On Tuesday, WTI Crude was supported by the market’s growing confidence in OPEC+’s ability to bring the market into balance. Markets closed yesterday with gains near 2% after data showed an uptick in demand as more cars get back on the road. In early trading this morning, the market is giving back some of yesterday’s […]
Coming off a long weekend, oil is climbing to fresh highs this morning as positive sentiment endures. The market continues with the mantra “no news is good news” – another day without a major uptick in COVID-19 cases and no unexpectedly low economic data constitutes a win. The IEA’s Executive Director commented this weekend that low oil prices could drive demand […]
After significant bickering and drama last week, the OPEC+ group agreed on a historic production deal, cutting world output by 9.7 million barrels per day. But following a long holiday weekend, markets don’t seem too enthusiastic about the deal. Who Made the Cuts? As a reference, the OPEC+ group contains 10 members of OPEC as […]
Crude prices are relatively flat this morning. WTI Crude is trading at $58.22, a loss of one cent. Fuel is flat and mixed in early trading this morning. Diesel is trading at $1.9066, a loss of 0.4 cents. Gasoline is trading at $1.6580, a gain of 0.4 cents. President Trump and Chinese Vice Premier Liu […]
In light of the holidays, FUELSNews will resume normal publications on January 2. Happy Holidays and thank you for reading! After hitting multi-month highs last week, the oil rally fizzled out on Friday, with prices falling almost a dollar after gaining roughly $6/bbl since Dec 1. With holidays keeping trading volume low, any major long-term […]
Markets are cooling quickly this morning after a wild ride yesterday. Prices soared in yesterday’s early morning trading, but settled more than a dollar below the day’s highs. Today, markets are sinking, unable to garner strength to re-approach $60/bbl. Crude oil is currently trading at $57.50, down $1.59 from Monday’s close. Fuel prices are also […]
Natural Gas News – April 3, 2019 Natural Gas Pipeline In Germany Holds “Green” Methane; Austria Has Similar Plans ARS Technica reported: A Düsseldorf, Germany- based energy company called Uniper announced last week that it sent methane made from renewable hydrogen into the local natural gas pipeline. The methanation plant in Falkenhagen that made the […]
Natural Gas News – March 29, 2019 China To Cut City-Gate Natural Gas Prices And Pipeline Fees From April 1 S & P Global reported: uietly for much of the country, coal legend Pennsylvania has become the second most vital natural gas state. At over 18 Bcf/ d, Pennsylvania now yields over 20% of all […]
Natural Gas News – March 7, 2019 Natural gas trading, prices increase on colder weather, nuclear outages OS&P Global reported: North American natural gas trading has been relatively higher the last four trading sessions as colder weather and nuclear outages increased the market’s reliance on gas to meet its needs. S&P Global Platts received 8,660 […]
Natural Gas News – February 4, 2019 Warmer Shift in Europe Brings Mixes for Gas and Power Traders Reuters reported: The cold beer will flow as usual, but for the thousands of energy traders, utility executives and analysts descending on Essen and the E-world fair in Germany this week the impact of a relatively mild […]
