Natural Gas News – April 15, 2019

Natural Gas News – April 15, 2019 Significant Natural Gas Discovery Made Off Israel’s Shore The Jerusalem Post reported: Greek energy producer Energean has discovered a further significant natural gas reserve off Israel’s coast, the company announced on Monday. According to preliminary estimates, the latest discovery in the Karish North exploration field contains between 28 […]

OPEC Hesitant to Increase Output

Markets retreated a bit yesterday, but this morning are on track to recapture their gains and close the week strong.  A weaker dollar is providing some support along with on-going political and geopolitical uncertainty. Crude is currently trading at $64.16, up 58 cents. Fuel prices are receiving a lift as well. Diesel prices are trading […]

Gearing Up for a Tariff-ic Summer

After pushing new annual highs yesterday, oil prices are cooling off some as traders pocket their profits and exit the market. Crude oil is currently trading at $64.05, down 56 cents from yesterday’s close. Fuel prices are also moving lower. Diesel prices are trading at $2.0741, down 1.4 cents. Gasoline is experiencing even faster losses, […]

New Market Reports Paint a Bullish Picture

Oil is moving higher this morning amid a generally bullish API report and OPEC’s most recent monthly oil report. Crude oil is currently trading at $64.41, up 43 cents. Fuel prices are also on the rise, supported by steep product draws. Gasoline prices are currently $2.0338, up 3.5 cents to the highest level since October […]

Mid-Week Review

Oil slips from 5-month highs as Russia casts doubt on further output cuts Oil prices hit fresh five-month highs on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signaling willingness to pump more dampened the rally. Supply curbs led by OPEC have underpinned a more than 30 percent […]

Brookings Warns of “Synchronous Slowdown”

With markets concerned over potential supply disruptions in Libya, prices got a sizable boost yesterday. This morning, prices are cooling off a bit. Crude oil is currently trading at $63.89, down 51 cents from Monday’s close. Fuel prices are mixed today. Diesel prices are currently trading at $2.0433, down 1.4 cents. Gasoline prices are at […]

Natural Gas News – April 9, 2019

Natural Gas News – April 9, 2019 Total Strengthens Oman’s Natural Gas Sector World Oil reported: Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration license on Block 12 with significant prospective gas resources. Under […]

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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