Updates from Northland Energy Trading

  • Propane News & Numbers 11/25/2020
    Propane prices strengthened for a second session on Tuesday, rallying along with crude futures. Mt. Belvieu TET prices jumped 3.3% (1.69 cents) higher to 53.69c/g and Conway prices strengthened 3.5% (1.75 cents), hitting 51.44c/g. Brent crude futures climbed 3.9% higher, while WTI ... Read more

  • Petroleum Status Report 11/25/2020
    WEEKLY PETROLEUM STATUS REPORT Released Market Guesstimates API EIA vs. 1yr vs.... Read more

  • Market News 11/25/2020
    The API reported a 3.80mb build in US crude oil stockpiles for the week ended November 20, while expectations called for a smaller build of 0.19mb (average of polls by Reuters and S&P Global Platts). Data for distillates were supportive as API showed a 1.80mb drop in distillate stocks, against forecasts (Reuters poll) calling for a smaller decline of... Read more

  • Energy Report 11/24/2020
    Petroleum futures continued higher today, with gains of over 3.5%... Read more

  • Propane News & Numbers 11/24/2020
    Propane prices rallied on Monday, snapping a four-session losing streak amid broad-based strength in energy futures. Mt. Belvieu TET prices jumped 2.8% (1.44 cents) higher to 52.00c/g and Conway spots rose 1.4% (69 points) to 49.69c/g. As did the north-south propane spread, the Brent-WTI spread widened as well. Brent crude futures... Read more

  • Market News 11/24/2020
    Petroleum futures looked set for a third session higher across the board today, with crack spreads widening as gains in crude were closer to one percent, while gains in refined products futures were about two percent as of this writing in the overnight session. Signs of Iraqi fiscal problems... Read more

  • Energy Report 11/23/2020
    The complex strengthened further today amid positive news on AstraZeneca's coronavirus vaccine candidate and geopolitical tensions, although European shares closed slightly in the red following disappointing data on the Eurozone economy. The flash Markit Composite PMI... Read more

  • Propane News & Numbers 11/23/2020
    Propane prices fell for a fourth consecutive session on Friday, despite broad-based gains in energy futures. Mt. Belvieu TET propane prices slipped 0.1% (6 points) lower to 50.56c/g and Conway prices fell 1.0% (50 points) to 49.00c/g, widening their discount to Mt. Belvieu to ... Read more

  • Market News 11/23/2020
    Petroleum futures strengthened on Friday amid a drop of 5 in the US oil rig count and European equities, despite mixed trade in US shares and strength in the US dollar. WTI crude rose 41 cents to settle at $42.15/bbl and Brent crude added 76 cents to close at $44.96/bbl. RBOB futures rose 1.27 cents to $1.1752/g and ULSD (HO)... Read more

  • Energy Report 11/20/2020
    ULSD futures strengthened 1.2% today in an upside session, consistent with our upside bias. Volume was average. Slow stochastics are approaching but have not yet reached... Read more