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 U.S crude benchmark settled at its lowest in more than a year

February 27, 2020
Recap: Oil futures declined on Wednesday, with the U.S crude benchmark settling at its lowest in more than a year as global energy demand worries fed by the spread of COVID-19 pulled prices down for a fourth consecutive session. Prices briefly turned to the upside after the EIA r ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.847 on Tuesday, February 25th

February 26, 2020
Tuesday, February 25th saw the front-month NYMEX Natural Gas Futures Contract open at $1.852, nearly three cents above Monday’s closing price of $1.827. In quiet day of trading, the intraday high of $1.862 was recorded soon after the opening bell and the intraday low of $1.833 wa ... Read More

The coronavirus continues to pressure the global oil market

February 26, 2020
Recap: The coronavirus continues to pressure the global oil market, as it is still unclear as to how great an impact this will have on demand. Various estimates project that the coronavirus will shave 250,000 bpd to 500,000 bpd off global oil consumption this year. However, virus ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.827 on Monday, February 24th

February 25, 2020
Monday, February 24th saw the front-month NYMEX Natural Gas Futures Contract open at $1.855, five cents below Friday’s closing price of $1.905.  Popping up to an intraday high of $1.867 by 9:10AM, prices soon trended lower and settled along $1.835.  Despite the short-term frigid ... Read More

The oil market sold off sharply on Monday

February 25, 2020
Recap: The oil market sold off sharply on Monday as the spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude.  The market traded in tandem with the global equities as worries about the impact of the virus increased, w ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.905 on Friday, February 21st

February 24, 2020
Friday, February 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.878, four cents below Thursday’s closing price of $1.920.  Climbing from the intraday low upon the market’s opening, prices rose cautiously throughout the morning to cross midday near $1.904 a ... Read More

Oil prices fell on Friday after crude demand see impact of coronavirus outbreak

February 24, 2020
Recap:  Oil prices slid more than 2% on Friday as investors fretted about crude demand being pinched by the economic impact of the coronavirus outbreak, while leading producers appeared to be in no rush to curb output. Despite Thursday’s friendly U.S. Energy Information Administr ... Read More
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Sprague to donate $150,000 in celebration of 150th Anniversary

February 24, 2020
Portsmouth, NH – Sprague Operating Resources LLC, “Sprague,” headquartered in Portsmouth, NH, is celebrating its 150th anniversary in 2020, and in celebration plans to donate $150,000 to nonprofit organizations within its footprint. Each year, Sprague donates more than $100,00 ... Read More
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March NYMEX Natural Gas Futures Contract Closed at $1.955 on Thursday, February 20th

February 21, 2020
Thursday, February 20th saw the front-month NYMEX Natural Gas Futures Contract open at $1.944, just below Tuesday’s closing price of $1.955. Following the open, prices jumped an intraday high of $2.025 at 11:30AM. After hitting its peak, prices fell steeply and steadily to an int ... Read More

Oil prices were supported by a smaller than expected build in U.S. crude oil inventories

February 21, 2020
Recap: Oil prices bounced on Thursday, supported by a smaller than expected build in U.S. crude oil inventories. Prices had been climbing ahead of the supply data, partly on the back of expectations that efforts by China to stimulate the economy will blunt the hit to crude demand ... Read More
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