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U.S. oil drillers cut the number of operating rigs for the first cut in five weeks

By spragueoperati | April 26, 2021 | Comments Off on U.S. oil drillers cut the number of operating rigs for the first cut in five weeks

Recap: Oil futures erased some of its losses made this week, as perhaps it was a bit overdone to the downside. Bullish economic data out of the U.S. and Europe […]

Sprague Resources LP Announces Cash Distribution for the First Quarter of 2021 and Earnings Conference Call Schedule

By spragueoperati | April 23, 2021 | Comments Off on Sprague Resources LP Announces Cash Distribution for the First Quarter of 2021 and Earnings Conference Call Schedule

Sprague announces a cash distribution of $0.6675 per unit PORTSMOUTH, N.H., April 23, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors […]

May NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, April 22nd

By spragueoperati | April 23, 2021 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.749 on Thursday, April 22nd

Thursday, April 22nd saw the front-month NYMEX Natural Gas Futures Contract open at an intraday low of $2.666, almost three cents below Wednesday’s closing price of $2.692. Prices rose steadily […]

OPEC and the IEA raised their forecast for global demand growth in 2021

By spragueoperati | April 23, 2021 | Comments Off on OPEC and the IEA raised their forecast for global demand growth in 2021

Recap: Oil futures reversed early losses on Thursday, to squeeze out small gains. A resurgence in the coronavirus pushed oil prices back from last week’s gains as most regions apart from […]

May NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, April 21st

By spragueoperati | April 22, 2021 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.692 on Wednesday, April 21st

Wednesday, April 21st saw the front-month NYMEX Natural Gas Futures Contract open at $2.693, three cents below Tuesday’s closing price of $2.727.  Slipping to an intraday low of $2.666 at […]

Oil prices fell to their lowest level in a week

By spragueoperati | April 22, 2021 | Comments Off on Oil prices fell to their lowest level in a week

Recap: Oil prices fell to their lowest level in a week, with U.S. crude oil inventories rising amid increasing concerns over global demand, as the number of COVID-19 infections continues to […]

May NYMEX Natural Gas Futures Contract Closed at $2.727 on Tuesday, April 20th

By spragueoperati | April 21, 2021 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.727 on Tuesday, April 20th

Tuesday, April 20th saw the front-month NYMEX Natural Gas Futures Contract open at $2.730, two cents below Monday’s closing price of $2.749.  Marking the intraday low of $2.719 soon after […]

Tuesday marked the one-year anniversary of a negative price close for the front-month WTI contract

By spragueoperati | April 21, 2021 | Comments Off on Tuesday marked the one-year anniversary of a negative price close for the front-month WTI contract

Recap: Oil futures jumped in early trading due to a disruption in Libyan exports and expectations that U.S. crude oil inventories fell last week. However, strength in the U.S. dollar […]

Axel Johnson Inc. Agrees to Sell Controlling Interest in Sprague Resources LP to Hartree Partners, LP

By spragueoperati | April 20, 2021 | Comments Off on Axel Johnson Inc. Agrees to Sell Controlling Interest in Sprague Resources LP to Hartree Partners, LP

PORTSMOUTH, N.H., April 20, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (SRLP) (“Sprague”) and Hartree Partners, LP (“Hartree”) announced today that a subsidiary of Axel Johnson Inc. (“Axel Johnson”) has […]

May NYMEX Natural Gas Futures Contract Closed at $2.749 on Monday, April 19th

By spragueoperati | April 20, 2021 | Comments Off on May NYMEX Natural Gas Futures Contract Closed at $2.749 on Monday, April 19th

Monday, April 19th saw the front-month NYMEX Natural Gas Futures Contract open at $2.713, three cents above Friday’s closing price of $2.680.  Falling to an intraday low of $2.695 by […]