Market Journal
Low-sulfur diesel part of US inventory rise
June 16, 2006
US inventories of distillate fuel rose by 1.8 million bbl to 120.7 million bbl in the week ended June 2, with a large increase in ultralow-sulfur diesel fuel.
|
June starts with busy market day
June 5, 2006
June began with a busy day on oil and gas markets.
|
Crude prices seesaw
May 26, 2006
Crude prices shot past $71/bbl May 23 with predictions of another strong hurricane season, then fell below $70/bbl in the next session.
|
Soft demand cuts energy prices
May 15, 2006
Two reports of reduced demand undercut energy prices on May 12.
|
Political, financial problems batter markets
May 8, 2006
The June crude contract climbed above $70/bbl May 5 in New York as the US, UK, and France pushed the United Nations Security Council for a resolution demanding Iran quit enriching uranium.
|
Iran, ethanol roil energy prices
May 1, 2006
After falling during four consecutive sessions, crude futures prices rebounded above $72/bbl during intraday trading Apr. 28 in the New York market.
|
Ethanol switch raises prices
April 24, 2006
Crude futures prices shot up 19% from early March through late April, with the June contract for benchmark US light, sweet crudes closing at a record $75.17/bbl on Apr. 21.
|
IEA lifts 2004, 2005 demand estimates
April 20, 2006
The International Energy Agency increased its 2004 and 2005 estimates of world oil demand by 300,000 b/d due to growth in the Middle East and Asia.
|
'De facto' cut in OPEC output noted
April 10, 2006
OPEC already has made a "de facto" production cut of nearly 1 million b/d over the past several months, an oil analyst says.
|
US inventory comfort zone questioned
March 31, 2006
A Swiss firm says the US needs more crude in storage now than it did the last time inventories were at current levels.
|
IEA, OPEC reduce demand forecasts
March 20, 2006
The International Energy Agency, in its March Oil Market Report, reduced its 2006 global oil demand growth forecast by 290,000 b/d to 1.49 million b/d.
|
Natural gas prices spiral down
March 13, 2006
With the US heating season officially expiring at the end of March, natural gas prices continued spiraling down earlier this month.
|
Saudi attack boosts prices
February 27, 2006
April crude futures prices jumped above $63/bbl Feb. 24 in New York after Saudi Arabian security forces foiled a suicide attack on the Abqaiq production and processing center.
|
Prices change with supply outlook
February 20, 2006
Crude futures prices dropped below $58/bbl Feb. 15 for the first time since November in New York, capping 6 weeks of unusually large increases in US inventories.
|
Gasoline supply suppresses energy prices
February 10, 2006
Energy futures prices across the board were falling Feb. 8 following a report that US gasoline inventories had soared to an 11-month high.
|
Crude, gas markets seesaw
February 6, 2006
Crude and natural gas futures prices peaked in intraday trading Feb. 1 at their highest levels in weeks before spiraling down among mixed market signals.
|
US weather boosts energy price volatility
January 10, 2006
With weather still the primary influence over US energy marekts, price volatility increased through December and into January, particularly for natural gas.
|
Yearend crude prices top $61/bbl
January 3, 2006
Energy futures prices continued to climb Dec. 30, the last trading day of 2005.
|
Gas futures prices hit record highs
December 12, 2005
Natural gas futures prices hit record highs Dec. 8 in the New York market as a storm that dumped as much as 10 in. of snow on Midwest plains threatened the northeastern US.
|
December cold increases energy prices
December 5, 2005
After a warm November that undercut demand, energy prices rallied in early December on indications of sustained US economic growth and predictions for below-normal temperatures.
|
