COVID-19 Response
Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies. Download PDF Reader.

IR Energy reported that U.S. oil refiners are expected to shut in 3.7 million bpd of capacity

January 19, 2021
Fundamental News: IIR Energy reported that U.S. oil refiners are expected to shut in 3.7 million bpd of capacity in the week ending January 22nd, increasing available refining capacity by 191,000 bpd from the previous week.  Offline capacity is expected to fall to 3.5 million bpd ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.737 on Friday, January 15th

January 18, 2021
Friday, January 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.774, a penny above Thursday’s closing price of $2.666.  Ascending to an intraday high of $2.800 by 9:20AM, the contract then withdrew to stabilize near the $2.720 level at 11:15AM.  Trading alo ... Read More

Oil prices turned lower on Friday

January 18, 2021
Recap: Oil prices turned lower on Friday, as lockdowns in China fueled demand concerns due to coronavirus lockdowns. Demand woes tempered the rally driven by strong Chinese oil imports, the roll out of vaccines and U.S. plans for a large stimulus package. Strength in the U.S. dol ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.666 on Thursday, January 14th

January 15, 2021
Thursday, January 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.736, a penny above Wednesday’s closing price of $2.727.  Ascending to $2.760 ahead of 10:00AM, prices jumped to an intraday high of $2.791 as the weekly storage publication was released.  Bre ... Read More

Oil futures turned higher on Thursday

January 15, 2021
Recap: Oil futures turned higher on Thursday, boosted by weakness in the dollar and signs of healthy imports by China, but concern over demand kept limited moves to the upside. China’s imports rose 7.3% in 2020, reaching record levels, as refiners ramped up production and lowered ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.727 on Wednesday, January 13th

January 14, 2021
Wednesday, January 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.786, three cents above Tuesday’s closing price of $2.753.  Choppy trading ensued throughout the morning hours, covering an eight-cent range and eventually climbing to an intraday high of $2. ... Read More

U.S. crude oil inventories are about 8% above the five-year average

January 14, 2021
Recap: Oil prices fell on Wednesday, ending six consecutive sessions of gains for WTI, pressured by a gain in the U.S. dollar and increases in both gasoline and heating oil inventories. WTI slipped off of its highest level in almost a year, partly due to profit-taking, as near te ... Read More
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Oil futures reached their highest level in 11 months

January 13, 2021
Recap: Oil futures reached their highest level in 11 months, bolstered by renewed weakness in the U.S. dollar, as traders continue to buy on hopes Saudi Arabia’s plans to limit supplies would offset weak demand due to the coronavirus. Oil prices were also gaining as equites stage ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $2.747 on Monday, January 11th

January 12, 2021
Monday, January 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.668, three cents below Friday’s closing price of $2.700.  Slipping to an intraday low of $2.620, buyers then entered the market and drove the contract higher through the balance of the day.  Cr ... Read More

Oil futures retreated from 10-month highs

January 12, 2021
Recap: Oil futures retreated from 10-month highs, as the U.S. dollar posted slight gains, amid rising concern over the number of new coronavirus cases in China. However, oil prices managed to squeeze out slight gains. WTI outperformed Brent, as other members within OPEC followed ... Read More
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