil prices spiraling almost $2/bbl this morning after markets neared 2019 highs. After bottoming out […]
Oil prices began the day on the upswing, but late-morning trading have flipped fuel prices to the red and significantly dampened crude’s gains. We’re just one week away from Trump’s imposed deadline for US-China trade talks, and markets seem to be getting rattled. Crude oil is currently trading at $57.36, up 40 cents since Thursday’s […]
This week saw markets turn to the uptrend, setting numerous new 2019 highs thanks to OPEC supply cuts. Nigeria signaled their support for balancing oil markets, and Saudi Arabia’s push for $80/bbl oil is keeping upward pressure on prices. The Federal Reserve released the minutes from their recent meeting, and the takeaway was that the […]
Summary by Wayne Lee How US sanctions on Venezuela are rippling through oil markets US sanctions on Venezuela’s national oil company have accelerated the unprecedented collapse of its oil output and set off a domino effect in the global energy market. The sanctions, which were announced on January 28 in a bid to speed up […]
After closing early yesterday in observance of President’s Day, oil markets are continuing to trade in line with Friday’s closing price. Brent settled above its 100-day moving average for the first time since October 2018, which could lead to stronger buying interest from fund managers. WTI crude remains below its 100-day moving average of $57.45. […]
Natural Gas News – February 19, 2019 Russia’s Gazprom To Start China Gas Pipeline By December 1 Oil Price reported: Russia’s gas giant Gazprom will begin natural gas deliveries to China via the Power of Siberia pipeline ahead of schedule, as early as December 1, 2019, Alexey Miller, Chairman of Gazprom’s Management Committee, has said […]
