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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....

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...

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...

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...

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...

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...

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...

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...

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...

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...