Will Russia Abandon OPEC+ Deal?

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

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 […]

EU Growth Forecast Slashed

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 […]

Week in Review

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

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

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, […]

Oil Remains Range-Bound despite Bullish Forces

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 […]

SOTU Eclipsed by API Data, Venezuela

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 […]

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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