 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.759 | +0.001 | +0.02% |
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 2 days | 89.03 | -0.87 | -0.97% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 13 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 13 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 13 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 13 hours | 77.17 | +0.76 | +0.99% |
|
Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
|
Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Javier Blas: 10 Things Oil Traders Need to Know About Iran's Attack on Israel
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Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
Energy / Crude Oil
EIA Inventory Report Pushes Oil Prices Lower
The Energy Information Administration reported a crude oil inventory build of 3.7 million barrels for the week to February 15, versus an increase of 3.6 million barrels in…
How Sanctions Are Helping The U.S. Become A Net Oil Exporter
It’s easy to forget now, but just a few short years ago the United States was the biggest oil importer in the world by a considerable margin, and sold exactly…
Morgan Stanley: New Oil Discovery Could Spur China’s Shale Boom
A PetroChina test oil well at a shale field in western China could finally mean a strong commercial potential for shale oil for the first time in the world’s…
Cheaper Natural Gas Is Coming To Europe
The European Union recently updated its gas pipeline rules in a bid to assuage concerns about its deepening dependence on Russian gas. The move was generally praised by Nord…
Why The Oil Rally Isn’t Over Yet
Crude oil sentiment is shifting in a bullish direction, with OPEC+ cuts and a growing list of serious outages taking supply off of the market. Saudi Arabia recently signaled that…
Bank Of America: Oil ‘Anchored’ Until 2024
Brent oil prices should trade between a relatively narrow range of $50 to $70 per barrel through 2024, with prices “anchored” around $60, according to a new report from Bank…
Does Saudi Arabia Really Have As Much Oil As Analysts Think?
Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. But, a lot of this oil is extra-heavy crude oil, and may not be…
U.S.-China Trade Deal Could Boost Gasoline Prices
After months of persistent concerns that global economy will suffer from a heated U.S.-China trade war, leading to lower oil demand growth in the world, renewed hopes that an agreement…
World’s Largest Offshore Oil Field Partially Shut Down
The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source.…
Emerging ‘Quality’ Problem To Haunt Oil Markets
Quality matters, not quantity. That was the message from the International Energy Agency (IEA) in its latest Oil Market Report. The world has plenty of oil, but perhaps not the…
Oil Rises Despite Rising Oil, Product Inventories
Crude oil prices inched down today after the Energy Information Administration reported a crude oil inventory build of 3.6 million barrels for the week to February 8. This compares…
Fifty Shades Of Shale Oil
The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S.…
OPEC’s Next Big Crisis
OPEC is having some success in heading off another oil market downturn, but over the medium-term the cartel faces much more serious risks. “OPEC's production growth outlook over the medium…
The Biggest Threat To Oil Market Stability
The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report…
Maduro Asks OPEC For Help As U.S. Sanctions Bite
Nicolas Maduro has asked OPEC to support one of its founding members—Venezuela—against the U.S. sanctions on the Latin American country’s oil industry and denounce the “shameless dispossession” of Venezuelan assets,…
South Africa Oil Discovery Could Be A Game-Changer
One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new exploration…
Demand Concerns Drive Oil Markets
U.S. West Texas Intermediate oil futures are trading lower for the week, putting the market in a position to post a potentially bearish technical closing price reversal top on the…
Alberta Oil Cuts To End Sooner Than Planned
Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what…
How Washington Could Spoil The OPEC+ Alliance
OPEC and Russia are officially working to establish a formal alliance that would allow for the indefinite management of the oil market. The OPEC/non-OPEC coalition, often referred to as “OPEC+”,…
Is This The Point Of No Return For Maduro?
Things have certainly moved into a higher gear in Venezuela, with a genuine diarchy vying for control over the country’s resources and populace. The alleged smuggling of gold reserves, politicized…
