Groundhog Day signals first blast of arctic air & spike in natural gas prices

The famous prediction this past week called for six more weeks of winter as the most significant snowstorm in nearly five years made its way across the country, dumping several feet of snow in some regions. Multiple fast-moving systems making their way across the [...]

NYMEX decline provides timely hedging opportunity

As winter descends across the country, lower temperatures typically support energy pricing. Natural gas markets corrected to 12-month lows on seasonally mild conditions last month, however. The outlook for 2021 is improving as we start to see the rollout of COVID-19 vaccinations across Europe [...]

Natural gas rig counts stabilizing

October’s early start to winter saw subfreezing temperatures and snow across the upper Midwest. Prices for natural gas have been trading sideways in the $3.00 to $3.30 range despite all lingering uncertainty due to COVID-19 recovery. EIA’s natural gas stocks report saw its first [...]

August biodiesel production up 5% YOY

Biodiesel production in August was 163 million gallons, up 1 million gallons from July and up from 156 million in August 2019. During Jan-Aug 2020, manufacturers produced 1.189 billion gallons, up 1 percent from the first eight months of 2019 and just slightly lower [...]

Despite record stocks, natural gas prices surge to five-year high

Last week, Hurricane Delta tracked across the Gulf of Mexico following a similar trajectory to Hurricane Laura over a month ago, through the primary offshore drilling region off the coast of Texas and Louisiana. As a safety precaution, offshore platforms were again evacuated and [...]

Brazil center-south sugar output up 45% YOY

Through mid-September, Brazilian center-south cane crush is up 5 percent YOY. The cumulative sugar share is 47 percent of cane crush vs. 35 percent a year ago. As a result, sugar production is up 45 percent YOY at 29.07 MMT. Ethanol manufacturing, however, is [...]

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