Natural Gas News – February 12, 2019 Natural Gas Plays Major Role in Energy Transition: Qatargas CEO Gulf Times reported: Qatargas CEO Sheikh Khalid bin Khalifa al-Thani has underscored the significance of liquefied natural gas (LNG) as a “destination fuel” in the future of energy, playing a major role in the ‘energy transition’ the world […]
Today brings another sell-off in the petroleum market, as markets put their focus on US-China trade talks and OPEC production. Crude is trading at $52.08, down 64 cents. Fuel is also trading lower with diesel prices this afternoon trading at $1.8940, down 1.5 cents. Gasoline prices are lower too, trading at $1.4195, down 2.7 cents. […]
Natural Gas News – February 11, 2019 US, Russia Compete for EU Natural Gas Market Daily Sabah reported: The global markets for natural gas and liquefied natural gas (LNG) are currently seeing an increase in the number of new producers. Natural gas’ geopolitical importance is also on the rise and it will increase its share […]
Oil prices took a heavy hit yesterday amid a broader selloff in financial markets. After trading lower this morning, oil prices have regained their previous levels. Crude oil is currently trading at $52.74, with losses turning to small 10 cent gains after the product lost roughly $1.40 yesterday. Fuel prices have also turned a bit […]
After prices were bid up last week among Venezuela sanctions, markets reverted lower again on profit-taking and reduced economic growth prospects for this year. Oil prices have been fairly range-bound, so prices simply bounced off their Friday high to trade lower this week. While stocks have made a significant recovery since their November bear market, […]
Natural Gas News – February 8, 2019 Total Makes ‘Game-Changing’ Gas Condensate Find Off South Africa S&P Global reported: Total has made a “significant” gas condensate discovery offshore South Africa, opening up a new natural gas and oil play off the southern tip of Africa expected to spark a new round of drilling in the […]
Natural Gas News – February 7, 2019 Fire Fuels Concerns Over Consumers’ Natural Gas System The Detroit News reported: Last week’s fire at a Consumers Energy compressor station in Macomb County during a record-breaking cold snap exposed vulnerabilities — as well as strengths — in the system that supplies natural gas to 4.1 million Michiganians, […]
Urea pricing this year has been driven by the global energy market, changing dynamics with China’s production capacity and global demand. The chart below shows the changes in NOLA Urea over the past 18 Months. As energy prices rose and marginal production was shut down in China, values rose which subsequently raised the DEF market. […]
Crude oil remains confined to the $53-$55 band, where it’s traded for the past two weeks. January’s $10/bbl run-up in prices was the largest January bull market in history, so now markets appear to be taking a breather and testing whether another rally is in order. WTI crude is trading at $53.53, a loss of […]
Oil trading just slightly lower this morning following an inventory report yesterday that did little more than confirm market expectations. Crude took a hit yesterday, falling back roughly a dollar from the previous day’s close, and over $1.50 below Friday’s close above $55/bbl. Crude oil this morning is trading at $53.54, hardly changed from Tuesday’s […]
