Editor’s Note: We don’t often talk about natural gas in this publication (to keep up with the latest natural gas trends, consider subscribing to Natural Gas News), but this winter we’ve seen natural gas trends impact fuel prices. We’ve mentioned in FUELSNews lately that diesel prices have been[…]
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The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIA’s January Short-Term Energy Outlook forecasts Brent to average $60/b in 2018 and $61/b in 2019. In both 2018 and 2019, EIA expects total global production to be slightly greater than global[…]
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Daily Newsletter
Editor’s Note: Today’s article, shared from the EIA, is a good reminder that oil prices are just a part of a much larger commodity market. While numerous factors affect oil prices directly, other global factors can impact commodities markets as a whole, such as changes in the U.S. dollar. When it[…]
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Commodity
Price Moves
Crude oil prices ended 2017 at the highest levels since 2013. West Texas Intermediate (WTI) crude oil prices averaged $51/b in 2017, up $7/b from the 2016 average, and ended the year at $60/b, $6/b higher than at the end of 2016. Brent prices have moved up $10/b since the end of 2016 and ended the[…]
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Crude
crude prices
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[…]
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Crude
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[…]
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Crude
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.
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Crude
Gasoline
Diesel
Today's Trend
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[…]
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Market & News Update
Editor’s Note: Many of the factors impacting oil prices are as old as the commodity market itself: inventories, production, demand, economic growth, etc. One newer factor influencing prices is the stock market through ETFs. Rising ETFs volumes are adding length to the market, which is reflected in[…]
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Market & News Update