by James Dorman | Dec 4, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
OPEC cuts are voluntary Angola rejects mandate to cut output U.S. distillate fuel oil inventory situation may be improving Natural gas outlook growing more bearish The Matrix Strains among OPEC+ members appear to be growing. Last week, the group announced a production... read more
by James Dorman | Nov 27, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
OPEC meeting delayed until November 30th African producers unhappy with proposed lower production levels ULSD futures moving lower with trendline January 2024 natural gas futures under $3.00 The Matrix Brent crude oil prices topped out on September 28th at $97.69.... read more
by James Dorman | Nov 20, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Distillate fuel oil supplies very tight Crude oil prices pullback Natural gas situation becoming more bearish Happy Thanksgiving from the Powerhouse Team The Matrix Crude oil prices reversed sharply higher on Friday, following a $72.37 Thursday low. The recovery was... read more
by James Dorman | Nov 14, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
OPEC+ producers holding to production cuts Global oil demand under pressure U.S. consumer price increases moderating Natural gas supply increasing. The Matrix Oil prices have been softening over the past few weeks. A modestly bullish opening on Monday, November 13 was... read more
by James Dorman | Nov 7, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
EIA delays the release of inventory and storage data until next week U.S. propane inventories above the 5-year range Drought slowing ships transporting energy through the Panama Canal Global natural gas inventories full ahead of winter The Matrix A warm winter last... read more
