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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 futures gave up earlier losses to settle higher Monday
June 16, 2020
Recap: Oil futures gave up earlier losses to settle higher Monday, buoyed by declines in global crude production even as the potential for a fresh hit to energy demand climbed on the back of apparent global increases in new cases of coronavirus. In early trading, July WTI traded ...
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Heating Oil
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U.S. crude oil inventories have risen to a record 538.1 million barrels
June 15, 2020
Recap: A resurgence of COVID-19 cases combined with concerns over the glum global economic outlook to push oil prices lower on Friday. July WTI fell over 8% on the week, the first weekly fall since April. Fears that the coronavirus pandemic may be far from over has brought the ra ...
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Heating Oil
Gasoline
Crude
Crude oil prices fell more than 8% on Thursday
June 12, 2020
Recap: Crude oil prices fell more than 8% on Thursday, posting the biggest one-day loss in six weeks, as U.S. crude oil inventories increased, the number of coronavirus cases grew and a gloomy economic outlook by the Federal Reserve, combined to crush hopes of an economic recover ...
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Heating Oil
Gasoline
Crude
The EIA reported an increase of 5.7 million barrels in last week’s inventory report
June 11, 2020
Recap: Oil futures climbed for the second straight session, despite U.S. crude oil stockpiles rising to record levels. Prices had spent part of the session trading to the downside after the EIA reported an increase of 5.7 million barrels in last week’s inventory report, but the d ...
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Heating Oil
Gasoline
Crude
The Bureau of Safety and Environmental Enforcement reported that 31% of U.S. Gulf of Mexico oil production remained offline
June 10, 2020
Recap: Crude oil futures gave early losses on Tuesday to close higher on the day, on increased expectations for a rebound in energy demand. Prices spent most of the session trading to the downside, pressured by concerns above compliance with the newly-extended agreement by OPEC+ ...
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Heating Oil
Gasoline
Crude
OPEC+ agreed to extend current production cuts through July
June 9, 2020
Recap: Oil futures settled lower on Monday, with prices down more than 3% as traders focused on the potential for higher production from the US, Mexico and Libya. Meanwhile, OPEC+ agreed to extend current production cuts through July, Saudi Arabia, the UAE and Kuwait have no plan ...
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Heating Oil
Gasoline
Crude
The major oil producers are expected to reach an official agreement to extend record production cuts
June 8, 2020
Recap: Oil prices rose on Friday after an unexpected fall in the May U.S. unemployment rate and OPEC’s decision to bring forward to Saturday discussions on whether to extend record production cuts. The major oil producers are expected to reach an official agreement to extend reco ...
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Heating Oil
Gasoline
Crude
High oil producer compliance to output cuts contributed to a third straight climb
June 5, 2020
Recap: Trading in oil futures started out to the downside on Thursday, but then grinded higher in what was a lackluster session. High oil producer compliance to output cuts contributed to a third straight climb, even as questions were raised about the potential for an extension o ...
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Heating Oil
Gasoline
Crude
Oil prices finished at their highest level in three months
June 4, 2020
Recap: Oil prices finished at their highest level in three months on Wednesday, as news that OPEC+ producers have reached an agreement to extend recent production cutbacks into July. While weekly declines in U.S. crude stockpiles and supplies at the Cushing, Okla. storage hub rep ...
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Heating Oil
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Crude
Crude oil futures jumped by more than $1 a barrel on Tuesday
June 3, 2020
Recap: Crude oil futures jumped by more than $1 a barrel on Tuesday after it was reported that Saudi Arabia was in favor of extending cuts one to three months longer and as worldwide coronavirus restrictions continue to ease. Major producers, including Russia have said they would ...
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