Weekly Price Review

By Dr. Nancy Yamaguchi WTI crude prices opened the week Monday at a very strong $53.33/b. Tuesday’s market opened $0.47 lower, but opening prices were stable on Wednesday and Thursday, and Thursday brought a rally that closed the day at $53.78/b. Friday’s opening was 4 cents lower, at $53.74. Over the week, this was an […]

Nat Gas News – January 27, 2017

Click here to read the latest NGN In the News Trump backs oil pipelines, gas lines are in limbo Bloomberg reported: While President Donald Trump works to advance two controversial oil pipelines — Dakota Access and Keystone XL, a war’s being fought in Washington over a whole other set of lines: natural gas ones. Take […]

With low oil prices in 2016, federal revenues from energy on federal lands again declined

Source: EIA. Principal contributors: Natalie Kempkey, Matthew Manning In fiscal year (FY) 2016, the U.S. government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office of Natural Resource Revenue. These activities include […]

Nat Gas News – January 24, 2017

Click here to read the latest NGN In the News The days of cheap natural gas are over Forbes reports: Natural gas prices averaged a little more than $2.50 per mmbtu (million British Thermal Units) in 2016. Those days are over. Prices willaverage at least $3.50 to $4.00 in 2017. Prices have more than doubled […]

Weekly Price Review

By Dr. Nancy Yamaguchi Oil prices opened the week at $52.55 on Tuesday following Martin Luther King Day in Monday. Prices were flat on Tuesday, but they slid to around $51/b on Wednesday. Prices on Thursday and Friday crept back into the neighborhood of $51.50. Today’s crude and product prices are continuing to increase, but […]

Survey: Shippers expect freight volumes to climb in 2017

Commercial Carrier Journal Staff | January 10, 2017 Shippers mostly expect freight movement to grow in 2017, according to a survey of more than 2,200 shippers recently conducted by Averitt Express, one of the country’s largest carriers. Nearly three out of four shippers surveyed said they anticipate shipping volume in 2017 to be greater than […]

EIA’s AEO2017 projects the United States to be a net energy exporter in most cases

Source: U.S. Energy Information Administration, Annual Energy Outlook 2017 EIA’s Annual Energy Outlook 2017 (AEO2017) presents updated projections for U.S. energy markets. This AEO is the first to have projections through 2050 in the AEO tables. The United States becomes a net energy exporter in most AEO2017 cases as petroleum liquid imports fall and natural […]

Weekly Price Review

By Dr. Nancy Yamaguchi Oil prices opened at a very strong $53.75 on Monday, but this was followed by a sharp downward correction. WTI prices shed 5.5% over the next two days, opening at $50.81/b on Wednesday. Some observers believed that the sell-off was an expected downward correction, getting prices back down into the $51-$52 […]

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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