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Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies.
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Heating Oil
Gasoline
Crude
The IEA released a report stating that output had fallen by 240,000 barrels per day last month
March 18, 2019
Recap: After posting a fresh four month high on Friday, WTI slipped as much as 1.4 percent to a session low of $57.74 a barrel, while Brent fell as much as 1.6 percent, posting a session low of $66.13 a barrel. Concern over a slowing global economy and hearty U.S. production weig ...
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Basis
NYMEX
April NYMEX Natural Gas Futures Contracts Closed at $2.855 on Thursday, March 14th
March 15, 2019
Thursday, March 14th saw the front-month NYMEX Natural Gas Futures Contract open at $2.883, roughly a penny above Wednesday’s closing price of $2.820. Rising to $2.845 early on, prices traded steadily along this mark until the 10:30AM storage publication. Upon the report’s rele ...
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Heating Oil
Gasoline
Crude
The EIA report showed that U.S. crude production dropped to 1.2 million barrels
March 15, 2019
Recap: Oil prices were mixed on Thursday, with Brent retreating from four month highs, while WTI posted a fresh four month high. May Brent crude hit a 2019 peak of $68.14 per barrel before falling to $67.15 a barrel by 1:34 p.m. EST (1617 GMT), down 40 cents from Wednesday’s clos ...
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Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contracts Closed at $2.820 on Wednesday, March 13th
March 14, 2019
Wednesday, March 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.783, nearly even to Tuesday’s closing price of $2.784. Still attempting to claw back Monday’s early losses, prices quickly found support on the backs of an expected bullish inventory withdraw ...
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Company News
Sprague Resources LP Reports Fourth Quarter and Full Year 2018 Results
March 14, 2019
PORTSMOUTH, N.H., March 14, 2019 (GLOBE NEWSWIRE) -- Sprague Resources LP(“Sprague”) (NYSE: SRLP) today reported its financial results for the fourth quarter and twelve months ended December 31, 2018. Fourth Quarter 2018 Highlights Net sales were $1,079.9 million for the ...
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Heating Oil
Gasoline
Crude
The EIA reported a 3.8 million barrel drop in U.S. crude oil inventories
March 14, 2019
Recap: WTI rose to its highest level in 4 four months after the EIA reported a 3.8 million barrel drop in U.S. crude oil inventories. Expectations were calling for a build of 2.7 million. Immediately after the number, April WTI rose as much as 2.1 percent, hitting an intraday hig ...
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Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contracts Closed at $2.784 on Tuesday, March 12th
March 13, 2019
Tuesday, March 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.755, roughly two cents below Monday’s closing price of $2.772. Rising from the intraday low of $2.754 as markets opened, prices stabilized near $2.770 through the morning and persisted into the ...
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Heating Oil
Gasoline
Crude
Oil prices posted modest gains as Venezuela continues to limit exports
March 13, 2019
Recap: Oil prices posted modest gains on Tuesday, propped up after a Saudi official said his country plans to cut oil exports in April, while power outages in Venezuela continue to limit exports from the country. May Brent broke above $67.00 a barrel, while April WTI rose above $ ...
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Natural Gas
Basis
NYMEX
April NYMEX Natural Gas Futures Contracts Closed at $2.772 on Monday, March 11th
March 12, 2019
Monday, March 11th saw the front-month NYMEX Natural Gas Futures Contract open at $2.787, roughly eight cents below Friday’s closing price of $2.865. Losing ground in pre-session trading, markets seemingly established a bottom near $2.785 within minutes of 9:00AM. Spiking early ...
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Heating Oil
Gasoline
Crude
Venezuelan exports continue to decline in the wake of nationwide power outages
March 12, 2019
Recap: WTI bounced off of the $56.00 level on reports that Saudi Arabia plans to lengthen its reduction of crude oil exports, while Venezuelan exports continue to decline in the wake of nationwide power outages. April WTI opened the session trading at unchanged, but quickly bounc ...
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