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EIA: Summer natural gas prices on track to be the lowest since 1998

6 hours ago DieselGasoil Comments Off on EIA: Summer natural gas prices on track to be the lowest since 1998
7/18/2019 WASHINGTON – In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. If realized, this price would be the lowest summer average Henry Hub natural gas price since 1998. EIA expects Read More

Oil falls nearly 3% as U.S. Gulf production returns

11 hours ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

Oil steadies, shrugging off Iran’s seizure of tanker in Gulf

14 hours ago DieselGasoil Comments Off on Oil steadies, shrugging off Iran’s seizure of tanker in Gulf
LONDON (Reuters) – Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling. FILE PHOTO: The sun sets behind an Read More

Summer natural gas prices on track to be the lowest in more than 20 years

15 hours ago DieselGasoil Comments Off on Summer natural gas prices on track to be the lowest in more than 20 years
July 18, 2019 In its July 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per million British thermal units (MMBtu). If realized, this price would be the lowest summer average Henry Hub natural gas price Read More

Crude futures steady after fall on U.S. oil products stocks gain

24 hours ago DieselGasoil Comments Off on Crude futures steady after fall on U.S. oil products stocks gain
TOKYO (Reuters) – Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Crude futures fall after strong build in U.S. oil products stocks

1 day ago DieselGasoil Comments Off on Crude futures fall after strong build in U.S. oil products stocks
TOKYO (Reuters) – Oil prices fell on Thursday, extending declines into a fourth day, after official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More

Netflix to roll out cheaper mobile-only plan in India

1 day ago DieselGasoil Comments Off on Netflix to roll out cheaper mobile-only plan in India
(Reuters) – Netflix Inc (NFLX.O) said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging. FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake The Read More

Just Energy Group Inc. Announces Option to Extend Maturity Date of Outstanding Convertible Bonds Due July 29, 2019

1 day ago DieselGasoil Comments Off on Just Energy Group Inc. Announces Option to Extend Maturity Date of Outstanding Convertible Bonds Due July 29, 2019
TORONTO, July 17, 2019 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy”) announced today that it has provided notice to holders (the “Bondholders”) of its outstanding USD $22.4 million of its 6.50 per cent Convertible Bonds (the “Bonds”), which are due to mature on 29 July 2019, of an option to extend the maturity Read More

Strong U.S. retail sales boost economic outlook

3 days ago DieselGasoil Comments Off on Strong U.S. retail sales boost economic outlook
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

New EPA ruling expands sale of 15% ethanol blended motor gasoline

3 days ago DieselGasoil Comments Off on New EPA ruling expands sale of 15% ethanol blended motor gasoline
July 16, 2019 Source: U.S. Energy Information Administration, based on data from Growth Energy On May 31, 2019, the U.S. Environmental Protection Agency (EPA) issued a final rule allowing the year-round sale of motor gasoline blends containing up to 15% fuel ethanol, or E15. The ruling increases the availability of E15 blends in the United Read More