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Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies.
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Market Insights
Heating Oil
Gasoline
Crude
Oil Market Retraces Gains Amid Easing Red Sea Shipping Concerns
December 29, 2023
Recap: The oil market fell on Thursday as concerns over shipping disruptions along the Red Sea route eased. According to a shipping schedule, Denmark's Maersk will route almost all container vessels sailing between Asia and Europe through the Suez Canal from now on while divertin ...
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Market Insights
Heating Oil
Gasoline
Crude
Traders Continued to Monitor Developments in the Red Sea
December 28, 2023
Recap: The oil market posted an inside trading day on Wednesday, as traders continued to monitor developments in the Red Sea. This followed Tuesday’s outside trading session. The market traded mostly sideways in overnight trading, posting a high of $75.66, before it sold off mor ...
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Market Insights
Heating Oil
Gasoline
Crude
Thin Volume Trading on Monday Following the Long Christmas Holiday Weekend
December 27, 2023
Recap: The oil market posted an outside trading day, with thin volume trading on Monday following the long Christmas holiday weekend. The market breached its previous low of $73.39 and posted a low of $73.13 in overnight trading as Denmark’s Maersk said on Sunday it planned to r ...
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Market Insights
Heating Oil
Gasoline
Crude
The oil market remained steady ahead of the long Christmas holiday weekend
December 26, 2023
Recap: On Friday, the oil market remained steady ahead of the long Christmas holiday weekend as the market remained supported by the concerns over the situation in the Middle East following the Houthi attacks on ships in the Red Sea. The market traded higher in overnight trading ...
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Market Insights
Natural Gas
Gasoline
NYMEX
January NYMEX Natural Gas Futures Contract Closed at $2.572 on Thursday, December 21st
December 22, 2023
Thursday, December 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.485, four cents above Wednesday’s closing price of $2.447. Falling to an intraday low of $2.460 by 9:45AM, the contract was trading at $2.478 ahead of the weekly storage publication. Directe ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Market Sees Volatility as Angola Opts Out of OPEC
December 22, 2023
Recap: The oil market on Thursday fell as it reacted to cracks in OPEC’s unity following the news that Angola was leaving OPEC. Angola's Oil Minister, Diamantino Azevedo, said the country's membership in OPEC was not serving its interests. Angola, which produces about 1.1 millio ...
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Market Insights
Natural Gas
Gasoline
NYMEX
January NYMEX Natural Gas Futures Contract Closed at $2.447 on Wednesday, December 20th
December 21, 2023
Wednesday, December 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.422, eight cents below Monday’s closing price of $2.492. Ascending to the intraday high of $2.539 by 9:45AM, analysts continued to keep an eye on the latest forecasts amid substantial stora ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Prices Swing on Unexpected Inventory Surge and Trade Flow Disruptions
December 21, 2023
Recap: The oil market on Wednesday traded lower in light of the EIA report showing an unexpected build in crude stocks on the week, with record U.S. oil output and larger than expected builds in product stocks. The crude market retraced more than 62% of its move from a high of $7 ...
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Market Insights
Natural Gas
Gasoline
NYMEX
January NYMEX Natural Gas Futures Contract Closed at $2.492 on Tuesday, December 19th
December 20, 2023
Tuesday, December 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.422, eight cents below Monday’s closing price of $2.503. Continuing the pre-session downward momentum due to heating demand vanishing from the short-term forecast, prices tallied an intraday ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Markets Navigate Narrow Trading Range Despite Red Sea Shipping Disruptions
December 20, 2023
Recap: The oil market traded higher but posted an inside trading day as it failed to breach Monday’s $3.60 trading range. While the attacks by Yemen’s Houthi rebels on vessels traveling through the Red Sea have impacted shipping and increased the geopolitical risk premium, it has ...
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