U.S. oil producers issued record equity in 2016 and increased investment in the final quarter

A group of 44 U.S. onshore-focused oil producers issued a record amount of equity in 2016. In the fourth quarter of 2016, capital expenditure for these companies was $4.9 billion (72%) higher than in the fourth quarter of 2015. This increase in investment spending was the first year-over-year increase since the fourth quarter of 2014 […]

Today’s Market Trend

WTI crude prices have climbed back to nearly $48.50/b this morning, opening at their highest level in three week. WTI opened at $49.60/b today, a major jump of $1.13, or 2.33%, above yesterday’s opening price. Prices are $49.45/b currently, down $0.06 from yesterday’s close. Already this session, WTI prices have gone as high as $49.94/b. […]

Nat Gas News – March 30, 2017

Nat Gas News – March 30, 2017 In the News Settlement reached over 2016 Seattle natural gas explosion Spokesman.com reports: Officials say pipeline safety regulators and Puget Sound Energy have reached a settlement over a complaint regarding a natural gas explosion in the Greenwood neighborhood of Seattle last year. The state Utilities and Transportation Commission […]

Today’s Market Trend

WTI crude prices are back above $48.50/b this morning, after a strong upward trend yesterday that was maintained overnight. WTI opened at $48.47/b today, an increase of $0.58, or 1.21%, above yesterday’s opening price. Prices are $48.56/b currently, up $0.19 from yesterday’s close. Product prices also rallied yesterday and remained strong overnight. Diesel opened at […]

Planned refinery outages through first half of the year not expected to constrain availability of transportation fuels

The U.S. Energy Information Administration’s (EIA) latest analysis of planned refinery outages during the first half of 2017 finds that such outages are not expected to cause a shortfall in the supply of petroleum products including gasoline, jet fuel, and distillate fuel, relative to expected demand, either nationally or within any U.S. region. This result […]

Today’s Market Trend

WTI crude prices recovered the $48/b mark this morning. Prices yesterday once again tested lows of $47/b before buying interest picked up. WTI opened at $47.89/b today, a drop of $0.23 below yesterday’s opening. Prices increased to $48.25/b currently, up $0.52 from yesterday’s close. Product prices also dipped yesterday and recovered overnight. Diesel opened at […]

EIA Gasoline and Diesel Retail Prices Update

The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended March 27th, 2017. Prices for both fuels declined during the week, following crude prices down, though retail prices remained relatively more robust than crude prices. For the current week ended March 27th, diesel prices declined by […]

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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