Today’s Market Trend

WTI crude prices are in the $49.25-$49.50/b range this morning. WTI opened at $49.93/b today, a significant recovery of $1.18, or 2.42%, above Friday’s opening price. Current prices are $49.40/b, back down by $0.40 below Friday’s closing price. Diesel opened at $1.5621/gallon this morning. This was a recovery of 1.5 cents (0.97%) above Friday’s opening […]

Mexico Refined Product Output and Rising U.S. Imports

In our special feature two weeks ago, we noted the importance of cross-border trade between Mexico and the United States. Mexico’s top trading partner is the United States. The United States’ second-largest trading partner is Mexico (Canada occupies the top spot). The U.S. upstream industry suffered during the oil price war, but it is now […]

Today’s Market Trend

WTI crude prices have dropped sharply to under $48.50/b this morning. WTI opened at $48.75/b today, a major drop of $2.50, or 4.88%, below yesterday’s opening price. Current prices are $48.42/b, a continued decline of $0.48 below yesterday’s closing price. Crude and product prices plunged following the OPEC meeting in Vienna yesterday, despite the fact […]

Weekly Price Review

It was a volatile week for the oil complex. Prices reacted to OPEC announcements leading up to the formal meeting on Thursday. The announcements were generally confident, and the participants appeared to reach consensus for the adoption of a nine-month extension to the production cut agreement. Prices were on a general upward trend. Yet when […]

Nat Gas News – May 26, 2017

Nat Gas News – May 26, 2017 In the News TMX Group To Test Natural Gas Transmission With Blockchain-Based Prototype ETH News reports: TMX Group announced the development of a blockchain-based prototype that enables the transfer of natural gas. The project was the result of a partnership between Natural Gas Exchange (NGX), TMX’s whollyowned subsidiary […]

Today’s Market Trend

WTI crude prices have fallen back down into the $50.50-$51.00/b range this morning. WTI opened at $51.25/b today, a drop of $0.19, or 0.37%, below yesterday’s opening price. Current prices are $50.67/b, a continued fall of $0.69 below yesterday’s closing price. Crude and product prices rose and fell overnight, initially rising above closing levels then […]

Stable crude prices, weaker demand, and high inventories moderate gasoline prices heading into Memorial Day

Gasoline prices heading into the 2017 Memorial Day weekend average $2.40 per gallon (gal) nationally, up from last year’s price of $2.30/gal before the holiday weekend. Despite the year-over-year increase, 2017 marks the second-lowest price ahead of the Memorial Day weekend since 2009, when the national average price of regular gasoline was $2.31/gal (Figure 1). […]

Nat Gas News May 25, 2017

Nat Gas News – May 25, 2017 In the News Natural gas facilities with no carbon dioxide emissions Science Daily reports: How can we burn natural gas without releasing CO2into the air? This feat is achieved using a special combustion method that TU Wien has been researching for years: chemical looping combustion (CLC). In this […]

Today’s Market Trend

WTI crude prices have strengthened to approximately $51.50/b this morning. WTI opened at $51.44/b today, an increase of $0.40, or 0.78%, above yesterday’s opening price. Current prices are $51.52/b, $0.05 above yesterday’s closing price. Product prices opened higher during the current session and are trending up in early morning trading. Diesel opened at $1.6101/gallon this […]

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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