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
by James Dorman | Oct 31, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Gasoline futures curves are shifting Low distillate stocks supporting ULSD crack spreads Gasoline inventories above the 5-year average Natural gas storage injection below expectations again this week The Matrix In 2008, China hosted the Summer Olympics in Beijing. In... read more
by James Dorman | Oct 23, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Distillate fuel oil price action has been muted Refiners increasing diesel production New supply coming from Venezuela Natural gas storage and price action bearish for winter. The Matrix Price action for distillate fuel oils has been range-bound following an initial... read more
by James Dorman | Oct 16, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Distillate fuel supply remains very tight Developing heating season could keep situation tight Impact of El Nino less clear than earlier thought Natural gas prices now facing weakness The Matrix There are fewer than thirty days of distillate fuel oil available in the... read more
by James Dorman | Oct 10, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Oil industry better positioned to withstand attack on Israel Oil prices now set at open-outcry NYMEX Exchange Alternative oil supplies available, with provisos El Nino points to snowy, warmer winter. The Matrix The attack on Israel this weekend by Hamas was redolent... read more
by James Dorman | Oct 2, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Higher oil prices despite economic uncertainty Tight supply evident at Cushing OK pricing point Demand for propane fell noticeably Natural gas prices struggle to break above $3.00. The Matrix New highs were seen in WTI futures last week. Prices soared to $95.03 and... read more
by James Dorman | Sep 25, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Crude oil rally now extended, may set back Technical measurements are turning lower 50% price retracement is $79.85 The highest natural gas close since August 10th did not break resistance. The Matrix WTI crude oil topped $90 dollars per barrel for the week... read more
by Matt Walker | Sep 18, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
Crude oil could top $100 per barrel Distillate fuel oil supplies remain tight Change in demand mix inhibits growth of distillate supply U.S. LNG exports continue to grow. The Matrix Petroleum prices moved higher last week. Product prices for the week ending... read more
by Matt Walker | Sep 15, 2023 | Featured, Hedging Insights and Analysis, Weekly Energy Market Situation
U.S. crude oil and gasoline inventory levels lose barrels Alternative sources of supply under pressure The U.S. is a net exporter of petroleum products Intense heat limits accumulation of natural gas in storage. The Matrix Product prices ended the week of September 8... read more
