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US december ethylene at 53-month low

US December ethylene contracts settled at a 53-month low, as per sources in ICIS. Sources confirmed the December settlement at 38.25 cents/lb ($843/tonne), down by 7.25 cents/lb from 45.50 cents/lb for November. The drop puts contracts at their lowest since

US diesel price slide for 9-week straight

Diesel for February delivery fell 4.7% last week to end at $1.7957 a gallon Friday, the lowest closing price since Oct. 7, 2009. Prices have retreated 29% over the past nine weeks, the longest streak of down weeks ever, according

Natural gas down 32% in 2014

Natural gas for February delivery settled down 20.5 cents, or 6.6%, to $2.889/mmBtu on the New York Mercantile Exchange, the lowest settlement price since Sept. 24, 2012. Stockpiles now stand at 3.22 trillion cubic feet, 7.8% above last year’s level

Natural gas in bear market

Natural gas for January delivery ended down 17.8 cents, or 4.9%, at $3.464 a million British thermal units on the New York Mercantile Exchange, the lowest settlement since Nov. 4, 2013. With Friday’s sell-off, the contract is down 23% from

Natural gas rallies on ‘polar outbreak’ forecast

Cold weather boosts consumption of natural gas, which heats about half the homes in the country. This winter’s first bout of cold weather is raising expectations for a repeat of last year, when frigid temperatures spurred record gas demand. On

The new oil order

The massive growth of shale oil production decreased OPEC capacity in setting oil prices. In a context of limited demand growth, oil prices are currently in the $80~$85 price range and unlikely to exceed $80 next year. The major factor in

Commodities slide to 5-year low

Raw materials slumped 7.1 percent this year, headed for a fourth annual decline and the longest slump since at least 1991, amid concern that economic growth is weakening as global equity markets lost $1.5 trillion last week. Data yesterday showed

US natural gas slips 3.5%

Natural gas for November delivery fell 14.1 cents, or 3.5 percent, to settle at $3.898 per million British thermal units on the New York Mercantile Exchange, the biggest one-day decline since Sept. 2. Volume for all futures traded was 16

Is US gasoline price heading for $3?

Retail gasoline prices often fall as summer vacation winds down, but the speed and size of the recent decline underscore shifts in energy markets that many analysts expect to be lasting. U.S. gasoline output climbed above 10 million barrels a

Gasoline prices peaking in the US

Prices at the pump are tracking a sharp rise in oil prices over the past month, after Islamist militants took control of several cities in Iraq. Investors and traders have worried that the spreading insurgency poses a threat to the