Updates from Northland Energy Trading

  • Petroleum Status Report 12/16/2020
    Commercial crude oil inventories fell by 3.14mb last week, outpacing the 1.92mb dip predicted by analysts, as net imports and production slowed. US inventories fell to 500.1mb, but this drop was seasonal and this level is still well above... Read more

  • Propane News & Numbers 12/16/2020
     Benchmark propane prices strengthened along with crude futures yesterday. Brent gained 0.9% and WTI climbed 1.3% higher with strength in equities and weakness in the US dollar, despite bearish demand forecast revision by the IEA. Mt. Belvieu TET propane climbed... Read more

  • Market News 12/16/2020
    Crude futures were trading flat to higher in the overnight session on Wednesday amid gains in US and European equities and continued weakness in the US dollar, despite bearish US crude oil inventory data from the American Petroleum Institute (API). Market participants looked ahead to... Read more

  • Energy Report 12/15/2020
    Petroleum futures strengthened further today amid gains in US equities and weakness in the US dollar, despite fresh lockdowns in Europe and a bearish revision to its oil demand forecast by the IEA. The International Energy Agency cut its 2020 oil demand forecast by 50kb/d and also revised down its 2021... Read more

  • Market News 12/15/2020
    Petroleum futures were little changed and mixed on both sides of the unchanged mark as of this writing in the overnight session on Tuesday, with strength in equities and weakness in the US dollar likely providing support, whereas the monthly oil market report from the International Energy Agency brought bearish global oil... Read more

  • Energy Report 12/14/2020
    The complex saw see-saw trade today, opening higher amid geopolitical tensions, strength in equities, weakness in the US dollar, and optimism with coronavirus vaccine distribution starting in the US, but turning lower following release of a bearish monthly oil market report from OPEC. Futures recovered to settle higher. In supportive news today, a tanker was the ... Read more

  • Propane News & Numbers 12/14/2020
    Along with crude futures prices, propane prices slipped lower on Friday. Brent crude shed 0.6% and WTI edged down 0.4% amid weakness in US and European shares, strength in the dollar, and ... Read more

  • Market News 12/14/2020
    Petroleum futures were trading in the black in the overnight session on Monday amid a tanker explosion in Saudi Arabia, hopes on COVID-19 vaccines, gains in European shares and in US stock market index futures, as well as weakness in the US dollar. Market participants had... Read more

  • Energy Report 12/11/2020
    In US news, the PPI-Final Demand showed producer price inflation of 0.1% last month, matching expectations. Excluding the volatile components of food, energy, and trade services, prices also rose 0.1% - under the 0.2% expectation. US consumer sentiment firmed ... Read more

  • Market News 12/11/2020
    Petroleum futures were trading flat to higher in the overnight session on Friday despite losses in European shares and in US stock market index futures, as well as strength in the US dollar. Reuters reports that the OPEC+ joint ministerial monitoring committee (JMMC) meeting will now take place on December 16, one day before... Read more