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Sprague Energy and Frac Shack America Inc. Announce Expansion of Strategic Relationship

September 21, 2020
Washington, PA (September 16, 2020) – Sprague Energy LLC (“Sprague”) and Frac Shack America Inc. (“Frac Shack”) have announced an expansion of their strategic relationship to provide customers with an easy-to-use, end-to-end solution for fueling their locations. Sprague and Fr ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.042 on Thursday, September 17th

September 18, 2020
Thursday, September 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.183, eight cents below Wednesday’s closing price of $2.267.  Falling dramatically in the day’s opening hour, prices stabilized near $2.085 by 10:00AM and traded sideways into the weekly sto ... Read More

OPEC+’s regularly scheduled monthly joint committee meeting sent oil prices skyrocketing on Thursday

September 18, 2020
Recap: Strong words out of OPEC+’s regularly scheduled monthly joint committee meeting sent oil prices skyrocketing on Thursday, as its members reassured the oil industry that it was committed to full compliance with agreed upon output cuts. The most notable change was the commit ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.267 on Wednesday, September 16th

September 17, 2020
Wednesday, September 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.333, three cents below Tuesday’s closing price of $2.362.  Trading slightly higher to record an intraday high of $2.342 at 9:30AM, the contract then moved decidedly lower, settling in near ... Read More

The EIA reported a 4.4 million barrel draw in U.S. crude oil inventories

September 17, 2020
Recap: Oil futures climbed more than 4% on Wednesday after the EIA reported a 4.4 million barrel draw in U.S. crude oil inventories, while Hurricane Sally curtailed production in the Gulf of Mexico, as offshore production was taken off line. The drop in crude oil was a surprise, ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.362 on Tuesday, September 15th

September 16, 2020
Tuesday, September 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.328, two cents above Monday’s closing price of $2.310.  Ascending from an intraday low of $2.304 near 9:15AM, disrupted production in the Gulf due to Hurricane Sally drove prices to an intra ... Read More

The IEA lowered its 2020 outlook for demand by 200,000 barrel per day

September 16, 2020
Recap: Oil futures rose on Tuesday, getting a boost from supply disruptions due to Hurricane Sally, which shut in more than a quarter of offshore crude production in the Gulf of Mexico and several refineries. The up move was limited by demand concerns, which pushed prices off of ... Read More
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October NYMEX Natural Gas Futures Contract Closed at $2.310 on Monday, September 14th

September 15, 2020
Monday, September 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.368, ten cents above Friday’s closing price of $2.269.  Climbing to an intraday high of $2.385 soon after 9:00AM, prices trended gradually lower throughout the day as Hurricane Sally was on t ... Read More

The Bureau of Safety and Environmental Enforcement said Hurricane Sally forced energy firms to shut in 21.4% of offshore crude oil production in the northern Gulf of Mexico

September 15, 2020
Recap: The trading session on Monday was subdued as demand concerns tied to the pandemic eclipsed any damage concerns due to Hurricane Sally, which is approaching the Gulf of Mexico, except for a brief stint to the upside, oil prices were lower for most of the session, with the p ... Read More
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Crude oil markets fell for the second straight week

September 14, 2020
Recap: Crude oil markets fell for the second straight week, with both Brent and WTI breaking down below $40 a barrel. This was the first consecutive weekly decline since April, when prices began their collapse. The rising number of coronavirus cases across the globe and a falling ... Read More
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