Russia Wants to Bring Production Back Online

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 […]

Oil Demand Could Exceed Pre-Crisis Levels

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 […]

“Historic” OPEC+ Cuts Fall Flat

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 […]

US-China Sign Phase-One Trade Deal

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 […]

Report Shows Slowing US Oil Production

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 […]

OPEC Reveals Long-Term Cut Strategy

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 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 7, 2019

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 […]

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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