Goldman Calls for $80 Oil, Despite Progressing Iran Deal

After trending lower last week, fuel prices are on the rise again this morning, buoyed by threats to the US-Iran nuclear deal. The UN’s nuclear watchdog, the International Atomic Energy Agency (IAEA), narrowly reached an agreement with Iran to extend its three-month monitoring agreement for another month. The deal is not directly related to US-Iran […]

Colonial Outage – What Happened This Week

Fuel market conditions have evolved rapidly this week in the Southeastern US, with national media sharing news on the situation and the US President weighing in with support. Just one week into the outage, here’s what’s happened this week: How It Started On Friday evening, the Colonial Pipeline (CPL) announced a network outage that required […]

Oil Deflates as Pipeline Reopens, Inflation Fears Persist

After racing back above $66/bbl yesterday, US crude oil prices are falling back once again this morning. Inflation concerns are heating up, with the US Labor Department reporting that consumer prices rose 4.2% in April – the fastest growth since 2008. Higher inflation would seem to promote higher fuel prices, but it also leads the […]

Hurricane Laura Makes Landfall with 150 mph Winds

On Wednesday, WTI crude closed flat as the US braced for the impact from the storm. Early reports would seem to indicate that Houston refineries were spared the brunt of the storm while Lake Charles refineries in Louisiana felt the storms’ full force. Early Thursday morning, Hurricane Laura made landfall in Cameron, Louisiana, as a […]

Pipeline sending natural gas from western Canada to Chicago considers expanding capacity

Owners of the Alliance pipeline, one of the longest natural gas pipelines in North America, are in the early stages of assessing interest in expanding its capacity to transport natural gas from western Canada to Chicago, Illinois. The Alliance pipeline is unique because, unlike other natural gas pipelines that only transport natural gas after it […]

Nat Gas News – April 12, 2017

Nat Gas News – April 12, 2017 In the News Natural gas liquids pipeline to stretch from Permian to Houston area Houston Chronicle reports: Energy infrastructure giant Enterprise Products Partners said it will build a 571-mile pipeline from the Permian Basin to the Houston area to transport natural gas liquids. The pipeline project is another […]

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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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