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 […]
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 […]
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 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 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 […]
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 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 […]
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 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 […]
Oil prices are eager to find higher ground this week, with a bullish OPEC meeting setting the stage for an expected OPEC cut later this week. This morning crude prices are once again on the upward mend, trading at $53.83 with 88 cent gains (+1.7%). Fuel prices are seeing even faster growth, although gasoline is […]
