OPEC+ is considering delaying its planned production increases amid concerns over market stability. The alliance is weighing a postponement of its 120,000 barrel-per-day supply hike set for April, marking the fourth such delay since 2022. Meanwhile, a Ukrainian drone attack on a Russian pumping station has disrupted Kazakhstan’s crude exports, further tightening supply. OPEC+ aims […]
Energy Market Update – February 20, 2025 Read More »
Energy UpdateOil and gas traders are expected to seek waivers from Beijing for tariffs on U.S. crude and LNG imports starting February 10. China’s Finance Ministry announced levies of 15% on U.S. coal and LNG and 10% on crude oil, farm equipment, and some autos, following U.S. tariffs on China. Four tankers with 6 million barrels
Energy Market Update – February 5, 2025 Read More »
Energy UpdateThe oil and gas industry has presented President-elect Donald Trump with a five-point policy agenda, urging him to expand LNG exports, increase drilling on federal lands, ease pipeline permitting, repeal strict vehicle emission standards, and maintain corporate tax rates. Trump plans to establish a National Energy Council, chaired by North Dakota Gov. Doug Burgum, to
Energy Market Update – December 11, 2024 Read More »
Energy UpdateYesterday, Israeli Prime Minister Benjamin Netanyahu announced that he was prepared to implement a ceasefire agreement with Lebanon but would respond decisively to any violations by Hezbollah, emphasizing that Israel would maintain “complete military freedom of action.” In a televised address, Netanyahu stated that he would present the ceasefire deal to his full cabinet later
Energy Market Update – November 27, 2024 Read More »
Energy UpdateNUWAY-K&H ENERGY ACCOUNT MANAGERS Now as you are putting your equipment away for the winter would be a great time to upgrade your bulk oil system. If you aren’t buying your oil in totes, give it some consideration. Totes are clean, neat, and economical–especially during our the NuWay-K&H Oil Tote Sale. The sale runs from
OIL TOTE SALE: 40% OFF Read More »
Energy, NewsletterREID RETTKE, ENERGY ACCOUNT MANAGEMENT DIRECTOR Reid.Rettke@NuWay-KandH.com Thanks to all who welcomed me back since my return to NuWay-K&H Cooperative at the beginning of August. For those I have yet to meet, allow me to give you some personal history. I started with NuWay Cooperative in 2001 as an applicator. After that, I delivered propane
BACK WHERE I STARTED Read More »
Energy, NewsletterJUSTIN COYLE, ENERGY OPERATIONS DIRECTOR Justin.Coyle@NuWay-KandH.com Heating season is upon us. As usual, it seems like summer and fall just flew by, and we’ve arrived at another Midwestern winter. I want to remind you of a few things that will bring you LP gas in a timely manner and keep you from having to make
USE LP FOR HEAT? THIS IS FOR YOU! Read More »
Energy, NewsletterPresident-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela but concerns about retaliation by China could temper any efforts. Rubio, a longtime member of the Senate Foreign Relations Committee, has long pushed for a tougher U.S. policy on Iran and
Energy Market Update – November 14, 2024 Read More »
Energy UpdateThe Biden administration plans to acquire an additional 3 million barrels of sour crude oil for the Strategic Petroleum Reserve (SPR), as announced by the Department of Energy (DOE). Bids for the oil, which is to be delivered to Texas’s Bryan Mound site between April and May, are due by November 6, with a price
Energy Market Update – October 30, 2024 Read More »
Energy, Energy UpdateThe International Energy Agency (IEA) reported that the world oil market is expected to face a significant surplus in the new year, with public stocks exceeding 1.2 billion barrels and OPEC+ spare capacity at historic highs. The agency reassured markets that it stands ready to address any potential supply disruptions from Iran. Despite recent price
Energy Market Update – October 17, 2024 Read More »
Energy Update
