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Mack Point Open House Recap

By spragueoperati | June 21, 2024 | Comments Off on Mack Point Open House Recap

Successful Event Showcases Sprague’s Vision for Maine’s Offshore Wind Future On June 11, Sprague Energy hosted an Open House, including three tours at our Mack Point Terminal in Searsport, Maine, […]

The Latest U.S. Inventory Data Showed Crude Oil Stocks Fell Last Week

By Emily Beckett | June 21, 2024 | Comments Off on The Latest U.S. Inventory Data Showed Crude Oil Stocks Fell Last Week

Recap:  The oil market traded higher on Thursday after the latest U.S. inventory data showed crude oil stocks fell last week. The market posted a low of $81.13 during Wednesday’s […]

July NYMEX Natural Gas Futures Contract Closed at $2.741 on Thursday, June 20th

By Emily Beckett | June 21, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.741 on Thursday, June 20th

Thursday, June 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.856, five cents be-low Tuesday’s closing price of $2.909. Markets were closed on Wednesday in observance of […]

The Market Rallied on Comments Made by New York Federal Reserve President, John Williams

By Emily Beckett | June 20, 2024 | Comments Off on The Market Rallied on Comments Made by New York Federal Reserve President, John Williams

Recap:  The oil market on Tuesday continued to trend higher following comments from a Federal Reserve policymaker on the future of interest rate cuts. The market traded mostly sideways in […]

Cleaner Air Ahead for Upstate New York

By spragueoperati | June 19, 2024 | Comments Off on Cleaner Air Ahead for Upstate New York

The New York League of Conservation Voters and Sprague Operating Resources LLC celebrated a significant step towards a greener transportation sector in Upstate New York with the arrival of renewable […]

July NYMEX Natural Gas Futures Contract Closed at $2.909 on Tuesday, June 18th

By Emily Beckett | June 19, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.909 on Tuesday, June 18th

Tuesday, June 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.832, four cents above Monday’s closing price of $2.788. Falling to the intraday low of $2.795 ahead […]

The Market Posted a Weekly Gain for the First Time in Four Weeks After Reports by OPEC+, the IEA, and the EIA Raised Confidence

By Emily Beckett | June 18, 2024 | Comments Off on The Market Posted a Weekly Gain for the First Time in Four Weeks After Reports by OPEC+, the IEA, and the EIA Raised Confidence

Recap:  The crude market traded higher on Monday following last week’s gains as traders turned more optimistic on demand growth. Last week, the market posted a weekly gain for the […]

July NYMEX Natural Gas Futures Contract Closed at $2.788 on Monday, June 17th

By Emily Beckett | June 18, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.788 on Monday, June 17th

Monday, June 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.800, eight cents below Friday’s closing price of $2.881. Knocked down over the weekend by increased production […]

The Market Remained Focused on the Unexpected Inventory Builds Reported by the EIA

By Emily Beckett | June 17, 2024 | Comments Off on The Market Remained Focused on the Unexpected Inventory Builds Reported by the EIA

Recap:  The oil market on Friday posted its first weekly gain in a month as it settled up 3.87%, despite it ending the session down 0.22% on the day. It […]

July NYMEX Natural Gas Futures Contract Closed at $2.881 on Friday, June 14th

By Emily Beckett | June 17, 2024 | Comments Off on July NYMEX Natural Gas Futures Contract Closed at $2.881 on Friday, June 14th

Friday, June 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.918, four cents below Thursday’s closing price of $2.959. Attaining an intraday high of $2.974 by 9:45AM, […]