Thursday, May 24, 2018 -Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and to the United States. Substantial natural gas discoveries have generated significant interest among business investors and may potentially boost production and allow Egypt to become a net exporter again in the medium term.
Wednesday, May 23, 2018 -Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92/gal nationally on May 21, up from last year's price of $2.40/gal before the holiday weekend. This year marks the highest price ahead of the Memorial Day weekend since 2014, when the national average price of regular gasoline was $3.67/gal. Relatively higher crude oil spot prices, strong gasoline demand, and falling gasoline inventories are all factors contributing to higher gasoline prices.
Wednesday, May 16, 2018 - MGO month-end prices continued their climb in April, ending 1.84% to 7.45% higher than March and 22.54% to 42.25% higher compared to April 2017. West Coast OPIS prices mirrored the MGO prices with increases across all locations tracked. Since the end of April, MGO and OPIS prices have continued to climb.
Thursday, May 10, 2018 - Most of us have struggled the last eight years with a lackluster, start & stop recovery wondering if there would ever be a light at the end of the tunnel. With growth and trade now off to good starts in 2018, the light may have arrived and the future appears great for global growth, trade and Marcon's sales.
Wednesday, May 09, 2018 - At the end of April, crude oil prices reached their highest levels since 2014, following five consecutive quarters of global oil inventory draws. Since January 2017, the beginning of the crude oil production cut agreement among certain countries within and outside OPEC, global petroleum inventories have declined at an average rate of more than 0.5 million barrels per day.
Featured Stories contains all of Marcon's news postings from the past 45 days. News older than that can be found in their respective sections: News Articles, Newsletters, Market Reports, Country Briefs and Sales Reports.