Natural Gas News – July 1, 2021 Global gas prices rally on hot summer, storage demand Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. Prices for liquefied […]
Natural Gas News – June 29, 2021 US nat gas futures up to fresh 29-month high on Northwest heat wave US natural gas futures climbed to a fresh 29-month high on Monday as a heatwave boosted power prices in the Pacific Northwest to all-time highs and on expectations soaring global gas prices will increase US […]
Mansfield Cares announced today that the 35th Annual Mansfield Cares Golf Classic, which took place June 8-9, 2021 in Greensboro, GA, raised over $725,000 for charitable organizations. The two-day event included golf across three courses, a charity auction, and a VIP concert featuring The Orchestra including original members of Electric Light Orchestra. Mansfield welcomed numerous broadcast and sports celebrities that return year after year to support worthy causes and enjoy the […]
Yesterday saw crude and diesel prices rise thanks to supportive inventory news, while gasoline’s surprise build triggered a small price drop. Adding to inventory news, the Federal Reserve indicated they would continue with current supportive policies, providing continued aid to the recovering US economy. We shared yesterday that Iran could become the next major topic […]
Last week’s oil volatility seems to have cooled off a bit, as yesterday brought just a 60-cent price increase for crude oil. This morning, prices are cooling off by $1/bbl but haven’t shown signs of a broader selloff. Now that the Suez Canal is open and global maritime traffic can get moving again, traders are […]
As this week’s EIA oil report revealed, oil markets are beginning to show signs of normality. Although still far below typical, Gulf Coast refinery utilization rose from 60% to 70% this week, allowing markets to begin refueling. Even with the increased supply, many markets are experiencing tightness. Backlogs of deliveries and continued terminal outages are […]
Oil prices are climbing higher this morning as the US moves closer to passing stimulus legislation. Yesterday, the House of Representatives gave final approval, and President Biden is expected to sign the bill on Friday. With more money trickling through the economy and more vaccines available, markets are expecting a wave of summer fuel demand […]
Energy leaders grapple with climate targets at virtual CERAWeek Global energy leaders and other luminaries like incoming Amazon Chief Executive Andy Jassy focused on the tough road to transforming world economies to a lower-carbon future at the kickoff of the world’s largest energy conference on Monday. Numerous speakers at CERAWeek were prepared to talk about […]
After shedding $2/bbl on Friday, oil prices are stabilizing. WTI crude remains above the $60/bbl threshold, in line with pre-pandemic pricing. Analysts have whip-sawed from bemoaning the global supply glut to broadcasting under-supplied conditions. Traders continue chattering about the possibility of $100/bbl oil amid a purported commodity supercycle. At the heart of the bullish sentiment […]
After a week of winter storms across the country, temperatures and markets are normalizing in most areas. The frigid temperatures early last week impacted fueling infrastructure and caused massive power outages across Texas. Over the weekend, crews made progress clearing more roads allowing fuel carriers in the region to get caught up on backlogged deliveries. Mansfield is moving […]
