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The Market Remained Supported by Tensions in the Middle East and An Easing of the U.S. Dollar

By Emily Beckett | June 25, 2024 | 0 Comments

Recap:  The crude market traded higher on Monday as the market remained supported by tensions in the Middle East and an easing of the U.S. dollar, which had rallied to […]

July NYMEX Natural Gas Futures Contract Closed at $2.811 on Monday, June 24th

By Emily Beckett | June 25, 2024 | 0 Comments

Monday, June 24th saw the front-month NYMEX Natural Gas Futures Contract open at $2.676, three cents below Friday’s closing price of $2.705. Recording the intraday low of $2.648 in the […]

U.S. Business Activity Increased to a 26 Month High in June Amid a Rebound in Employment

By Emily Beckett | June 24, 2024 | 0 Comments

Recap:  The oil market retraced its earlier gains on Friday and ended the session lower for the first time in four days but still ended the week up $2.68 or […]

Mack Point Open House Recap

By spragueoperati | June 21, 2024 | 0 Comments

Successful Event Showcases Sprague’s Vision for Maine’s Offshore Wind Future On June 11, Sprague Energy hosted an Open House, including three tours at our Mack Point Terminal in Searsport, Maine, […]

The Latest U.S. Inventory Data Showed Crude Oil Stocks Fell Last Week

By Emily Beckett | June 21, 2024 | 0 Comments

Recap:  The oil market traded higher on Thursday after the latest U.S. inventory data showed crude oil stocks fell last week. The market posted a low of $81.13 during Wednesday’s […]

July NYMEX Natural Gas Futures Contract Closed at $2.741 on Thursday, June 20th

By Emily Beckett | June 21, 2024 | 0 Comments

Thursday, June 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.856, five cents be-low Tuesday’s closing price of $2.909. Markets were closed on Wednesday in observance of […]

The Market Rallied on Comments Made by New York Federal Reserve President, John Williams

By Emily Beckett | June 20, 2024 | 0 Comments

Recap:  The oil market on Tuesday continued to trend higher following comments from a Federal Reserve policymaker on the future of interest rate cuts. The market traded mostly sideways in […]

Cleaner Air Ahead for Upstate New York

By spragueoperati | June 19, 2024 | 0 Comments

The New York League of Conservation Voters and Sprague Operating Resources LLC celebrated a significant step towards a greener transportation sector in Upstate New York with the arrival of renewable […]

July NYMEX Natural Gas Futures Contract Closed at $2.909 on Tuesday, June 18th

By Emily Beckett | June 19, 2024 | 0 Comments

Tuesday, June 18th saw the front-month NYMEX Natural Gas Futures Contract open at $2.832, four cents above Monday’s closing price of $2.788. Falling to the intraday low of $2.795 ahead […]

The Market Posted a Weekly Gain for the First Time in Four Weeks After Reports by OPEC+, the IEA, and the EIA Raised Confidence

By Emily Beckett | June 18, 2024 | 0 Comments

Recap:  The crude market traded higher on Monday following last week’s gains as traders turned more optimistic on demand growth. Last week, the market posted a weekly gain for the […]