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January NYMEX Natural Gas Futures Contract Closed at $3.182 on Monday, December 9th

By Emily Beckett | December 10, 2024 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.182 on Monday, December 9th

Monday, December 9th saw the front month NYMEX Natural Gas Futures Contract open at $3.207, up $0.131 compared to Friday’s closing price of $3.076. Focusing attention on forecasted below-average temperatures, […]

OPEC+ Decision to Extend the Full Unwinding of Cuts by a Year

By Emily Beckett | December 9, 2024 | Comments Off on OPEC+ Decision to Extend the Full Unwinding of Cuts by a Year

Recap:  The oil market on Friday traded lower and ended the week down 1.18% despite the OPEC+ decision made on Thursday to delay its output increases by three months until […]

January NYMEX Natural Gas Futures Contract Closed at $3.076 on Friday, December 6th

By Emily Beckett | December 9, 2024 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.076 on Friday, December 6th

Friday, December 6th saw the front month NYMEX Natural Gas Futures Contract open at $3.029, down $0.050 compared to Thursday’s closing price of $3.079. Recording the intraday low of as […]

The OPEC+ Decision to Delay its Planned Output Increase

By Emily Beckett | December 6, 2024 | Comments Off on The OPEC+ Decision to Delay its Planned Output Increase

Recap:  The oil market ended the session lower following the OPEC+ decision to delay its planned output increase by three months to April 2025. The market traded mostly sideways ahead […]

January NYMEX Natural Gas Futures Contract Closed at $3.079 on Thursday, December 5th

By Emily Beckett | December 6, 2024 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.079 on Thursday, December 5th

Thursday, December 5th saw the front month NYMEX Natural Gas Futures Contract open at $3.113, up $0.070 compared to Wednesday’s closing price of $3.043. Encouraged overnight by additionally HDD’s adding […]

January NYMEX Natural Gas Futures Contract Closed at $3.043 on Wednesday, December 4th

By Emily Beckett | December 5, 2024 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.043 on Wednesday, December 4th

Wednesday, December 4th saw the front month NYMEX Natural Gas Futures Contract open at $3.020, down $0.022 compared to Tuesday’s closing price of $3.042. Warding off additional losses after the […]

The Uncertain Ceasefire Between Israel and Hezbollah

By Emily Beckett | December 5, 2024 | Comments Off on The Uncertain Ceasefire Between Israel and Hezbollah

Recap:  The oil market traded lower on Wednesday and retraced some of its recent gains ahead of the OPEC+ meeting on Thursday. The market was well supported in overnight trading […]

Increasingly Fragile Ceasefire Between Israel and Hezbollah

By Emily Beckett | December 4, 2024 | Comments Off on Increasingly Fragile Ceasefire Between Israel and Hezbollah

Recap:  The crude market on Tuesday continued to retrace its previous losses as it remained supported ahead of the OPEC+ meeting on Thursday and the increasingly fragile ceasefire between Israel […]

January NYMEX Natural Gas Futures Contract Closed at $3.042 on Tuesday, December 3rd

By Emily Beckett | December 4, 2024 | Comments Off on January NYMEX Natural Gas Futures Contract Closed at $3.042 on Tuesday, December 3rd

Tuesday, December 3rd saw the front month NYMEX Natural Gas Futures Contract open at $3.125, down $0.088 compared to Monday’s closing price of $3.213. Reaching the intraday high of $3.140 […]

Rising Energy Costs: What Rhode Island Businesses Need to Know

By Emily Beckett | December 3, 2024 | Comments Off on Rising Energy Costs: What Rhode Island Businesses Need to Know

The winter season is fast approaching, and Rhode Island Energy has increased its electric rates for its commercial and residential customer classes, effective October 2024 through March 2025. Industrial customer […]