Senate Passes USMCA, EIA Forecasts Rising Prices in H2 2020

This week has been focused heavily on trade, with the US and China signing Phase One of a trade deal on Wednesday and the US Senate passing the US-Mexico-Canada Agreement (USMCA) yesterday. We’ve reported on the USMCA before when the House ratified the agreement, which was expected to be the largest hurdle for the deal. […]

Week in Review – January 17, 2020

The crude market was relatively flat for the week, a reprieve from the large ups and downs seen over the last few months.  Markets were mainly focused on the signing of the Phase One trade deal between the US and China, though after months of conversations most of the effect had already been priced into […]

Nat Gas News – January 16, 2020

Nat Gas News The U.S. Natural Gas Boom Is On Its Last Legs Oil Price reported: Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this year, and some basins will even see production declines, analysts say. Due to the […]

Markets Recover from Very Large Product Builds

Crude is recovering from yesterday’s losses with modest gains in early trading Thursday morning.  WTI Crude is trading up this morning at $58.17, a gain of 36 cents. Fuel is mixed but relatively flat in early trading this morning.  Diesel is trading at $1.8667, a loss of 1.1 cents.  Gasoline is trading at $1.6413, a […]

Nat Gas News – January 15, 2019

Nat Gas News EIA forecasts declining natural gas consumption in US power sector in 2021 S&P Global reported: Competing renewables and expected higher natural gas prices have prompted the US Energy Information Administration to forecast that natural gas consumption in the power sector will fall 3.2% in 2021 after witnessing slower growth in 2020. The […]

US-China Sign Phase-One Trade Deal

Crude prices are relatively flat this morning.  WTI Crude is trading at $58.22, a loss of one cent. Fuel is flat and mixed in early trading this morning.  Diesel is trading at $1.9066, a loss of 0.4 cents.  Gasoline is trading at $1.6580, a gain of 0.4 cents. President Trump and Chinese Vice Premier Liu […]

Mid-Week Review – January 15, 2020

The Oil and Gas Situation: In the Midst of a Major Global Boom Forty years ago, the conventional wisdom about oil was that we were running out of it and needed to find ways to conserve. Twenty years ago, it was faddish for people in the oil business to talk about the then-assumed fact that […]

Nat Gas News – January 14, 2019

Nat Gas News Why U.S. LNG Can’t Win In Europe Oil Price reported: When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s export capacity for Europe, were seen as interference in Germany’s internal affairs […]

China No Longer Labeled Currency Manipulator

Yesterday markets closed lower – extending to five days the streak of losses.  The market appears to have dismissed Middle East tensions in the short term.  However, crude is up in early trading this morning.  Crude is currently trading at $58.66, a gain of 58 cents. Fuel prices are up.  Diesel is trading at $1.9113, […]

Natural Gas News – January 13, 2020

Nat Gas News Natural gas seen as a solution for wet grain The Dickinson Press reported: Mike Brandenburg says this is the first year his family has had to dry almost every bushel of soybeans and corn they’ve produced on their farm near Edgeley. For farmers, the difference between the past and today is corn, […]

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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