Mansfield Power and Gas Weekly

Analysis by Martin Trotter After disappointing storage data the previous week, demand bounced back, registering a withdrawal of just over 150 bcf for last week’s storage report. The withdrawal, which exceeded some expectations, marked a notable increase in consumer demand week over week and edged storage levels down closer to the 5 year average. While […]

Supply Alert – Western Refining El Paso Fire

By Mansfield’s Supply Team At 10 PM on Thursday, Jan 12, Western Refining reported a fire in South El Paso that caused “only minor damage” to the facility, according to company spokesman Gary Hanson. Residents raised the alarm when they noticed yellow smoke coming from the refinery. The El Paso Fire Department was dispatched twice […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices are in the $52.00/b-$52.50/b range this morning. WTI opened at $52.55/b today, a drop of $0.50, or 0.94%, from Friday’s opening price. Last week, WTI closed in the red, dropping from $53.75 at Monday’s opening to $52.37 at Friday’s close. Current prices are $52.51/b, $0.03 below opening. […]

EIA’s AEO2017 projects the United States to be a net energy exporter in most cases

Source: U.S. Energy Information Administration, Annual Energy Outlook 2017 EIA’s Annual Energy Outlook 2017 (AEO2017) presents updated projections for U.S. energy markets. This AEO is the first to have projections through 2050 in the AEO tables. The United States becomes a net energy exporter in most AEO2017 cases as petroleum liquid imports fall and natural […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices have receded below $53/b this morning, and they appear to be stabilizing in early trading. WTI prices rose $0.64 yesterday, a second day of price recovery, but much of this has been reversed this morning. WTI opened at $53.05/b today, an increase of $0.68, or 1.3%, from […]

Weekly Price Review

By Dr. Nancy Yamaguchi Oil prices opened at a very strong $53.75 on Monday, but this was followed by a sharp downward correction. WTI prices shed 5.5% over the next two days, opening at $50.81/b on Wednesday. Some observers believed that the sell-off was an expected downward correction, getting prices back down into the $51-$52 […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices made a comeback yesterday after a two-session slump, and they are strengthening again this morning. WTI opened at $52.37/b today, $1.56/b above yesterday’s opening price. Prices flattened overnight and are trending up again this morning. WTI prices are $52.96/b currently, $0.71 above yesterday’s close. Product prices followed […]

Average crude oil prices forecast to rise as markets move toward balance

Source: EIA Short-Term Energy Outlook The U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. Average forecast prices rise to $56/b and […]

Today’s Market Trend

Analysis by Dr. Nancy Yamaguchi WTI crude prices saw a sharp downward correction yesterday. As noted in yesterday’s FUELSNews, prices had a difficult time clinging to $52/b. But in a surprising move, prices have continued down, crashing even below $51/b. WTI opened at $50.81/b today, $1.02/b below yesterday’s opening price, and the lowest opening price […]

EIA Gasoline and Diesel Retail Prices Update

Analysis by Dr. Nancy Yamaguchi The Energy Information Administration (EIA) released its weekly data on diesel and gasoline retail prices for the week ended January 9th, 2017. Both gasoline and diesel prices continued to rise, marking the sixth consecutive week of price hikes following the November 30th OPEC meeting. A variety of refinery issues caused […]

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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