Updates from Northland Energy Trading

  • Propane News & Numbers 12/10/2020
     Propane prices fell over two cents yesterday, their second session lower following a four-session rally at Mt. Belvieu. The losses came despite ... Read more

  • Market News 12/10/2020
    Crude oil and refined products futures were seeing gains of over one percent across the board in the overnight session on Thursday amid strength in European shares following encouraging economic data releases, despite... Read more

  • Energy Report 12/9/2020
    The complex see-sawed today, opening higher ahead of the weekly EIA inventory report with likely support from a weaker US dollar and strength in European shares - but prices turned south after EIA release bearish crude oil, gasoline, and distillate stock data (figures were ... Read more

  • Propane News & Numbers 12/9/2020
    Benchmark propane prices fell back on Tuesday, causing Mt. Belvieu to end a four-session rally. Mt. Belvieu TET prices fell 0.8% (50 points) to 59.44c/g and Conway spot prices ... Read more

  • Petroleum Status Report 12/9/2020
    Market Guesstimates    API    EIA    vs. 1yr    vs. 5yr... Read more

  • Market News 12/9/2020
    Petroleum futures were trading in the black in the overnight session on Wednesday amid gains in European equities, mostly higher trade in US stock market index futures, weakness in... Read more

  • Energy Report 12/8/2020
    The EIA estimates that the global consumption of petroleum and liquid fuels will average 92.4mb/d for the entire 2020 year, which is down by 8.8mb/d from 2019, but global demand is expected to increase by 5.8mb/d in 2021. In economic news, the second estimate of third quarter US nonfarm productivity was... Read more

  • Propane News & Numbers 12/8/2020
    Mt. Belvieu TET propane prices strengthened for a fourth consecutive session yesterday, despite broad-based weakness in energy futures. Brent crude futures fell 0.9% and WTI dropped 1.1% amid ... Read more

  • Market News 12/8/2020
    The complex snapped a three-sessional rally on Monday, as European shares fell despite encouraging economic data releases, and as US stock market indexes saw flat-to-lower trade during the hours of the NYMEX session. US-China tensions likely also weighed on the price action. WTI crude fell 50 cents to settle at $45.76/bbl, and Brent crude lost 46 cents for... Read more

  • Energy Report 12/7/2020
    WTI crude and refined products futures looked set to end their three-session rally today, with small losses for most of the session, but futures recovered to near the unchanged mark in final hours - only to fall back and settle in the red. An uptick in the US dollar index off of multi-year lows was ... Read more