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.

Oil Prices Rebounded in Volatile Trading on Tuesday as the Market Weighed China's Plans to Support its Economy Against a Possible Coronavirus Lockdown

April 27, 2022
Recap: Oil prices rebounded in volatile trading on Tuesday as the market weighed China's plans to support its economy against a possible coronavirus lockdown in its capital Beijing. The Chinese capital Beijing has expanded its COVID-19 mass testing to much of the city of nearly 2 ... Read More
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Oil Futures Fell Again on Monday, as China Ramped Up its COVID Related Lockdowns and as the U.S. Federal Reserve's Aggressive Rate Hike Stance Fueled Recession Fears

April 26, 2022
Recap: Oil futures fell again on Monday, as China ramped up its COVID related lockdowns and as the U.S. Federal Reserve’s aggressive rate hike stance fueled recession fears, which weighed on demand woes. China's COVID-19 woes continued to worsen with 51 new deaths reported on Apr ... Read More
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Oil Futures Fell on Friday by the Prospect of Weaker Global Growth, Higher Interest Rates and COVID Lockdowns in China

April 25, 2022
Recap:  Oil futures fell on Friday pressured by the prospect of weaker global growth, higher interest rates and COVID lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would further tighten supply. The International Monetary Fund, wh ... Read More
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US Benchmark Oil Prices Finish Higher for the Sixth Time in the Past Seven Sessions

April 22, 2022
Recap:  US benchmark oil prices finish higher for the sixth time in the past seven sessions, ending up 1.6% at $103.79 a barrel. Brent Crude for June delivery gained $1.53 per barrel, or 1.43% to $108.33. Yesterday's EIA report on US oil inventories confirmed that while the debat ... Read More
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Wednesday's Concerns Over Tighter Supplies Due to Sanctions Against Russia and the Whopping 8 Million Barrel Drop in U.S. Crude Oil Inventories Overshadowed Tuesday's Worries About Energy Demand

April 21, 2022
Recap:  Wednesday’s concerns over tighter supplies due to sanctions against Russia and the whopping 8 million barrel drop in U.S. crude oil inventories overshadowed Tuesday’s worries about energy demand after the IMF cut its economic growth outlook. Both benchmarks fell about 5% ... Read More
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Oil Futures Sold Off on Tuesday, with Front Month Contracts Falling 5%, After the IMF Reduced its Economic Growth Forecast

April 20, 2022
Recap: Oil futures sold off on Tuesday, with front month contracts falling 5%, after the IMF reduced its economic growth forecast and warned of higher inflation, and as the U.S. dollar strengthened amid continued lockdowns in Shanghai. Traders sold off long positions as renewed d ... Read More
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Ahead of Easter Weekend Holidays, Both Contracts Gained More Than 2.5% on Thursday on News That the European Union Might Phase In a Ban on Russian Oil Imports

April 19, 2022
Recap: At the onset of Monday’s trading session, oil futures were trading close to unchanged, but quickly turned higher as concerns grew about tighter global supplies, with the crisis in Ukraine deepening, raising the prospect of heavier sanctions by the west against Russia, as o ... Read More
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Oil Futures Reversed Early Losses, Showing Signs of Underlying Strength, as They Rose to an Almost Two-Week High

April 18, 2022
Recap: Oil futures reversed early losses, showing signs of underlying strength, as they rose to an almost two-week high. Oil prices traded lower on what appeared to be profit-taking, pushing May WTI to a session low of 102.12. Prices quickly reversed amid unconfirmed reports that ... Read More
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Crude Oil Prices are Drawing Support Off of Russia's Comments on Peace Talks as Russian Oil and Gas Condensate Production Falls Below 10 Million Barrels Per Day

April 14, 2022
Recap: Oil futures were up by more than 3% in early trading on Wednesday as Moscow said peace talks with Ukraine had hit a dead end, fueling supply worries, while weak economic data from China and Japan kept a lid on gains. Crude oil prices are drawing support off of Russia’s com ... Read More
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Oil Prices Rebounded on Tuesday as Russian Oil and Gas Condensate Production Fell to 2020 Lows

April 13, 2022
Recap: Oil prices rebounded on Tuesday as Russian oil and gas condensate production fell to 2020 lows and OPEC warned it would be impossible to replace potential supply losses from Russia. Russian oil and gas condensate production fell below 10 million barrels per day (bpd) on Mo ... Read More
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