California’s High Fuel Prices May Be Heading Even Higher

Oil prices bounced back, with crude oil climbing $1.60 yesterday and fuel prices seeing 5 cent gains. The major swings this week have been the result of old news – COVID case rates, OPEC production, and climbing demand. Even old news, though, can significantly drive prices. While the dominant narrative this year has been strong […]

US Lost Net-Exporter Status in Q2, Regains in Q3

It’s a relatively calm day for oil markets – no new hurricanes, OPEC headlines, or COVID shockers. California did ban the sale of new fossil fuel-consuming cars after 2035, joining some European countries who have offered similar legislation, though the change is too far in the future to impact markets today. Given today’s quiet outlook, […]

Week in Review – September 25, 2020

WTI crude finished lower for the week from Monday’s open to Friday’s open. Fears of Libyan crude deepening the oil glut caused markets to fall on Monday. The imminent return of 1 MMbpd of Libyan supply spooked the market to start the week. Tropical Storm Beta caused flooding in Houston and Louisiana, but most of […]

Trade Prospects Improve, California Power Outage

Oil prices are trading flat this morning after impressive gains to end last week. Oil prices saw the largest leap since the Saudi oil attack in September, demonstrating the power of positive trade news and low inventory concerns. Crude oil is currently trading at $56.64, unchanged from Friday’s close. Fuel prices are also mixed/flat. Diesel […]

Mid-Week Review – September 25, 2019

Oil Drops on Signs of Returning Saudi Supply as Doubts Linger Oil fell on signs Saudi Arabia is making progress in restoring output even as uncertainty remains about the kingdom’s ability to bring back all lost supply by the end of the month. Saudi Aramco is returning most of its domestic oil refineries to full […]

California Proposes Increases in Fuel and Vehicle Taxes to Fund Transport Facilities

“I like to pay taxes. With them, I buy civilization”   —Said No One Ever Admittedly, the “Said No One Ever” part was added by the author. The quote is accepted as a paraphrase of “Taxes are what we pay for a civilized society,” written by U.S. Supreme Court Justice Oliver Wendell Holmes, Jr., in a […]

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 […]

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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