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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
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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Heating Oil
Gasoline
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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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Heating Oil
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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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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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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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Heating Oil
Gasoline
Crude
Oil prices climbed on Tuesday after five days of declines
January 15, 2020
Recap: Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased. Additionally, oil also found technical support after WTI fell to a more than five-week low of $57.72 before ...
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Heating Oil
Gasoline
Crude
Oil futures fell for a fifth session in a row on Monday
January 14, 2020
Recap: Oil futures fell for a fifth session in a row on Monday, with the U.S. benchmark logging its lowest finish in almost six weeks as the immediate risk of a bigger U.S.-Iran conflict continued to fade, easing worries about potential global supply disruptions. Traders turned t ...
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Heating Oil
Gasoline
Crude
Drillers cut 11 oil rigs in the week ending January 10th bringing the total count down to 659
January 13, 2020
Recap: The oil market posted an inside trading day on Friday after failing to breach Thursday’s trading range. The market opened slightly higher and traded to a high of $59.78 early in the morning. However, the oil market continued to erase its gains and posted a low of $58.85 ...
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Heating Oil
Gasoline
Crude
The oil market on Thursday sold off further, adding to the losses posted on Wednesday
January 10, 2020
Recap: The oil market on Thursday sold off further, adding to the losses posted on Wednesday on the back of increasing US crude stocks and easing fears of an escalation on conflict between the US and Iran. The market seemed ready to post an inside trading day as it traded mostly ...
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Heating Oil
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The crude market sold off from a high not seen since late April
January 9, 2020
Recap: The crude market sold off from a high not seen since late April in early trading on Wednesday after an Iranian ballistic missile attack on US-led forces in Iraq had no impact on oil infrastructure or crude flows. The crude market posted a high of $65.65, a level not seen ...
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