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The IEA Kept its 2024 and 2025 Demand Growth Forecasts Below 1 Million Bpd

By Emily Beckett | August 14, 2024 | 0 Comments

Recap:  The oil market posted an inside trading day as it gave up some of Monday’s sharp gains on concerns over demand. The IEA kept its 2024 and 2025 demand […]

September NYMEX Natural Gas Futures Contract Closed at $2.148 on Tuesday, August 13th

By Emily Beckett | August 14, 2024 | 0 Comments

Tuesday, August 13th saw the front-month NYMEX Natural Gas Futures Contract open at $2.214, nearly three cents above Monday’s closing price of $2.189. Ascending to record the intraday high of […]

U.S. Recession Fears Eased and Concerns Over Tensions in the Middle East Intensified

By Emily Beckett | August 13, 2024 | 0 Comments

Recap:  The oil market continued to trend higher for a fifth consecutive session, extending gains seen in the previous week as U.S. recession fears eased and concerns over tensions in […]

September NYMEX Natural Gas Futures Contract Closed at $2.189 on Monday, August 12th

By Emily Beckett | August 13, 2024 | 0 Comments

Monday, August 12th saw the front-month NYMEX Natural Gas Futures Contract open at $2.226, eight cents above Friday’s closing price of $2.143. Attempting to continue last week’s rally, the contract […]

Tightening Supplies Following the Sixth Weekly Drawdown in U.S. Crude Stocks

By Emily Beckett | August 12, 2024 | 0 Comments

Recap:  The oil market traded higher on Friday as it continued to retrace its previous losses seen earlier in the week. The market posted its first weekly gain in five […]

September NYMEX Natural Gas Futures Contract Closed at $2.143 on Friday, August 9th

By Emily Beckett | August 12, 2024 | 0 Comments

Friday, August 9th saw the front-month NYMEX Natural Gas Futures Contract open at $2.182, nearly six cents above Thursday’s closing price of $2.127. Recording the intraday high of $2.187 within […]

What is the Difference Between Renewable Diesel and Biodiesel?

By Emily Beckett | August 9, 2024 | 0 Comments

In the quest for sustainable energy solutions, renewable diesel and biodiesel have emerged as two prominent biofuels. While they are often confused due to their similar origins and goals, renewable […]

Escalating Tensions in the Middle East Offset Demand Concerns That Had Pushed the Market to its Lowest Levels

By Emily Beckett | August 9, 2024 | 0 Comments

Recap:  The crude market on Thursday continued to retrace its recent losses as increasing concerns over escalating tensions in the Middle East offset demand concerns that had pushed the market […]

September NYMEX Natural Gas Futures Contract Closed at $2.127 on Thursday, August 8th

By Emily Beckett | August 9, 2024 | 0 Comments

Thursday, August 8th saw the front-month NYMEX Natural Gas Futures Contract open at $2.081, three cents below Wednesday’s closing price of 2.112. Falling to the intraday low of $2.028 by […]

The Market Recovered From a Sharp Sell Off Prompted By Losses in the Equities Market

By Emily Beckett | August 8, 2024 | 0 Comments

Recap:  The crude market rallied higher on Wednesday in light of a larger than expected draw in crude stocks. The oil market traded to a low of $72.58 in overnight […]