 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 5 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 21 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 21 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 13 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 13 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 13 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 13 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
Energy / Crude Oil
OPEC: Oil Demand Will Grow Until Late 2030s
OPEC expects global oil demand will exceed the pre-pandemic levels in 2022 and grow steadily until the late 2030s, when it will begin to plateau, the cartel said on…
Why Exxon Is Still Going Big On Oil
For many years, Big Oil has been chided for its outsized role in climate change and even pilloried for trying to burnish its green credentials with half-hearted attempts…
Oil Prices Regain Some Losses On Bullish EIA Inventory Data
Crude oil prices moved higher after the Energy Information Administration reported a crude oil inventory build of 500,000 barrels for the week to October 2. A larger decline in…
Gulf Of Mexico Oil Drillers Prepare For Storm Delta
Oil producers in the Gulf of Mexico have started evacuating platform staff ahead of storm Delta that is forecast to reach the Gulf as a Category 3 hurricane before it…
The Pandemic Will Not Crush Guyana’s Oil Boom
There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly
Oil Majors Hit Hard By Canada's Energy Stock Selloff
Canada’s oil industry is suffering the consequences of the global oil demand and price crash, just like every company in the sector anywhere in the world.
China’s Oil Imports Slowly Return To Normal Levels
China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the…
Venezuela’s Crude Oil Industry May Never Recover
Despite President Maduro’s claims of a looming recovery for Venezuela’s economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and…
U.S. Oil Rig Count Rises As WTI Prices Slide
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 189—a gain that may push prices down further. The total number…
Norway’s Oil Worker Strike Could Take 330,000 Boepd Off The Market
Around 330,000 barrels of oil equivalent per day (boepd), or 8 percent of Norway’s oil and gas production, would be affected after a Norwegian workers’ union steps up a strike…
Oil Prices Slide As OPEC Opens The Valves
Oil prices took another dive on Thursday, with the price of WTI falling more than 6% by late morning as OPEC’s production increased in September over August. Spot prices for…
OPEC+ Boosts Crude Oil Exports In September
The OPEC+ group raised their total seaborne exports in September to 22.84 million barrels per day (bpd) from 22.11 million bpd in August, but the alliance stayed within its agreed…
Exxon Moves Ahead With Major Guyana Oil Field
Exxon has made the final investment decision on the Payara offshore field in Guyana, the company said this week, adding that it expected Payara to yield up to 220,000…
U.S. Onshore Oil Production To Fall Amid Slowdown In Drilling
Oil production from the US lower 48 states, excluding the Gulf of Mexico, peaked at 9.2 million barrels per day in August following back-to-back increases since June. This…
The Unintended Consequences Of Fossil Fuel Divestment
The stability of the global oil market is under threat. The impact of COVID-19 and the resultant demand destruction has put an ever-increasing amount of oil and gas…
Mexico’s Crude Oil Future Is In Jeopardy
The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing…
Can Algeria Keep Its Oil Exports From Falling Further?
Algeria has struggled to keep up with its manifold challenges throughout this year – still trying to clear the rubble of the Bouteflika regime, it continuously needs to…
Biden Fracking Ban Could Cripple New Mexico’s Oil Industry
Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands…
Is Iraq Turning Its Back On The OPEC Deal?
Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe told
OPEC In Trouble As Oil Outlook Worsens
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire,…
