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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
Heating Oil
Gasoline
Crude
Oil prices slipped as much as 3%
January 23, 2020
Recap: Oil prices slipped as much as 3% as the International Energy Agency forecasted a surplus in supplies and as demand worries overshadowed concern over disruptions to Libya’s crude output. Adding pressure to the market is the spreading of the coronavirus, which originated in ...
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Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $1.895 on Tuesday, January 21st
January 22, 2020
Tuesday, January 21st saw the front-month NYMEX Natural Gas Futures Contract open at $1.949, five cents below Friday’s closing price of $2.003. Gapping lower over the weekend and trading along either side of $1.920 on Monday as the NYMEX trading floor was closed in observation o ...
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Market Insights
Heating Oil
Gasoline
Crude
Investors worry about rising global supplies and a potential slowdown in global economic growth
January 22, 2020
Recap: Crude oil prices finished lower on Tuesday as investor worries about rising global supplies and a potential slowdown in global economic growth overshadowed a supply disruption in the Middle East due to unrest in Libya and Iraq. Crude oil futures experienced a brief stint t ...
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Market Insights
Heating Oil
Gasoline
Crude
The next meeting between representatives of the OPEC+ group of oil producers will take place in March
January 21, 2020
Fundamental News: OPEC’s Secretary General, Mohammad Barkindo, said the next meeting between representatives of the OPEC+ group of oil producers will take place in March. He said none of the participants had asked for the time of the meeting to be changed. Oil supply disrupti ...
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Market Insights
Heating Oil
Gasoline
Crude
Baker Hughes reported that US energy firms added oil rigs for the first time in four weeks
January 20, 2020
Recap: Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal and Senate approval of the U.S.-Mexico-Canada trade pact this week. The r ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.003 on Friday, January 17th
January 20, 2020
Friday, January 17th saw the front-month NYMEX Natural Gas Futures Contract open at $2.037, four cents below Thursday’s closing price of $2.077. Tumbling lower overnight as weather forecasts are now showing that most of the arctic conditions that were headed for the Northeast ar ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.077 on Thursday, January 16th
January 17, 2020
Thursday, January 16th saw the front-month NYMEX Natural Gas Futures Contract open at $2.126, just above Wednesday’s closing price of $2.120. Adding a penny to reach $2.135 ahead of the 10:30AM EIA storage report, prices then jumped to an intraday high of $2.170 as the bullish r ...
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Market Insights
Heating Oil
Gasoline
Crude
Prices gathered strength after the U.S. and China signed the first phase of their trade deal
January 17, 2020
Recap: Oil prices bounced back on Thursday, after settling at their lowest level since December. Prices gathered strength after the U.S. and China signed the first phase of their trade deal and after the U.S. Senate approved the U.S.-Mexico-Canada Agreement. In essence, oil price ...
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Market Insights
Natural Gas
Basis
NYMEX
February NYMEX Natural Gas Futures Contract Closed at $2.120 on Wednesday, January 15th
January 16, 2020
Wednesday, January 15th saw the front-month NYMEX Natural Gas Futures Contract open at $2.118, seven cents below Tuesday’s closing price of $2.187. Falling to an intraday low of $2.104 shortly after the opening bell, conflicting weather reports sank the contract yesterday mornin ...
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Market Insights
Heating Oil
Gasoline
Crude
The EIA reported hefty builds in U.S. gasoline and distillate inventories
January 16, 2020
Recap: Oil prices fell to their lowest level in 6 weeks after the EIA reported hefty builds in U.S. gasoline and distillate inventories, though crude oil inventories unexpectedly decreased. February WTI lost 42 cents, or 0.7%, to settle at $57.81 a barrel. The settlement was the ...
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