Brace yourselves! A winter storm slamming the Midwest is causing real problems on roadways across Kansas, Missouri, and Nebraska. Guess what? We’re next. The wintry weather will likely create hazardous conditions throughout the Northeast tonight and tomorrow, creating travel delays, school cancellations, and a litany of other seasonally inspired side effects.
Why so crude? Crude oil prices were up last week and continued to rise on Monday, trading around $60 a barrel. Prices hit a three-month high on Friday, breaching the $60 per barrel mark after the Trump administration announced that a trade deal with China had been reached. Details on the deal were scant, though the U.S. said it would not pursue a new round of tariffs, and China indicated that it would increase their agricultural purchases. Prices were kept in check by a surprise increase in crude stockpiles and large builds in gasoline inventories and distillates stocks. The Baker Hughes oil rig count rose last week, going from 663 to 667 and indicating increased domestic production.
A Bounce in Natural Gas! Natural gas has plummeted more than 40% year-over-year, with the natural gas ETF (UNG) down even more due to contango effect. – Seeking Alpha
Healing Power! Six-year-old Alexis Truax has a rare gene mutation. Engineering students at Grand Valley State University in Michigan built her a custom electric swing. – Michigan Live
We Have A New Website! We’re excited to announce the launch of our new Marathon Energy digital platform. In an effort to more accurately represent the offerings of our full service energy company—one that is rapidly expanding into other markets and commodities, we revamped our website. – Check it out
Marathon Energy’s own Diana Kreppelt was a proud participant at The Valor Clinic Foundation’s monthly event on November 23rd. The clinic sets up a mobile closet and soup kitchen to help those in need in the Lehigh Valley area. Volunteers like Diana are paired with individuals, to help collect items they need for the month. Thank you to Diana and all of the volunteers who support this great cause!
And remember, if you or your company are involved in helping your community, please let us know by emailing us here. After all, Marathon Cares.