 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 12 mins | 2.724 | -0.002 | -0.06% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 11 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 11 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 11 hours | 86.56 | +1.46 | +1.72% | ||
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Central Alberta • 11 hours | 76.96 | +1.46 | +1.93% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Breaking News:
Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
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Energy / Crude Oil
OPEC Abandons ‘’Whatever It Takes Strategy’’, Boosts Production
OPEC’s production increased in August thanks to Iraq and Nigeria a Reuters survey found on Friday. OPEC’s August production has been estimated at 29.61 million barrels per day, which…
A Dramatic U-Turn In Mexican Oil & Gas
Mexico may do a U-turn, and call on the private sector once again to boost oil and gas production. Mexican President Andrés Manuel López Obrador has tried to put the…
Tighter Inventories Give Oil Markets Hope
Oil traders continue to look beyond the escalating U.S.-China trade war, bidding up oil prices as they watch tightening inventories. Crude prices have gained this week on the back of…
Hedge Funds Clueless About Oil’s Next Move
Amid a summer lull and heightened uncertainty about global economic and geopolitical events, money managers remain conflicted about where oil prices will be heading next. Hedge funds barely changed their…
China Helps Venezuela Boost Oil Production
China has financed the construction of a new oil blending plant in Venezuela that will boost the country’s flagging oil production by 120,000 bpd, IHS Markit reports, citing an…
Huge Crude Oil Draw Sends Oil Prices Higher
Crude oil prices continued higher today after the Energy Information Administration reported a 10-million-barrel draw in crude oil inventories. The report followed the American Petroleum Institute’s estimate of an…
OPEC+ Boasts 159% Compliance With Oil Production Cuts
The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent with the oil production cuts which the partners extended last month into March 2020 in their…
China Willing To Pay More For Crude As Trade War Bites
China’s imposition of tariffs on U.S. crude oil signals its willingness to suffer more pain in the trade war than analysts may have expected. That’s according to a Bank of…
The Real Reason Why US Oil Production Has Peaked
One of the basic assumptions or “Paradigms” that is keeping a lid on the price of oil is the belief that U.S. oil production will continue going up year-after-year. This…
U.S. To “Drown The World” In Oil
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change.…
Alberta Extends Oil Production Cuts
Alberta has announced an extension of the obligatory oil production cuts approved by the previous government on the grounds that it is uncertain when new pipeline capacity would come on…
How Much Crude Oil Has The World Really Consumed?
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60 percent of the total…
Oil & Gas Industry Leads Forbes Profit Growth List In 2019
The oil and gas sector on the Forbes 2019 list of the world’s biggest public companies saw the largest profit growth among the top 10 sectors on the list, data…
Tanker Turmoil And Drone Attacks Barely Move Oil
Gibraltar released the seized Iranian tanker that had been held up for several weeks, a move that could de-escalate tensions between Iran and the West. The tanker set sail for…
Saudi Arabia’s Newest Strategy To Send Oil Prices Higher
The world’s top crude oil exporter, Saudi Arabia, has been cutting for nearly two years its production and shipments as per OPEC’s deal, in which, being the cartel’s largest oil…
OPEC Oil Production Continues To Slide As Saudis Cut Deeper
OPEC’s crude oil production fell by another 246,000 bpd in July compared to June, as Saudi Arabia deepened its cuts, as U.S. sanctions further trimmed output in Iran and Venezuela,…
OPEC Needs Another 1 Million Bpd Cut To Boost Oil Prices
In the current gloomy market sentiment, OPEC would need to deepen the production cuts by 1 million barrels per day (bpd) if the cartel wants to move up the price…
Will We See An Oil Supply Glut In 2020?
Oil prices seem to be in big trouble, with a supply glut set to hit the market in 2020 and a potential economic recession looming. One of…
Saudi Arabia And Russia Unlikely To Agree On New Oil Cuts
OPEC is dead, long live OPEC+. Arguably the collaboration between the world's two largest exporters of oil, Russia and Saudi Arabia, is a significant development caused by and comparable to…
China Still Reluctant To Buy U.S. Crude Oil
The end of the truce in the U.S.-China trade war and the highly unpredictable nature of the next moves in the trade spat have made traders in China even more…
