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.

The EIA showed that overall products supplied remained down 13% on the year

October 22, 2020
Recap: Oil futures declined on Wednesday after the EIA showed that overall products supplied, a proxy for demand, remained down 13% on the year and over the past four weeks when compared with the year ago period. The report also showed that domestic crude supplies fell for a seco ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.913 on Tuesday, October 20th

October 21, 2020
Tuesday, October 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.900, eleven cents below Monday’s closing price $2.795.  Ascending to a 21-month intraday high of $2.950 at 9:40AM, below average temperatures in much of the U.S. and increased LNG exports have ... Read More

Prices found support from expectations for a weekly drop in U.S. crude oil inventories

October 21, 2020
Recap: Oil prices erased early losses, to close near session highs, on hopes that the U.S. would reach a stimulus deal. Prices also found support from expectations for a weekly drop in U.S. crude oil inventories. Prices jumped just ahead of the expiration of the November WTI cont ... Read More
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Biofine and Sprague work together to market next generation of biofuels

October 20, 2020
PORTLAND, ME – October 20, 2020 -  Biofine Developments Northeast Inc. (Biofine) and Sprague Resources LP (Sprague) (NYSE: SRLP) are pleased to announce a transaction focused on bringing the next generation of advanced biofuel, ethyl levulinate (EL), to the market.  Biofine and S ... Read More

November NYMEX Natural Gas Futures Contract Closed at $2.795 on Monday, October 19th

October 20, 2020
Monday, October 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.712, six cents below Friday’s closing price $2.773.  Falling to an intraday low of $2.666 within minutes of the opening bell, prices then whipsawed to the upside.  Crossing midday near $2.790, ... Read More

Oil futures finished slightly lower on Monday

October 20, 2020
Recap: Oil futures finished slightly lower on Monday, as U.S. government officials failed to reach a stimulus agreement, while concern over surging COVID-19 cases continued to keep prices under pressure. A committee meeting between OPEC+ members also failed to supply support for ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.773 on Friday, October 16th

October 19, 2020
Friday, October 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.831, six cents above Thursday’s closing price $2.775.  Recording an intraday high of $2.848 within minutes of 9:00AM, the contract soon trended lower as end-of-month colder temperatures came in ... Read More

The rise in the number of COVID-19 cases across the globe continues to weigh on demand

October 19, 2020
Recap: Oil futures fell on Friday, as the rise in the number of COVID-19 cases across the globe continues to weigh on demand. OPEC and its ally producers including Russia, fear a prolonged second wave of the pandemic and a jump in Libyan output could push the oil market into surp ... Read More
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November NYMEX Natural Gas Futures Contract Closed at $2.775 on Thursday, October 15th

October 16, 2020
Thursday, October 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.795, sixteen cents above Wednesday’s closing price $2.636.  Buoyed overnight by traders squaring their positions ahead of yesterday’s report and a possible increase in LNG demand, as weather ... Read More

Oil prices ended slightly lower on Thursday

October 16, 2020
Recap: Oil prices ended slightly lower on Thursday, as rising cases of the coronavirus prompted fresh lockdowns in Europe, raising concern that additional shutdowns will follow, thereby decreasing demand. The bigger than expected 3.8 million barrel decline in U.S. crude oil inven ... Read More
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