Natural Gas News - December 28, 2017  

Natural Gas News - December 27, 2017 FERC vacates natural gas storage certificate

Natural Gas News - December 26, 2017 Alaska Approves Expansion Plan for Point Thomson Gas Field

The oil complex is experiencing moderate losses this morning after a week of steady gains. Across the board, markets were able to reverse their losses yesterday morning and trend higher, rising enthusiasm following Wednesday’s bullish inventory report. This morning, crude prices are currently[…]

It’s been a calm week for the oil complex, with markets overall picking up some small gains. News this week has been light, as is common for a major holiday week.

Natural Gas News - December 22, 2017 A $1.7 Billion Natural Gas Pipeline to Ease the Permian Glut

Markets experienced mixed results following the EIA’s energy data yesterday, with crude and diesel prices rising moderately while gasoline soared. Crude gained 43 cents (0.7%) yesterday, but are down 40 cent this morning. Currently, crude is trading at $57.69.

Yesterday, the EIA released its weekly report on fundamental oil statistics, the most notable of which was a larger-than-expected crude inventory draw that brought crude inventories down to 436.5 million barrels (MMbbls). Gasoline also got a large, four-cent boost from the 1.2 MMbbl build, which[…]

Natural Gas News - December 21, 2017 Gas Under Threat? California Regulators Target PG&E Natural Gas Plants With Energy Storage

Markets are continuing their upward streak this morning, continuing to move higher based on the API’s report of a sizable crude draw. Crude prices are currently trading at $57.77, a gain of 21 cents (0.4%) since yesterday’s close.

Prices: The front-month futures price for North Sea Brent crude oil settled at $62.20 per barrel (b) on December 7, 2017, an increase of $1.71/b since November 1. Front-month futures prices for West Texas Intermediate (WTI) crude oil for delivery at Cushing, Oklahoma, increased by $2.39/b over the[…]

Natural Gas News - December 20, 2017 LNG Firm Tellurian Proposes $7 Billion in Pipelines

Oil markets are trading higher this morning after lackluster results yesterday. Crude oil yesterday saw small losses of 21 cents. Prices picked up 14 cents overnight, counteracting most of Monday’s losses, and today prices are continuing higher, with prices currently at $57.60, trading 44 cents[…]

Editor’s Note: The following article is re-printed from FN360 Q3 2017. Renewable fuels are an important part of America’s energy portfolio, and can impact prices by altering supply/demand trends. The legislation mentioned below to extend the biodiesel tax credit remains unpassed following the[…]

Natural Gas News - December 19, 2017 Pipeline to Mexico: Natural Gas Project on Track For Completion

Natural Gas News - December 18, 2017 Egypt's Zohr Natural Gas Field Begins Production

Prices saw mixed results on Friday as the week closed. WTI crude oil managed to eke out some small gains, ending just 5 cents higher than the week’s opening price. Today, crude is up 31 cents (.54%) from Friday’s close to trade at $57.61.

Drillers Flock to Rockies as Sleepiest Shale Corner Awakens

After some mixed results yesterday, markets are trending higher today. WTI crude oil saw 34 cent (0.6%) gains yesterday, and prices are sustaining this morning, picking up another 7 cents. WTI is currently trading at $57.11, which is $6.15 higher than Brent crude oil. Recall that Brent-WTI spreads[…]

As we close the week, it looks like prices could once again close for a loss, which would be the third week of losses in a row. Over the past two weeks, prices have fallen from $58.95 all the way to $57.36 last Friday. Prices remain, however, at a higher level relative to the first ten months of[…]

Natural Gas News - December 15, 2017 Natural Gas Exports Continue to Expand

Markets dropped yesterday despite a generally bullish EIA report, with crude oil shedding 85 cents (1.5%). Yesterday continued the three-day loss streak, with prices falling from $58.02 on Tuesday down to a closing price of $56.40 yesterday, a 2.9% loss. Today, prices are continuing their decline,[…]

Mansfield has noticed growing interest in price risk management tools. Fleet managers who set their budget in the beginning of 2016, when crude prices were below $40/bbl and diesel wholesale rates were $1.00 or less (excluding tax), have felt the pressure of rising prices. With many analysts[…]

Natural Gas News - December 14, 2017 US House Panel Passes Bill Repealing Oil, Gas Transparency Law

Oil markets took a hit yesterday with a mix of bullish and bearish factors. Prices opened yesterday just above $58/bbl, but ended the day at $57.14. Overnight, crude gained some ground. This morning, prices are trading 48 cents (0.8%) higher at $57.62.

Petroleum Products

Natural Gas News - December 13, 2017 Virginia Agency Takes Unexpected Step That Could Delay Gas Pipeline Project

Oil prices are on the rise this morning, with WTI crude oil up about 31 cents this morning. Crude picked up 74 cents (1.3%) yesterday amid news of a pipeline disruption in Europe. WTI crude prices are currently trading at $58.30 this morning, the highest they’ve traded since early December.

From the FUELSNews Editorial Team

Natural Gas News - December 12, 2017 Atlantic Coast Pipeline Faces Last Hurdle in Virginia

Oil markets are generally higher this morning, supported by Nigerian oil production instability. Oil prices saw large gains (71 cents, or 1.3%) on Friday thanks to threats of strikes from the Nigerian union of works. Prices are continuing their gains this morning, though so far gains have been[…]

Compiled by the FUELSNews Editorial Team

Natural Gas News - December 11, 2017 Production Limits Rare for Companies that Miss Natural Gas Flaring Targets

Oil prices move higher this morning after Nigeria’s announcement yesterday that there could be a strike by the key oil workers union. Crude recovered some of its strength during yesterday’s session, closing 69 cents above the opening price. Prices have continued to strengthen this morning, gaining[…]

It’s been an eventful week for the market considering the overall lack of news. Markets have calmed from the OPEC announcements made last week and responded to a bearish inventory report that weakened prices on Wednesday. Yesterday’s announcement of Nigeria’s potential strike has been one catalyst[…]

Natural Gas News - December 8, 2017 BLM Suspends Natural Gas Waste Standards

Natural Gas News - December 7, 2017 U.S. Ready to Ship More Gas to Middle East

The oil complex posted heavy losses across the board after yesterday’s EIA report revealed sharp increases in refined product stocks and high refinery utilization rates. Crude prices gave up $1.49 to close at $55.96, its lowest closing price in 3 weeks. Prices gained a mere 13 cents this morning[…]

In August, monthly U.S. imports of crude oil coming into the Midwest (Petroleum Administrative Defense District (PADD) 2) exceeded imports of crude oil into the Gulf Coast (PADD 3) for the first time since the U.S. Energy Information Administration began keeping records in 1981. Although Hurricane[…]

After seeing some small gains during yesterday’s trading session, prices are headed lower across the board. Crude picked up a meager 14 cents yesterday, but gave up those gains and more overnight. Currently, crude prices are trading at $56.84, 78 cents (1.36%) below yesterday’s close.

At the North American Energy Ministerial on November 14, 2017, in Houston, Texas, United States Secretary of Energy Rick Perry, Canada’s Minister of Natural Resources James Gordon Carr, and Mexico’s Secretary of Energy Pedro Joaquin Coldwell launched the North American Cooperation on Energy[…]

Natural Gas News - December 6, 2017 Liberty Utilities Proposes $340 Million Underground Natural Gas Pipeline Project

Markets reversed their recent gains yesterday, with oil products posting some major losses. Crude oil dropped nearly a dollar yesterday (-1.5%) as markets turn from OPEC to market fundamentals. Crude oil is currently trending fairly flat at $57.42, with early morning losses reversing to just a[…]

Oil prices have been winding higher since September, when Harvey kicked off a strong rise in refinery run rates that buoyed crude demand. Since September, crude prices have risen from below $50 to consistently above $55 in November and December – far above the overall 2017 average price of $55.33[…]

Natural Gas News - December 5, 2017 Tokyo Gas Signs LOI with Alaska Gasline on LNG Purchase

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After a significant run in prices on Friday that added nearly $1.00 to crude prices, markets are falling back in line with their previous trends. Traders were enthusiastic on Friday that OPEC and Non-OPEC producers agreed to a deal extension, but that enthusiasm has faded today as reality sets in.[…]

Have an article worth sharing? Send it to FUELSNews@mansfieldoil.com, and we’ll share it next week in our Weekly Summary segment.

Natural Gas News - December 4, 2017 Egypt Takes Giant Step Towards Energy Independence

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Natural Gas News - December 1, 2017 Commission Seeks Fracking Ban in Watershed Supplying NYC

Oil prices move higher this morning after OPEC’s announcement yesterday that cuts will be extended through 2018. Crude traded mostly flat during yesterday’s session, closing just 1 point lower than its opening price. Prices have strengthened slightly this morning, gaining 39 points (.68%) to trade[…]

It’s been a hectic week for markets, responding to post-holiday trends and a bearish inventory report, all with OPEC hovering over everyone’s market expectations. Yesterday’s announcement of OPEC’s extension turned into a grand non-issue, with markets closing exactly one cent below their opening[…]

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