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.

January NYMEX Natural Gas Futures Contract Closed at $2.305 on Monday, December 28th

December 29, 2020
Monday, December 28th saw the front-month NYMEX Natural Gas Futures Contract open at $2.259, significantly lower than Thursday’s closing price of $2.519. Prices quickly dropped to an intraday low of $2.238 at 9:10AM. From there, prices began a staggered ascent, reaching an intrad ... Read More

ADNOC eased supply cuts in line with an OPEC+ agreement to increase production by 500,000 bpd

December 28, 2020
Fundamental News:  Abu Dhabi National Oil Company has kept crude supply reductions to term customers in Asia mostly steady in February versus January.  ADNOC notified its customers that their February term supplies for Murban and Das crude will be reduced by 18% to 20% while Umm ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.519 on Thursday, December 24

December 28, 2020
Thursday, December 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.582, two cents above Wednesday’s closing price $2.606.  Prices rose to an intraday high of $2.632 at 10:50AM, before steadily declining to an intraday low of $2.515 at 1:20PM. The January co ... Read More

Oil futures rose after EIA showed draws in U.S. inventories

December 24, 2020
Recap:  Oil futures rose sharply on Wednesday after the EIA showed draws across the board in U.S. inventories. While inventories for crude oil showed a smaller than expected decline, stockpiles for gasoline and distillates fell more than expected, raising trader’s hopes that dema ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.780 on Tuesday, December 22nd

December 23, 2020
Tuesday, December 22nd saw the front-month NYMEX Natural Gas Futures Contract open at $2.787, eight cents above Monday’s closing price $2.705.  Trickling downward to an intraday low of $2.764 by 10:00AM, the overnight jump in prices was likely due to colder temperatures entering ... Read More

OPEC and other major producers are set to increase output by 500,000 barrels per day starting in January

December 23, 2020
Recap: Oil futures ended lower on Tuesday, marking the second straight day of losses, as a new strain of COVID-19 reignited concerns over demand and a global economic recovery. Due to the discovery of the mutation in the UK, several countries have closed their borders with Great ... Read More
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Oil futures slipped on Monday

December 22, 2020
Recap: Oil futures slipped on Monday amid fears that the new strain of COVID-19 found in the UK will put additional pressure on demand. Several countries have already closed their borders to British travelers, and at this point, a lot depends on whether or not the new strain will ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.700 on Friday, December 18th

December 21, 2020
Friday, December 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.677, four cents above Thursday’s closing price $2.636.  Trading along either side of $2.690 for the majority of the day, prices rose to an intraday high of $2.720 at 11:00AM and fell to an int ... Read More

Oil futures settled at their highest level since February

December 21, 2020
Recap: Oil futures settled at their highest level since February, gaining for the seventh week in a row, as the vaccine rollout for COVID-19 continues and on heightened optimism that U.S. lawmakers would reach an economic relief package. Approval for Moderna’s vaccine is nearing ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $2.636 on Thursday, December 17th

December 18, 2020
Thursday, December 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.682, nearly a penny above closing price $2.677.  Trading along $2.685 through 10:00AM, the contract rose to an intraday high of $2.709 ahead of the weekly storage release.  Tumbling downward ... Read More
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