JUSTIN 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, Newsletter
President-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 UpdateConsumer confidence took an unexpected hit for September, dropping the most it has in three years. The index fell by 6.9 points to 98.7, which is the biggest drop since August 2021. Expectations for the next six months sunk to 81.7, and the view of current conditions fell to 124.3. The drops are mainly due
Energy Market Update – September 25, 2024 Read More »
Energy UpdateThere have been several oilfields across Libya that have halted output. This is due to a dispute between rival government factions over control of the Central Bank and oil revenue. This has halted about 400,000 barrels per day of oil output. This would give a bullish tone to the market but, OPEC+ is scheduled to
Energy Market Update – August 28, 2024 Read More »
Energy Update
Efficient fuel management is essential in agriculture and rural businesses. NuWay-K&H Cooperative offers an automated fuel delivery system to simplify fuel management for its members. This system uses advanced technology to ensure a continuous fuel supply, reducing the need for manual monitoring and ordering. What is Automated Fuel Delivery? Automated fuel delivery is a service
Enhance Your Fuel Management with NuWay-K&H Cooperative’s Automated Fuel Delivery System Read More »
EnergyOPEC+ is going to have a meeting on Thursday, August 1st to discuss their current production cuts. Oil prices were down 9% this month while OPEC+ is currently cutting output by 5.86 million barrels per day. This is just under the 6% of the global demand. In June of 2024 OPEC+ agreed to extend cuts
Energy Market Update – July 31, 2024 Read More »
Energy UpdateAs of Monday July 1st, the strength in the market has continued, with diesel prices jumping over 3% in just one session. Oil prices gained 6% in June after sagging in May. The RSI ( Relative Strength Index) is sitting at 67.9. Anything above 70 is considered to be in Overbought territory, which would indicate
Energy Market Update – July 3, 2024 Read More »
Energy UpdateOil supply growth for 2024. Rysted Energy reported earlier this week that they expect a slowdown in 2024 of global oil supply growth. This is due to OPEC+ extension on production cuts. Rysted Energy also stated they see a 80,000 barrel per day growth versus their before prediction of 900,000 barrels per day. The group
Energy Market Update – June 20, 2024 Read More »
Energy Update