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October NYMEX Natural Gas Futures Contract Closed at $2.203 on Tuesday, September 3rd

By Emily Beckett | September 4, 2024 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.203 on Tuesday, September 3rd

Tuesday, September 3rd saw the front-month NYMEX Natural Gas Futures Contract open at $2.132, slightly above Friday’s closing price of $2.127. Entering the market in a down swing following the […]

Concerns About Demand and the Expectation of Increased Supply From OPEC+

By Emily Beckett | September 3, 2024 | Comments Off on Concerns About Demand and the Expectation of Increased Supply From OPEC+

Recap:  The oil market erased its recent gains and posted a weekly decline of 1.71% amid concerns about demand and the expectation of increased supply from OPEC+. The market traded […]

Concerns Over Libya’s Oil Output Outweighed a Smaller Than Expected Draw in U.S. Crude Stocks

By Emily Beckett | August 30, 2024 | Comments Off on Concerns Over Libya’s Oil Output Outweighed a Smaller Than Expected Draw in U.S. Crude Stocks

Recap:  The crude market on Thursday remained steady following two sessions of losses as concerns over Libya’s oil output outweighed a smaller than expected draw in U.S. crude stocks. The […]

October NYMEX Natural Gas Futures Contract Closed at $2.137 on Thursday, August 29th

By Emily Beckett | August 30, 2024 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.137 on Thursday, August 29th

Thursday, August 29th saw the front-month NYMEX Natural Gas Futures Contract open at $2.056, four cents below Wednesday’s closing price of $2.097. Receding to mark an intraday low of $2.026 […]

What Does Energy Deregulation Mean for Businesses in the Northeast?

By Emily Beckett | August 29, 2024 | Comments Off on What Does Energy Deregulation Mean for Businesses in the Northeast?

What is Energy Delivery Service? Whether your business relies on electricity, natural gas, or both, you obtain these services from your local utility company. Utilities are responsible for delivering electricity […]

Concerns Over Chinese Demand and Increased Risks of a Broader Economic Slowdown

By Emily Beckett | August 29, 2024 | Comments Off on Concerns Over Chinese Demand and Increased Risks of a Broader Economic Slowdown

Recap:  The crude market continued to trend lower as demand concerns outweighed geopolitical tensions. The market traded lower due to continuing concerns over Chinese demand and increased risks of a […]

October NYMEX Natural Gas Futures Contract Closed at $2.097 on Wednesday, August 28th

By Emily Beckett | August 29, 2024 | Comments Off on October NYMEX Natural Gas Futures Contract Closed at $2.097 on Wednesday, August 28th

Wednesday, August 28th saw the front-month NYMEX Natural Gas Futures Contract open at $1.890, a penny below Tuesday’s closing price of $1.904. Marking a four-month intraday low of $1.856 within […]

A Potential Shutdown of Most of Libya’s Oil Fields

By Emily Beckett | August 28, 2024 | Comments Off on A Potential Shutdown of Most of Libya’s Oil Fields

Recap:  The oil market posted an inside trading day on a price correction after rallying over the previous three sessions on supply concerns amid fears of widening Middle East conflict […]

September NYMEX Natural Gas Futures Contract Closed at $1.904 on Tuesday, August 27th

By Emily Beckett | August 28, 2024 | Comments Off on September NYMEX Natural Gas Futures Contract Closed at $1.904 on Tuesday, August 27th

Tuesday, August 27th saw the front-month NYMEX Natural Gas Futures Contract open at $1.934, two cents below Monday’s closing price of $1.956. Recording the intraday high of $1.936 within minutes […]

Supply Concerns Amid Reports of Escalating Conflict in the Middle East

By Emily Beckett | August 27, 2024 | Comments Off on Supply Concerns Amid Reports of Escalating Conflict in the Middle East

Recap:  The oil market on Monday continued to trend higher for the third consecutive session on supply concerns amid reports of escalating conflict in the Middle East and output cuts […]