Energy markets are seeing gains across the board this morning. There are multiple contributing factors this week. Here are a couple of headlines we are watching. U.S. debt ceiling, Fed rate hikes scheduled for June, China demand, wildfires in Canada. These issues were enough to push markets higher even though we had a good Department …
Energy Market Update: May 5, 2023 A tug of war has been the story since mid-April with both market movement and basis. Look further down in this Energy Update for an explanation about basis. The upside started with basis in the drivers seat on April 20th. That trend continued through April 26th. The tide …
Energy Market update: April 21, 2023 Crude and products are edging higher in Friday morning trade, but all three segments are still on pace for a weekly decline. A combination of slowing economic data and mid-week rising gasoline inventory numbers rekindled recessionary fears in the market. Last week the weekly jobless claims report showed an …
WE’RE FINISHING 2023 STRONG by: Kevin Jones, President/CEO We just finished our six-month financial review of Fiscal 2023. Halfway through the year, NuWay-K&H Cooperative is exceeding all budget targets. We expect to finish 2023 strong. On the agronomy side, 80% of our yearly business is done in the fall, so once we’re through this six-month …
The Minnesota Propane Association has received multiple questions regarding snow around and on top of propane tanks. Snow buildup on your propane tank can affect the performance of the propane system. Please review the below information regarding snow accumulation. CLEAR DRIVEWAYS AND PATHWAYS TO PROPANE TANKS. KEEP SNOW AND ICE FROM ACCUMULATING ON PROPANE EQUIPMENT. …
Time to talk to your energy account manager about filling your diesel storage tanks with winter- blended fuels, if you haven’t already. You’ll want to protect expensive fuel systems against icing when the temps dip below freezing. We offer a variety of blends, some of which will keep diesel systems running well below zero. Your …
