RJS, Focus on Fracking
Summary: Natural gas price hits 164 month high after doubling in 2 months; SPR at a 1058 week low, total US oil supplies at a 746 week low; distillates supplies at a 729 week low, total oil + products inventories at a 711 week low, gasoline imports at a 8 month high; natural gas rigs at a 31 month high..
Natural gas prices hit 164 month high after doubling in 2 months
Oil prices rose for the third time in four weeks after the EU advanced a plan to phase out imports of Russian oil . . . after rising 2.6% to $104.69 a barrel last week as fears of lower supplies from Russia outweighed concerns about reduced demand from China, the contract price for US light sweet crude for June delivery openedRead More »