December Market Update U.S. Seized Sanctioned Venezuelan Tanker The U.S. recently seized a Venezuelan oil tanker suspected of smuggling sanctioned crude, marking a significant escalation in enforcement against shadow fleets. This move disrupts Venezuela’s ability to export oil and signals that the Administration is willing to take direct action beyond financial sanctions, raising the stakes […]

November Market Update Heating Degree Day Projection Winter 2025-2026 EIA anticipates winter temperatures—and therefore residential energy use—similar to last year. Retail electricity prices are higher nationwide compared to last winter, while natural gas prices remain roughly the same, and propane and heating oil prices are lower. Fuel inventories are a key focus ahead of winter […]