I usually think of Mansfield as the largest independent (and maybe largest, period) distributor of diesel in the U.S. but hey have other interests as well.
From Mansfield Energy, May 15:
Permian Producers are Paying Buyers to Haul it Away
The war in Iran has choked natural gas supplies across Europe and Asia, leading to fuel rationing and blackouts, but in the heart of US shale country, the market is swimming in supply. Gas in the Permian Basin of West Texas and New Mexico is so plentiful that producers are having to pay buyers to get rid of it. Bloomberg reports that there is so much inventory that it exceeds available pipeline capacity… https://tinyurl.com/muxb3fxz
NG Futures Leap 6% as Middle East Conflict Drags On
U.S. natural gas futures jumped about 6% to a two-week high on Tuesday on soaring oil and gas prices around the world as the U.S.-Israeli war against Iran widened across the Middle East region, disrupting the movement of energy supplies. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 18.7 cents, or 6.3%, to $3.147 per million British thermal units, putting the contract on track for its highest close since February 13.… For More info go to https://tinyurl.com/bdnfwswy
This article is part of Daily Natural Gas Newsletter
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