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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
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.450 on Tuesday, January 23rd
January 24, 2024
Tuesday, January 23rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.336, eight cents below Monday’s closing price of $2.419. Similar to the prior session, bearish forecasts to close out the month knocked down prices overnight. Marking the intraday low of $2.32 ...
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Market Insights
Heating Oil
Gasoline
Crude
Inside Trading Day Highlighted by Resistance at Highs and Strong Support Despite Global Events
January 24, 2024
Recap: The crude market posted an inside trading day as it failed to breach its previous trading range. The market posted the day’s trading range by mid-day as it bounced off a low of $73.41 and traded to a high of $75.25. The market remained well supported in overnight trading f ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.419 on Monday, January 22nd
January 23, 2024
Monday, January 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.367, fifteen cents below Friday’s closing price of $2.519. Knocked down over the weekend by a bearish adjustment to weather forecasts to close out the month, the contract tallied the intraday l ...
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Market Insights
Heating Oil
Gasoline
Crude
Volatile Trading Amid Geopolitical Tensions, Production Resumptions, and Weather-Related Disruptions
January 23, 2024
Recap: The oil market on Monday posted an outside trading day as the market traded lower on news that production at Libya's Sharara oilfield resumed on Sunday after protesters ended a sit-in that had halted output since early January before it traded higher on news of a drone att ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.519 on Friday, January 19th
January 22, 2024
Friday, January 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.614, eight cents below Thursday’s closing price of $2.697. Recording the intraday high of $2.625 within minutes of the opening bell, notably mild conditions forecasted to close out the month, a ...
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Market Insights
Heating Oil
Gasoline
Crude
Oil Market Volatility: Middle East Tensions, Global Economy Worries, and Extreme Weather Impact
January 22, 2024
Recap: The oil market traded higher early in the session on Friday but gave up its gains and ended the session in negative territory as the market weighed the Middle East tensions against concerns over global economies and its impact on demand. The market was supported amid conce ...
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Natural Gas
Electricity
Company News
Regulatory News
Regulatory Matters - Fourth Quarter 2023
January 22, 2024
Sprague Regulatory Matters is provided as a courtesy to our customers. Please note that the information contained in Sprague Regulatory Matters is for informational purposes only and should not be construed as legal or business advice on any subject matter. You should not act o ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.697 on Thursday, January 18th
January 19, 2024
Thursday, January 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.824, five cents below Wednesday’s closing price of $2.870. Trading marginally higher to record the intraday high of 2.845 at 9:25AM, prices then returned to trade along $2.800 ahead of the we ...
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Natural Gas
Company News
Energy Insights for Business
Sprague Operating Resources LLC Announces Exclusive Energy Partnership with New York Hospitality and Tourism Association
January 19, 2024
Portsmouth, NH – Sprague Operating Resources LLC., a leading provider of energy solutions and material handling services across the Northeast, is thrilled to announce its designation as the Exclusive Energy Partner for New York's Hospitality and Tourism sector for the year 2024. ...
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Market Insights
Heating Oil
Gasoline
Crude
The market was well supported by the IEA forecasting strong growth in global oil demand
January 19, 2024
Recap: The oil market on Thursday continued to retrace its recent losses and ended the session over 2% higher. The market was well supported by the IEA forecasting strong growth in global oil demand and the EIA reporting a larger than expected draw in crude stocks. The IEA said i ...
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