 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% | ||
|
Mars US • 164 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 12 mins | 2.788 | +0.004 | +0.15% |
|
Bonny Light • 1 day | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 1 day | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% |
|
Peace Sour • 1 hour | 78.51 | -0.25 | -0.32% | ||
|
Light Sour Blend • 1 hour | 82.16 | -0.25 | -0.30% | ||
|
Syncrude Sweet Premium • 1 hour | 89.11 | -0.25 | -0.28% | ||
|
Central Alberta • 1 hour | 78.91 | -0.25 | -0.32% |
|
Eagle Ford • 4 days | 82.14 | +0.64 | +0.79% | ||
|
Oklahoma Sweet • 4 days | 82.00 | +0.50 | +0.61% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil
Colombia’s national oil company, Ecopetrol,…
Energy / Crude Oil
Oil Majors Bet Big On Offshore Drilling In 2019
Oil majors will spend US$208 billion on offshore drilling and other oilfield services this year, but not all sector players are positioned to benefit from the higher spending, Bloomberg
Bearish Bets On Diesel Tell A Worrying Story
The mood in the crude oil and oil product futures market turned decisively sour in the fourth quarter of 2018 as building crude oil oversupply and signs of slowing global…
How Supermajors Are Transforming The Permian
The Permian Basin was once a hotbed of small, independent prospectors, wide-eyed wildcatters, and small companies hoping to strike it rich. Now, it is brimming with supermajors clamoring to buy…
China’s Slowing Economic Growth Could Wreak Havoc On Oil Markets
Despite renewed hopes that a fresh trade deal could be reached between the U.S. and China by the two sides’ self-imposed March 2 deadline, it may still not be enough…
Saudi Oil Minister: No Need For Extraordinary OPEC Meeting
There is no need for the Organization of Petroleum Exporting Countries to schedule an extraordinary meeting before April, Saudi Arabia’s Energy Minister, Khalid al-Falih, told media, as quoted by…
There’s No Sugarcoating Canada’s Oil Crisis
Has financial disaster been averted in Canada’s oil and gas industry? ‘Disaster’ is all relative. Let’s just say 2019 is going to be a difficult year following a tough set…
Canada’s Crude Oil Production Cuts Are Unsustainable
In an attempt to combat a ballooning oil glut and dramatically plummeting prices, the premier of Alberta Rachel Notley introduced an unprecedented measure at the beginning of December when she…
Profit Taking Ends Massive Rally In Crude
U.S. West Texas Intermediate crude oil futures are trading lower on Friday after hitting their highest level since December 7 earlier in the session. Profit-taking is likely behind the weakness.…
Are Conventional Producers Really Losing Influence?
Energy professionals and others following the developments in the oil and gas industry during the last couple of years have witnessed a massive rise in reporting concerning hydraulic fracturing technology.…
U.S. Rig Count Flat As Canadian Drillers Add 100+ Rigs In Winter Season
Baker Hughes reported no change to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs is…
Mexico Hedges Oil at $55 A Barrel
Amid a fuel crisis that is spiraling out of control, the notorious Mexico oil hedge this year is worth US$1.23 billion with the average export price of Mexican crude…
OPEC’s No.2 Boosted Production, Exports Just Before Cuts Began
Iraq increased in December both its oil production and exports, just ahead of the start of the new round of OPEC cuts, but OPEC’s second-largest producer says that it will…
U.S. Oil Shipments To Asia Set To Rise Soon
A combination of lower shipping costs and lower domestic demand will boost U.S. crude oil exports to Asia, Reuters reports, citing sources from the commodity trading and shipping industries.…
Oil Prices Slip On Bearish EIA Report
The Energy Information Administration reported a crude oil inventory draw of 1.7 million barrels for the first week of 2019, after a 6.9-million-barrel build in the last week…
Is This The Answer To Canada’s Oil Crisis?
While even the most likely new pipeline to ship more of Alberta’s crude oil to refining and export markets—Enbridge’s Line 3 replacement—is nearly a year away at the earliest, the…
Is Iran Exaggerating The Demand For Its Oil?
After the United States pulled out of the Obama-era Iran nuclear deal and re-imposed and added to sanctions last year, the Trump administration granted waivers to eight countries who were…
U.S. Army Joins Race To Expand U.S. Oil Exports
The news that the U.S. Army Corps of Engineers has placed a US$93-million order with Great Lakes Dredge & Dock Company for the deepening and widening of its ship…
WoodMac: Demand For Oil In Transportation Sector To Peak In A Decade
Global transportation demand for crude oil is expected to peak in the late 2020s, due to the rise of electric vehicles (EVs), improved efficiency standards for internal combustion engine (ICE)…
Evidence Mounts For Shale Slowdown
There is a growing pile of evidence pointing to a slowdown in the U.S. shale industry, as low prices take their toll. The rate of hydraulic fracturing began to decline…
Who Are The Biggest Winners In The East-Med Gas Game?
The EastMed gas pipeline between Cyprus, Greece and Israel will revolutionise the economies and geo-politics of the region. The project comes from an emerging alliance between the three countries who…
