by James Dorman | Jan 29, 2024 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Cold weather cuts into petroleum market activity Heating Degree Days explode in Central states Gasoline demand suffers Natural gas inventories show near-record withdrawal The Matrix Energy futures prices moved higher last week. Crude oil added $4.76 to its front-month... read more
by James Dorman | Jan 23, 2024 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Gasoline inventories adequate Spring driving season is next price mover Refinery turnarounds starting early Improved HDDs not enough to support natural gas rally The Matrix With yesterday’s close, front-month RBOB futures have now established a ‘higher... read more
by James Dorman | Jan 8, 2024 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Employment data supportive Large petroleum supply builds are bearish Distillate fuel oil stocks improving; still below average Cold weather outlook overrides natural gas storage situation The Matrix Oil markets felt pressure from several factors last week. Economic... read more
by James Dorman | Jan 3, 2024 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Houthis threaten Red Sea shipping Panama Canal transit affected by El Nino drought Weather models open the potential for colder weather in the Eastern United States The Matrix Ocean shipping carries the vast majority of global crude oil movement. This is generally not... read more
by James Dorman | Dec 26, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
International producer alignments shifting U.S. steps up response to Red Sea Houthi attacks Domestic supply situation eases Natural gas price outlook remains bearish The Matrix International news did not move petroleum prices significantly last week. Angola has now... read more
by James Dorman | Dec 18, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Oil prices move higher Demand estimates for 2024 raised Distillate fuel oil situation eases Natural gas upside faces uphill battle The Matrix An improved economic outlook and projections of expanded world oil consumption gave petroleum futures markets their first... read more
by James Dorman | Dec 11, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Production of crude oil over 13 million barrels daily Petroleum exports take eleven million barrels from U.S. stocks Distillate fuel oil stocks under pressure Natural gas supply exceeds long-term averages The Matrix Oil prices fell for the tenth week since September... read more
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
