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 Market Sold Off Sharply on Tuesday

January 4, 2023
Recap : The oil market sold off sharply on Tuesday following the long New Year’s holiday weekend. The market was pressured by weak demand data from China and a gloomy economic outlook. China’s government raised its export quotas for refined oil products in the first batch for 202 ... Read More
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February NYMEX Natural Gas Futures Contract Closed at $4.475 on Friday, December 30th

January 3, 2023
The January NYMEX Natural Gas Futures Contract settled at $4.709 on Wednesday December 28th. Markets were closed yesterday in observance of the New Year holiday. Friday, December 30rd saw the February NYMEX Natural Gas Futures Contract open at $4.475, eight cents below Thur ... Read More

WTI Finished the Year Above $80 a Barrel

January 3, 2023
Recap: WTI finished the year above $80 a barrel, with the February contract climbing $1.86, or 2.37%, to close the session at $80.26 a barrel. This represents a gain of $5.05 per barrel, or 6.71% to $80.26 this year. Brent tacked on $8.13, or 10.45% this year, gaining $2.45, or 2 ... Read More
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Oil Futures Fell Despite a Weak Dollar and Strong Equities

December 30, 2022
Recap :  Oil prices fell for a second straight session on Thursday on an uncertain demand outlook as more countries considered restrictions on Chinese travelers with COVID-19 infections spreading in the top oil-importing nation. Oil futures fell despite a weak dollar and strong e ... Read More
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Oil Futures Ended Lower on Wednesday

December 29, 2022
Recap:  Oil futures ended lower on Wednesday, with optimism over the demand outlook stemming from China’s continued relaxation of COVID-19 curbs offset by a surge in cases of the disease. A somewhat firmer dollar also lent pressure to this market. Earlier this month, China moved ... Read More
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Severe Weather in the U.S. Cut Into Output Amid Some Outages

December 28, 2022
Recap: Oil futures pulled back from early gains in a thinly traded market, as investors have been trying unsuccessfully for a month to gauge exactly when the Chinese economy may emerge from COVID restrictions. Oil prices had gained earlier in the session as severe weather in the ... Read More
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Several of the Largest U.S. Refineries Were Shut on Friday

December 27, 2022
Fundamental News:  TC Energy Corp said it will start returning to service its Keystone Pipeline’s idled segment to Cushing, Oklahoma in the next several days after a U.S. regulator approved its restart plan. It said “our onsite activities will continue despite adverse weather, al ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $4.999 on Thursday, December 22nd

December 23, 2022
Thursday, December 22nd saw the January NYMEX Natural Gas Futures Contract open at $5.215, twelve cents below Wednesday’s closing price of $5.332. Ascending to the intraday high of $5.425 ahead of 10:00AM, prices fell to $5.350 ahead of the weekly storage publication. Losing grou ... Read More

Oil futures fell on Thursday in a volatile trading session

December 23, 2022
Recap: Oil futures fell on Thursday in a volatile trading session as the impact of tighter U.S. crude oil supplies due to a winter storm in the U.S. was outweighed by fears that Federal Reserve interest rate hikes and China’s rising COVID cases would crimp demand. February WTI fe ... Read More
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January NYMEX Natural Gas Futures Contract Closed at $5.332 on Wednesday, December 21st

December 22, 2022
Wednesday, December 21st saw the January NYMEX Natural Gas Futures Contract open at $5.519, nineteen cents above Tuesday’s closing price of $5.326. Tallying the intraday high of $5.609 by 9:15AM, the contract’s overnight gains can be attributed to production disruptions amidst ch ... Read More
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