Today’s Market Trend

WTI crude prices are at approximately $50.75/b this morning. Friday’s prices opened above $50/b for the first time in three weeks, and prices remained strong during the day, allowing WTI to end solidly in the black for the week. WTI opened at $50.69/b today, an increase of $0.37, or 0.74%, above Friday’s opening price. Current […]

Increase in rail shipments of propane, butane to West Coast offsets decreasing production

Total U.S. production of propane and butanes—commonly referred to as liquefied petroleum gases (LPG)—increased to 2.1 million barrels per day (b/d) in 2016. Production increased in all regions of the country except for the West Coast (Petroleum Administration for Defense District, or PADD 5). Unlike other regions, West Coast LPG production has been decreasing since […]

Nat Gas News – April 3, 2017

Nat Gas News – April 3, 2017 In the News U.S. natural gas prices rise to limit summer power burn Reuters reports: The U.S. gas market is looking a little tight despite another record warm winter that limited heating demand. Growing structural consumption from electric power producers as well as increasing exports are significantly changing […]

Today’s Market Trend

WTI crude prices are back above $50/b this morning for the first time in three weeks. WTI opened at $50.32/b today, an increase of $0.72, or 1.45%, above yesterday’s opening price. Current prices are $50.23/b, down $0.12 below yesterday’s close. Product prices also strengthened yesterday and appeared to plateau overnight, with some pre-weekend profit taking. […]

Weekly Price Review

Crude prices marched up this week, finally re-attaining the psychologically important $50/b level for the first time in three weeks. Prices opened higher four days out of five this week. The upward trend in crude and product prices has plateaued this morning, with some pre-weekend profit taking, but the week appears to be on its […]

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 […]

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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