Nat Gas News – March 27, 2017

Nat Gas News – March 27, 2017 In the News President Trump to issue far-reaching reversal of Obama climate push Bloomberg reports: President Donald Trump is set to sign a sweeping executive order on Tuesday aimed at promoting domestic oil, coal and natural gas by reversing much of his predecessor’s efforts to address climate change. […]

Today’s Market Trend

WTI crude prices sank below $47.50/b this morning. WTI opened at $48.12/b today, an increase of $0.44, or 0.94%, above Friday’s opening price, but prices ebbed to $47.48/b currently, a drop of $0.49 below Friday’s close. Diesel opened at $1.5028/gallon in today’s session. This was an increase of 1.45 cents, or 0.97%, from yesterday’s opening […]

U.S. crude oil exports went to more destinations in 2016

In 2016, U.S. crude oil exports averaged 520,000 barrels per day (b/d), 55,000 b/d (12%) more than in 2015 despite a year-over-year decline in production. However, the rate of U.S. crude oil export growth has slowed significantly from its pace over 2013-15 when annual U.S. crude production grew rapidly. Meanwhile, increased crude oil imports in […]

Today’s Market Trend

WTI crude prices have just recovered the $48/b mark this morning. WTI opened at $47.67/b today, a drop of $0.48, or 1.0%, below yesterday’s opening price. Current prices are $48.07/b, a recovery of $0.37 above yesterday’s close. Both crude and product prices are in the midst of an early-morning buying spate, but as of the […]

Weekly Price Review

Crude prices languished this week, opening lower four days out of five. Price rallies were short-lived and unenthusiastic, with WTI struggling to maintain levels of $48/b, and dipping as low as $47/b. Prices threatened to break through some technical supports that many analysts believe herald a coming crash. Yet prices of $47/b always elicited buying […]

Nat Gas News – March 24, 2017

Nat Gas News – March 23, 2017 In the News Kinder Morgan plans 430-mile Permian natural gas pipeline Houston Chronicle Reports: Kinder Morgan is planning the next big pipeline project coming from the booming Permian Basin, but one that would transport natural gas, rather than oil. The pipeline, which would run from Waha in West […]

Today’s Market Trend

WTI crude prices are back above $48/b this morning, though prices are trending back down. Yesterday, prices were mainly in the vicinity of $47.50/b, recovering above $48/b as the session went on. WTI prices opened at $48.15/b today, just one penny below yesterday’s opening. Since then, prices have weakened. WTI prices are $48.06/b currently, still […]

Nat Gas News – March 23, 2017

Nat Gas News – March 23, 2017 In the News ICE to offer first U.S. Gulf Coast LNG futures contract Reuters reports: With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first ever […]

Today’s Market Trend

WTI crude prices have dropped down into the $47.50-$48/b range this morning. Yesterday brought a brief rally back above $48.50/b, based largely on news of continued OPEC commitment to production cuts, but prices dropped to close at $47.34/b. After hours buying brought WTI to an opening at $48.16/b today, an increase of $0.23 above yesterday’s […]

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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