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The Parties Vying for Control in Libya Reached an Agreement

By Emily Beckett | September 5, 2024 | Comments Off on The Parties Vying for Control in Libya Reached an Agreement

Recap:  The crude market continued to trend lower on Wednesday as bearish sentiment seems to be dominating the narrative. While the market fell sharply on Tuesday following reports that the […]

The Oil Market Sold Off Sharply Following the Long Labor Day Holiday

By Emily Beckett | September 4, 2024 | Comments Off on The Oil Market Sold Off Sharply Following the Long Labor Day Holiday

Recap:  The oil market sold off sharply on Tuesday, following the long Labor Day holiday on Monday, after reports that a deal was imminent to resolve a dispute that has […]

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 Deregulation? Energy deregulation means separating the energy commodity (electricity or natural gas) from its delivery to the end user. Before deregulation, utilities handled both aspects as integrated […]

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 […]