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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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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contract Closed at $2.665 on Wednesday, July 26th
July 27, 2023
Wednesday, July 26th saw the front-month NYMEX Natural Gas Futures Contract open at $2.698, three cents below Tuesday’s closing price of $2.730. Recording the intraday high as markets opened, prices pulled back until it reached an intraday low of $2.625 shortly after 10:30AM. Lik ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contract Closed at $2.730 on Tuesday, July 25th
July 26, 2023
Tuesday, July 25th saw the front-month NYMEX Natural Gas Futures Contract open at $2.680, just below Monday’s closing price of $2.685. Falling to the intraday low of $2.656 soon after 9:00AM, the contract traded along either side of $2.675 until midday. Prompted by a bullish shif ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Continued to Rally a Three-Month High on Tuesday
July 26, 2023
Recap: The oil market continued to rally a three-month high on Tuesday after the market was steady early in the session. The market traded higher ahead of the release of the weekly petroleum stocks reports, which are expected to show draws across the board in crude and product s ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contract Closed at $2.685 on Monday, July 24th
July 25, 2023
Monday, July 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.727, a penny above Friday’s closing price of $2.713. Coming off a pre-session rally, prices jumped to peak at the intraday high of $2.742 within minutes of the open. Seeking direction as summer he ...
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Market Insights
Heating Oil
Gasoline
Crude
Saudi Oil Output Cuts Impacting the Market and the Expectations that Further Stimulus in China Will Continue to Support Prices
July 25, 2023
Recap: The oil market continued to trend higher on Monday as it remained well supported by Saudi oil output cuts impacting the market and the expectations that further stimulus in China will continue to support prices. On Monday, China’s state planner announced measures to prompt ...
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Company News
Sustainability
Sprague Signs Offtake Agreement with Biofine for the Carbon-Negative Biofuel EL100
July 25, 2023
The agreement is a significant step towards decarbonizing the heating oil market and commercializing Biofine’s patented technology. PORTLAND, ME – July 25, 2023 - Biofine Developments Northeast Inc. (Biofi ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contract Closed at $2.713 on Friday, July 21st
July 24, 2023
Friday, July 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.728, three cents below Thursday’s closing price of $2.757. Trading within a two-cent range of the opening marking through the morning hours, tallying the intraday high of $2.746 at 10:15AM, the pr ...
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Natural Gas
Electricity
Company News
Regulatory News
Regulatory Matters - Second Quarter 2023
July 24, 2023
Sprague Regulatory Matters is provided as a courtesy to our customers. Please note that the information contained in Sprague Regulatory Matters is for informational purposes only and should not be construed as legal or business advice on any subject matter. You should not act ...
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Market Insights
Heating Oil
Gasoline
Crude
The Oil Market Continued to Retrace Some of its Previous Losses and Rallied to its Fourth Weekly Gain
July 24, 2023
Recap: On Friday, the oil market continued to retrace some of its previous losses and rallied to its fourth weekly gain. The market was supported amid tightening supplies and economic stimulus in China. Analysts believe the tightness in supply is showing up in inventories, with t ...
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Market Insights
Natural Gas
Basis
NYMEX
August NYMEX Natural Gas Futures Contract Closed at $2.757 on Thursday, July 20th
July 21, 2023
Thursday, July 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.700, ten cents above Wednesday’s closing price of $2.603. Tallying the intraday low of $2.699 within minutes of the open, the contract continued its pre-session momentum to trade near $2.740 ahe ...
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