Market Outlook

Natural Gas Outlook: June Futures Fall 3 Percent

At the New York Mercantile Exchange (NYMEX), the price of the June 2010 futures contract fell about 3 percent, from $4.284 per MMBtu to $4.158 per MMBtu.

Production, Proved Reserves & Drilling In The Ultra-Deepwater Gulf Of Mexico

The oil spill following the April 20 explosion aboard the Deepwater Horizon drilling rig and its subsequent loss, has focused public attention on ultra-deepwater production and its role in the overall supply mix. FULL STORY »

U.S. Average Gasoline & Diesel Fuel Prices Drop Sharply

In the largest weekly decrease since July 13, 2009, the U.S. average price for regular gasoline dropped almost eight cents to $2.79 per gallon, $0.35 higher than last year at this time. FULL STORY »

Natural Gas Outlook: Storage Passes 2,000 Billion Cubic Feet

Natural gas in storage increased to 2,089 Bcf as of May 7, following a 94-Bcf injection. The latest report marked the earliest date at which the total volume of natural gas in underground storage exceeded 2,000 Bcf. As of last Friday, inventories were 18.4 percent above the 5-year average (2005-2009). FULL STORY »

Deepwater Horizon Oil Spill

On April 20, 2010, an explosion and fire occurred on the offshore drilling rig Deepwater Horizon, which had been drilling an exploratory well in approximately 5,000 feet of water in the Gulf of Mexico, 52 miles southeast of Venice, Louisiana. FULL STORY »

U.S. Average Gasoline & Diesel Fuel Prices Drop

The U.S. average price for regular gasoline dipped to $2.86 per gallon, over four cents lower than last week but $0.56 above last year at this time. FULL STORY »

Natural Gas Outlook: Spot Prices Up At Nearly All Market Locations

Natural gas spot prices increased at nearly all market locations in the lower 48 States, with price hikes ranging between 6 and 30 cents per million Btu (MMBtu). The Henry Hub spot price ended the report week yesterday, May 12, at $4.18 per MMBtu, 18 cents higher than the preceding week.

Summer Gasoline & The 3-2-1 Crack Spread

As Memorial Day weekend approaches, many consumers are starting to pay more attention to gasoline prices, which have risen by about 11 cents per gallon since the end of March. FULL STORY »

Retail Gasoline Price Edges Upward

The retail gasoline market saw a small gain on May 10, with the national average retail price for regular motor gasoline moving up nearly penny to $2.91 per gallon. FULL STORY »

Natural Gas Outlook: Consumption Predicted To Increase By 3 Percent In 2010

U.S. Natural Gas Consumption. EIA expects total natural gas consumption to increase by 3.0 percent to 64.4 billion cubic feet per day (Bcf/d) in 2010 and decline by 0.4 percent in 2011. FULL STORY »

U.S. Oil Outlook: U.S. Liquid Fuels Consumption Declines 4 Percent

Estimates for the first quarter of 2010 indicate a 70,000 bbl/d decrease in total consumption compared with the same period last year, primarily because of very mild weather in the Northeast and lower distillate fuel consumption.

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8560 4WD Shuttle

Built for Performance. Modern looking 83 hp workhorse with rugged, cast-iron chassis that provides more weight – resulting in more ... Read More

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