 |
Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | ||
|
Bonny Light • 23 hours | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 44 mins | 2.769 | +0.011 | +0.41% |
|
Bonny Light • 23 hours | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 23 hours | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
|
Peace Sour • 22 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 22 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 22 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 22 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 23 hours | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Breaking News:
Oil Moves Down on Crude Inventory Build
Crude oil prices moved lower…
Will Namibia Become OPEC’s Newest Member?
Namibia wants to join OPEC…
Energy / Crude Oil
Have Oil Traders Abandoned Fundamentals?
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets…
Oil Slides As Russia Plans To Raise Production
Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel. WTI slid 0.3 percent…
5 Points To Consider Before Buying Oil Stocks In 2020
If you are among those who are somewhat contrarian in nature and are ready to rush in and buy oil and gas stocks when they are…
Permian Drillers Resilient Despite Record-Breaking Rig Count Crash
Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the last surviving epicenter of drilling activity, a Rystad Energy analysis…
Russia Overtakes Saudi Arabia As The Largest Oil Exporter To China
Russia became the top crude oil supplier to China last month, overtaking Saudi Arabia with an average of 1.75 million bpd versus 1.26 million bpd for Saudi Arabia, Reuters has…
Russia Considers Extending Oil Output Cuts Beyond June
Russia’s Energy Minister Alexander Novak is discussing with oil firms on Tuesday the possible extension of the current oil production cuts beyond June, sources with knowledge of the meeting’s agenda…
Oil Hedging Leaves Traders Dangerously Exposed
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines, and other heavy consumers of energy commodities to protect themselves…
Shale Bust Hits Rural Communities As Oil Royalties Plunge
The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American…
The Risky Road To Oil Demand Recovery
The IEA came out with a rather bullish remark for oil this morning, stating that peak demand is still years away.
IEA: Peak Oil Demand Is Still Years Away
The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would…
Putin To Bail Out Russian Oil Industry
Russia’s President Vladimir Putin has tasked the government with implementing a set of measures aimed at supporting the oil industry for the duration of the OPEC+ production cut agreement.…
Oil May Never Fully Recover From This Crisis
It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During…
Chinese Oil Imports To Rise In 2020 Despite Coronavirus
Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks…
U.S. Cuts Royalty Rates For Oil Firms
The U.S. Administration has been approving royalty rate cuts for producers on federal land on a case-by-case basis, with rates cut on at least 76 leases in Utah in recent…
This Oil Nation Sees Production Drop As COVID-19 Cases Spike
Kazakhstan’s crude oil production has fallen below 1.7 million bpd of crude and condensates, oil analytics firm OilX told Oilprice.com, noting that the giant Tengiz field has seen a jump…
Covid-19 Crisis Could Crush Brazil’s Oil Boom
The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it. “Brazil has the worst COVID growth rate…
Is Russia Finally Complying With OPEC+ Cuts?
It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap,…
OPEC+ Deal Could Collapse As Oil Prices Shoot Up
The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in…
33% Of North Sea Oil Is Now Too Expensive To Extract
The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen…
Oil Soars On Bullish EIA Inventory Report
A week after it served a much-needed boost to markets with a crude oil inventory draw, today the Energy Information Administration strengthened the mood by reporting an oil inventory…
