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.

ADNOC eased supply cuts in line with an OPEC+ agreement to increase production by 500,000 bpd

December 28, 2020
Fundamental News:  Abu Dhabi National Oil Company has kept crude supply reductions to term customers in Asia mostly steady in February versus January.  ADNOC notified its customers that their February term supplies for Murban and Das crude will be reduced by 18% to 20% while Umm ... Read More
Download

Oil futures rose after EIA showed draws in U.S. inventories

December 24, 2020
Recap:  Oil futures rose sharply on Wednesday after the EIA showed draws across the board in U.S. inventories. While inventories for crude oil showed a smaller than expected decline, stockpiles for gasoline and distillates fell more than expected, raising trader’s hopes that dema ... Read More
Download

OPEC and other major producers are set to increase output by 500,000 barrels per day starting in January

December 23, 2020
Recap: Oil futures ended lower on Tuesday, marking the second straight day of losses, as a new strain of COVID-19 reignited concerns over demand and a global economic recovery. Due to the discovery of the mutation in the UK, several countries have closed their borders with Great ... Read More
Download

Oil futures slipped on Monday

December 22, 2020
Recap: Oil futures slipped on Monday amid fears that the new strain of COVID-19 found in the UK will put additional pressure on demand. Several countries have already closed their borders to British travelers, and at this point, a lot depends on whether or not the new strain will ... Read More
Download

Oil futures settled at their highest level since February

December 21, 2020
Recap: Oil futures settled at their highest level since February, gaining for the seventh week in a row, as the vaccine rollout for COVID-19 continues and on heightened optimism that U.S. lawmakers would reach an economic relief package. Approval for Moderna’s vaccine is nearing ... Read More
Download

Oil futures settled higher on signs of progress on another US stimulus package

December 18, 2020
Recap: Oil futures settled higher for the fourth straight session, as signs of progress have been seen in U.S. lawmakers reaching a second round of economic relief. Oil prices jumped to fresh nine month highs, as vaccine rollouts continued, and as Asian demand remains hearty. A s ... Read More
Download

Crude oil market traded higher after the EIA reported a decline in U.S. crude oil stocks

December 17, 2020
Recap: The crude oil market traded higher, in lock step with equities, after the EIA reported a decline in U.S. crude oil stocks, as more COVID-19 vaccines were announced, and on increasing hope that an agreement for an economic stimulus package out of Washington. However, recent ... Read More
Download

Oil futures rose to a more than nine month high

December 16, 2020
Recap: Oil futures rose to a more than nine month high, boosted by trader confidence, as the rollout of the COVID-19 vaccine began its second day in the U.S. and on hopes that lawmakers in Washington would reach an agreement on a second economic stimulus relief package. Signs of ... Read More
Download

OPEC stated in a monthly report that global oil demand will rebound more slowly in 2021

December 15, 2020
Recap: After a choppy trading session, oil futures ended higher on Monday. The trading session opened with prices trading slightly to the upside, as the rollout of the COVID-19 vaccine got underway in the U.S., raising hopes that the economy would improve, taking demand along wit ... Read More
Download

Baker Hughes reported that U.S. energy firms added the most oil and natural gas rigs in a week since January

December 14, 2020
Recap: Oil futures ended lower on Friday, but gained for the fifth straight week, as traders remain hopeful over the progress on the vaccines for the COVID-19 virus. Signs of strong demand out of Asia and other areas also gave strength to the market. Underlying fundamentals are m ... Read More
Download
Displaying results 821-830 (of 1556)
 |<  <  79 - 80 - 81 - 82 - 83 - 84 - 85 - 86 - 87 - 88  >  >| 

Search

Tags