Natural Gas News – December 10, 2018

Natural Gas News – December 10, 2018 China Increases Natural Gas Imports to Avoid Winter Shortage World Oil reported: China has gone all out to avoid a repeat of last winter’s crippling natural gas shortages. The early verdict: so far, so good. China’s gas needs peak for its so-called winter heating season. It’s a time […]

Week in Review

While markets at times go long-stretches without any fundamental changes in the market, this week has been non-stop. The week began with several major announcements capturing the attention of traders: The US and China agreed to more intensive trade negotiations to resolve the trade war. Saudi Arabia and Russia agreed, in principle, to the need […]

OPEC Announces 800 kbpd Cuts – Is It Enough?

Markets took a hard beating yesterday as they feared a lack of consensus during the OPEC meeting. Crude fell $1.40 throughout the day, but this morning has reversed course and is on track to close at its highest level since before Thanksgiving. Crude oil is currently trading at $53.81, up $2.32 (+4.5%) from yesterday’s close. […]

Natural Gas News – December 7, 2018

Natural Gas News – December 7, 2018 Feds Discover Largest Oil, Natural-Gas Reserve in History National Review reported: The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.” “Christmas came a few […]

Natural Gas News – December 6, 2018

Natural Gas News – December 6, 2018 2018 U.S. Natural Gas Pipeline Report: Natural Gas Demand to Drive New Pipeline Construction Until 2035 NA Pipelines reported: A study released in June found that the United States and Canada will require annual average natural gas, oil and natural gas liquids midstream infrastructure investment of about $44 […]

OPEC Meeting Starts with a Surprise

Oil prices are trading significantly lower this morning after comments from Saudi Arabia’s energy minister. Crude oil this morning is trading at $50.95, down $1.94 from yesterday. Fuel prices are trading lower as well, giving up recent gains. Diesel prices are trading at $1.8468, down 4.2 cents. Gasoline prices are at $1.4001, a loss of […]

Natural Gas News – December 5, 2018

Natural Gas News – December 5, 2018 Overseas Markets Should Help Cap U.S. Natural Gas Prices Forbes reported: Current plans calling for the construction of as much as 18 bcf/d of capacity in the next few years should be interpreted cautiously; recall that in 2003, 5.3 bcf/d of import capacity was planned given long-term expectations […]

2 Canadian Pipelines Offline

The oil complex maintained small gains yesterday, however small they were. This morning oil is waffling, unsure whether to turn back or progress higher. Crude is currently trading at $53.18, a few cents below yesterday’s closing price. Fuel prices are also roughly flat. Diesel is trading at $1.8965, down 0.4 cents. Gasoline is $1.4431, a […]

Natural Gas News – December 4, 2018

Natural Gas News – December 4, 2018 Global Natural Gas Industry 2018 with BP, Gazprom, National Iranian Oil Company, ExxonMobil Dominating Marketwatch reported: The year 2017 witnessed a significant increase in the production of natural gas worldwide. Globally, the production of natural gas increased by over 130 billion cubic meters (bcm) in 2017, or four […]

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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