Mid-Week Review – December 11, 2019

The U.S. Dominates New Oil and Gas Production Since fracking took off in 2008, we have more than doubled our proven oil reserves to ~65 billion barrels. Natural gas reserves have surged over 80% to ~430 trillion cubic feet. Already the largest oil and gas producer, the U.S. is set to increase its share of […]

Surprise Build Blunts Small Rally

A surprise build reported by the API seems to be putting downward pressure on crude markets this morning.  WTI Crude is trading at $58.96, a loss of 28 cents. Fuel is down in early trading this morning.  Diesel is trading at $1.9454, a loss of 2.0 cents.  Gasoline is trading at $1.6427, a loss of […]

Mid-Week Review – November 27, 2019

Oil Drillers Continue to Remove Rigs from Permian Basin In its weekly release, Baker Hughes Company BKR reported a drop in U.S. rig count. Baker Hughes’ data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry.  Click here to read […]

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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