Nat Gas News – June 19, 2017

Nat Gas News – June 19, 2017 Utah facility can turn food waste into enough natural gas to power a small city The Salt Lake Tribune reports: State and local officials broke ground for Utah’s first food digester Thursday morning in a project aimed at reducing landfill waste and harnessing unused renewable energy. The project, called […]

Today’s Market Trend

WTI crude prices are in the $44.75/b-$45.00/b range this morning. This week brought a sharp collapse on Wednesday, a modest decline on Thursday, and a gradual strengthening this morning. WTI opened at $44.25/b today, a significant drop of $0.44, or 0.98%, below yesterday’s opening price. Current prices are $44.83/b, up by $0.37 from yesterday’s closing […]

Weekly Price Review

Oil prices declined significantly this week, for the third week in a row. This week, U.S. and global supply-demand fundamentals were weak, and prices dropped anew. WTI is below the $45/b level for the first time since mid-November, 2016. WTI opened at $44.25/b today, a significant drop of $0.44, or 0.98%, below yesterday’s opening price. […]

Nat Gas News – June 16, 2017

Nat Gas News – June 16, 2017 BP Energy Partners Selling Midstream Portfolio Company – Sources Nasdaq reports:BP Energy Partners, an energy investment company backed by oil tycoon T. Boone Pickens, is selling portfolio company Pinnacle Midstream, according to four sources familiar with the matter. Houston-based Pinnacle, which operates natural gas and crude gathering, processing […]

Today’s Market Trend

WTI crude prices have fallen to the $44.50/b-$44.75/b range this morning, following another sharp collapse yesterday. WTI opened at $44.69/b today, a steep drop of $1.25, or 2.72%, below yesterday’s opening price. Current prices are $44.58/b, down by $0.15 from yesterday’s closing price. Diesel opened at $1.410/gallon this morning. This was a significant drop of […]

Growing octane needs widen the price spread between premium and regular gasoline

In late 2016, the difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon. This price spread has been generally expanding since 2000, and the rate at which the spread has grown has accelerated over the past three years (Figure 1). Many factors on both the supply and demand […]

Nat Gas News – June 15, 2017

Nat Gas News – June 15, 2017 Natural Gas Production Boom Has Pipeline Demand Exceeding Supply Ottawa Citizen reports: Natural gas producers want more pipeline space than many midstream companies are offering and have oversubscribed to two new expansion projects in the last week. TransCanada Corp. announced Wednesday that natural gas producers had bid for […]

Today’s Market Trend

WTI crude prices are in the $46.00/b-$46.25/b range this morning. Yesterday, WTI prices strengthened midday, topping $46.50/b for a time and closing at $46.46/b. But prices subsided overnight and in early morning trading. WTI opened at $45.94/b today, down by $0.07, or 0.15%, below yesterday’s opening price. Current prices are $46.13/b, down by $0.33 from […]

Fuel Economy Improvements Are Projected to Reduce Future Gasoline Use

Anticipated changes in energy consumption by light-duty vehicles in the United States are based on two factors: the amount of travel and the fuel economy of the vehicles used. The Annual Energy Outlook 2017 (AEO2017) Reference case projects a decline in light-duty vehicle energy use between 2018 and 2040 as improvements in fuel economy more […]

Nat Gas News – June 14, 2017

Nat Gas News – June 14, 2017 In the News West Virginia’s Senators Urge Appalachian Natural Gas Hub West Virginia Public Broadcasting reports: West Virginia’s U.S. senators have introduced legislation intended to help establish a major natural gas storage and distribution hub in the Appalachian region. Their legislation would designate it a “critical energy infrastructure” […]

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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