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Sprague Operating Resources Makes History Supplying First Renewable Diesel Retail Station in NYC

January 12, 2024
BROOKLYN, NY (January 12, 2024) – New York City took a monumental step towards clean air and a sustainable future yesterday, Thursday, January 11th, with the grand opening of the city's first retail fuel station dispensing renewable diesel. This historic collaboration between Spr ... Read More
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The Market Was Well Supported By News That Iran Seized a Tanker Off the Coast of Oman

January 12, 2024
Recap:  The oil market on Thursday continued to trade within Monday’s trading range for the third consecutive session as it retraced Wednesday’s losses on escalating tensions in the Middle East. The market was well supported by news that Iran seized a tanker off the coast of Oman ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $3.039 on Wednesday, January 10th

January 11, 2024
Wednesday, January 10th saw the front-month NYMEX Natural Gas Futures Contract open at $3.006, eighteen cents below Tuesday’s closing price of $3.190. A bearish shift overnight in the impending arctic conditions directed prices lower early Wednesday morning, though prices found s ... Read More

Yemen's Houthis Launched Their Largest Missile and Drone Attack to Date on Ships in the Red Sea

January 11, 2024
Recap:  The oil market on Wednesday continued to trade within Monday’s trading range as it erased its earlier gains and sold off following an unexpected build in crude stocks. The crude market erased some of Tuesday’s gains in overnight trading before it bounced higher ahead of t ... Read More
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Concerns Over Tensions in the Middle East and the Reduced Libyan Output

January 10, 2024
Recap:  The oil market posted an inside trading day on Tuesday following Monday’s sharp selloff that was prompted by Saudi Arabia’s signal that it aimed to remain competitive in the market with its cut to its official crude selling prices. The market continued to weigh softer mar ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $3.190 on Tuesday, January 9th

January 10, 2024
Tuesday, January 9th saw the front-month NYMEX Natural Gas Futures Contract open at $3.114, thirteen cents above Monday’s closing price of $2.980. Trading sideways through 10:00AM near $3.110, prices withdrew to an intraday low of $3.035 by 10:55AM. Bolstered by growing confidenc ... Read More

February NYMEX Natural Gas Futures Contract Closed at $2.980 on Monday, January 8th

January 9, 2024
Monday, January 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.753, fourteen cents below Friday’s closing price of $2.893. Touching base with market fundamentals early on, with ample storage, prices recorded the intraday low of $2.694. Refocusing on the mor ... Read More

The Oil Market Sold Off Sharply on Monday on Price Cuts By Saudi Arabia

January 9, 2024
Recap:  The oil market sold off sharply on Monday on price cuts by Saudi Arabia, the latest sign that fundamentals are worsening. It offset supply concerns generated by escalating geopolitical tension in the Middle East. The crude market was pressured after Saudi Aramco on Sunday ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.893 on Friday, January 5th

January 8, 2024
Friday, January 5th saw the front-month NYMEX Natural Gas Futures Contract open at $2.690, thirteen cents below Thursday’s closing price of $2.821. Marking the intraday low of $2.687 by 9:05AM, prices then moved decidedly upward as profit-taking subsided, and traders refocused on ... Read More

The Market Ended the First Week of the Year Higher After Retracing Thursday's Losses

January 8, 2024
Recap:  On Friday, the crude market continued to trend higher on concerns over escalating tensions in the Middle East and disruptions to global supply. The market ended the first week of the year higher after retracing Thursday’s losses that were triggered by the larger than expe ... Read More
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