WTI crude prices are remaining strong in the $53.50-$54/b range this morning. WTI opened at $53.81/b today, an increase of $0.13 from Friday’s opening price. Price rose above $54/b overnight, but have receded this morning. Current prices are $53.72/b, $0.11 below Friday’s close. Product prices showed a similar pattern with overnight strengthening and a slight […]
Editor’s Note: The EIA’s latest data release indicates that U.S. exports of finished gasoline averaged 605 kbpd during the January-November period of 2016. This is a 27% increase over year 2015 exports of 476 kbpd. The Mexican government is in the process of opening its gasoline and diesel markets to outside competition and replacing government-set […]
Click here to read the latest NGN In the News When flaring natural gas becomes political – Needless regulation or good conservation? Forbes reports: The Bureau of Land Management, which oversees the development of federally owned lands, proposed regulations last February to curtail methane emissions from public lands. As the Bureau of Land Management noted […]
WTI crude prices are in the $53.50/b-$54.00/b range this morning. Prices yesterday were above $54/b for a time, but the market closed at $53.54/b. WTI opened at $53.68/b today, an increase of $0.11 from yesterday’s opening price. Current prices are steady at $53.66/b, $0.12 above yesterday’s close. Product prices have weakened. OPEC’s production cuts are […]
WTI crude prices opened the week on Monday at $53.15/b, which was $0.28 below the previous Monday’s opening (January 23rd.) Tuesday’s and Wednesday’s prices were mainly in the $52.50-$53.50/b bandwidth. Thursday brought a rally that brought prices above $54/b at the high end, but the day closed back at $53.54/b. Friday’s opening was up by […]
Click here to read the latest NGN In the News WEC invests $230 million in natural gas storage site Yahoo! Finance reports: The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 87 billion cubic feet for the week ending January 27. Analysts were expecting a storage decline ranging […]
In the News Natural gas is improving our air Pittsburgh Post-Gazette reports: Patrick McDonnell, the acting state secretary of environmental protection, put it plainly in a 2016 news release, when he said, “Overall, our air quality continues to improve.” The release included figures showing that, from 2012 to 2014, the number of drilling sites monitored […]
WTI prices have surpassed $54/b this morning, close to where prices opened one month ago on January 3rd. Yesterday, it appeared that WTI would settle back into the vicinity of $53.50/b, but prices spiked in this morning’s early trading. WTI opened at $53.57/b today, an increase of $0.81 from yesterday’s opening price. Current prices are […]
Note: Volumes sold under the Bipartisan Budget Act of 2015 Section 404 are estimates based on an assumption of $50 per barrel. Yesterday the U.S. Department of Energy’s (DOE) Office of Fossil Energy awarded contracts for the first of several sales of crude oil from the Strategic Petroleum Reserve (SPR). A Continuing Resolution enacted in […]
WTI prices reclaimed the price territory above $53/b this morning. Crude and product prices slumped on Monday. WTI crude prices fell below $52.50/b, and remained in this area for most of Tuesday as well. WTI opened at $52.76/b today, an increase of $0.16 from yesterday’s opening price. Current prices are $53.24/b, a gain of $0.43 […]
