{"id":841,"date":"2018-02-05T05:00:00","date_gmt":"2018-02-05T05:00:00","guid":{"rendered":"https:\/\/spragueoperati.wpenginepowered.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/"},"modified":"2018-02-05T05:00:00","modified_gmt":"2018-02-05T05:00:00","slug":"oil-prices-fell-for-the-second-time-in-seven-weeks","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/oil-prices-fell-for-the-second-time-in-seven-weeks\/","title":{"rendered":"Oil prices fell for the second time in seven weeks"},"content":{"rendered":"

Recap:<\/u><\/strong>  Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began at the onset of the New Year, which was sparked by healthy global demand and OPEC’s adherence to output cuts. With the lack of any new fundamentals combined with the fact that prices held within the previous weeks range, and settled lower on the week, we could see follow through selling at the onset of next week’s trading. March WTI fell 35 cents, or 0.53%, to settle at $65.45 a barrel, down 1.04% on the week. Brent for April delivery slipped $1.07, or 1.54%, to settle at $68.58 a barrel, down 2.75% on the week.<\/p>\n

March RBOB fell 1.3% to $1.872 a gallon, with the contract down about 2.8% for the week. March heating oil fell 1.8% to $2.054 a gallon, to lose roughly 3.5% on the week.<\/p>\n

Fundamental News<\/u>:<\/strong> Baker Hughes reported that the number of rigs searching for oil increased for the second consecutive week.  Drillers added 6 oil rigs in the week ending February 2nd, bringing the total count up to 765, the highest level since August 2017.    <\/p>\n

EIA data showed that US exports of refined products increased by 192,000 bpd to a new record high of 5.624 million bpd in November, driven largely by exports of gasoline and diesel to Mexico.  US refiners exported 1.4 million bpd of refined products to Mexico in November, up from 1.123 million bpd in October and up from 994,000 bpd in November 2016.  The November exports included 655,000 bpd of finished gasoline and 336,000 bpd of distillate fuel.  Mexico’s Pemex has been importing refined products, primarily from the US, as its refineries have been operating well below capacity.  Pemex processed 560,000 bpd of crude in December, a total utilization rate of 35%. <\/p>\n

Russia’s Transneft said oil loadings from the Black Sea port of Novorossiysk were suspended due to a storm.  The storm began on Thursday evening and is forecast to end on Saturday evening.<\/p>\n

Separately, Russian oil shipped by Transneft to ports for export totaled 2.457 million bpd in January, unchanged on the month.<\/p>\n

Russia’s Energy Minister, Alexander Novak, said that the country’s oil output in January fell by 301,200 bpd compared to its October 2016 output level of 11.247 million bpd, which was set as the benchmark in the OPEC and non-OPEC production cut agreement.  He said Russia was fully complying with its duties outlined in the joint agreement with OPEC. <\/p>\n

According to Russian Energy Ministry data, Russia’s oil output stood at 10.95 million bpd in January, virtually unchanged from December, as increases at foreign-led projects outweighed declines at Rosneft and Lukoil.  This was almost in line with Russia’s pledge to cut output by 300,000 bpd from a record 11.247 million bpd reached in October 2016, as part of a deal with OPEC to crude inventories.  Meanwhile, Russia’s natural gas production was 65.35 billion cubic meters last month, or 2.11 bcm\/day, compared with 63.5 bcm in December. <\/p>\n

\nEarly<\/u> Market Call – as of 9:00 AM EDT<\/u><\/strong><\/p>\n

WTI – Mar $65.01, down 45 cents<\/p>\n

RBOB – Mar $1.8580, down 1.43 cents<\/p>\n

HO – Mar $2.0301, down 2.42 cents<\/p>\n

\nView the Sprague Refined Products Market Watch Report in a downloadable pdf format by clicking below.<\/p>\n

\nClick to view more online:<\/strong>
\nView market updates<\/a><\/strong>
\nView our refined products glossary<\/a><\/strong>
\nGo to SpraguePORT online<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Recap:  Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,191,23,20,1,190],"tags":[],"class_list":["post-841","post","type-post","status-publish","format-standard","hentry","category-crude","category-delivered-fuel","category-gasoline","category-heating-oil","category-market-insights","category-wholesale-fuel"],"acf":[],"yoast_head":"\nOil prices fell for the second time in seven weeks - Sprague Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/oil-prices-fell-for-the-second-time-in-seven-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices fell for the second time in seven weeks\" \/>\n<meta property=\"og:description\" content=\"Recap:  Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/oil-prices-fell-for-the-second-time-in-seven-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-05T05:00:00+00:00\" \/>\n<meta name=\"author\" content=\"spragueoperati\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"spragueoperati\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/\"},\"author\":{\"name\":\"spragueoperati\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\"},\"headline\":\"Oil prices fell for the second time in seven weeks\",\"datePublished\":\"2018-02-05T05:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/\"},\"wordCount\":577,\"commentCount\":0,\"articleSection\":[\"Crude\",\"Delivered Fuel\",\"Gasoline\",\"Heating Oil\",\"Market Insights\",\"Wholesale Fuel\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/\",\"name\":\"Oil prices fell for the second time in seven weeks - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"datePublished\":\"2018-02-05T05:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/oil-prices-fell-for-the-second-time-in-seven-weeks\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices fell for the second time in seven weeks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/9b09746ffff0d67ccf4d7532322e8e5e\",\"name\":\"spragueoperati\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g\",\"caption\":\"spragueoperati\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/spragueoperati\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil prices fell for the second time in seven weeks - Sprague Energy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/oil-prices-fell-for-the-second-time-in-seven-weeks\/","og_locale":"fr_CA","og_type":"article","og_title":"Oil prices fell for the second time in seven weeks","og_description":"Recap:  Oil prices fell for the second time in seven weeks, pressured by strength in the, dollar following a stellar U.S. jobs report. Friday’s sell-off stymied the rally that began […]","og_url":"https:\/\/www.spragueenergy.com\/fr\/oil-prices-fell-for-the-second-time-in-seven-weeks\/","og_site_name":"Sprague Energy","article_published_time":"2018-02-05T05:00:00+00:00","author":"spragueoperati","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"spragueoperati","Estimation du temps de lecture":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/"},"author":{"name":"spragueoperati","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e"},"headline":"Oil prices fell for the second time in seven weeks","datePublished":"2018-02-05T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/"},"wordCount":577,"commentCount":0,"articleSection":["Crude","Delivered Fuel","Gasoline","Heating Oil","Market Insights","Wholesale Fuel"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/","url":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/","name":"Oil prices fell for the second time in seven weeks - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"datePublished":"2018-02-05T05:00:00+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e"},"breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/oil-prices-fell-for-the-second-time-in-seven-weeks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"Oil prices fell for the second time in seven weeks"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/9b09746ffff0d67ccf4d7532322e8e5e","name":"spragueoperati","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ddb7249c37734965024648c8287367aaf55018e805c8a9a4bcd33efed51fa88?s=96&d=mm&r=g","caption":"spragueoperati"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/spragueoperati\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=841"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/841\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}