 |
Louisiana Light • 2 days | 86.68 | -2.47 | -2.77% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% | ||
|
Mars US • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.703 | -0.011 | -0.41% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
|
Opec Basket • 2 days | 89.64 | -0.54 | -0.60% |
|
Peace Sour • 3 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 3 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 3 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 3 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.17 | -2.67 | -3.26% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -2.50 | -3.06% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
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Energy / Crude Oil
The New Oil Order
In the decades preceding the arrival of U.S. shale oil, the oil market had only one stabilizing force, namely OPEC. The reason the oil market was structured as such was…
$70 Oil Could Be Right Around The Corner
Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the…
U.S. Shale Challenges OPEC’s Oil Dominance In Asia
The explosive growth of U.S. shale production has capped gains of international and U.S. oil prices, offsetting OPEC’s production cuts in the first half of the year and contributing to…
Canadian Rig Count Slumps At Year-End
Canada’s drilling rig count fell by 61 rigs in the last week of December from a week earlier, with the annual decline at 66 rigs, per the latest weekly rig…
EIA Inventory Report Stops Price Slide
A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually…
What’s In Store For OPEC In 2019?
OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard…
Why The Oil Price Bear Market Persists
In 2013, I began warning about the risk to oil prices due to the ongoing imbalances between global supply and demand. Those warnings fell on deaf ears as it was…
The Biggest Oilmen Of 2018
This year has been a crazy ride for the oil industry, which saw the price of Brent crude seesaw from $66.87 on the first day of the year, to a…
OPEC+ Deal Not Enough To Save The Oil Market
If the goal of the OPEC+ cuts was to boost oil prices, then the deal is clearly failing. OPEC+ is scrambling to figure out a way to rescue oil prices…
The Key Swing Producer Behind The OPEC+ Deal
Russia continues to be the key partner of OPEC and its largest producer Saudi Arabia in managing the oil market. For a second production cut deal in a row, Moscow…
Saudis Tread On Thin Ice As Prices Slide
Energy planners in Saudi Arabia must be scratching their heads in wonder, even possibly despair. The oil-rich kingdom had picked itself up after threats of near economic collapse in 2015-2016…
IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025
Total U.S. oil production around 2025 will almost equal the combined production of Russia and Saudi Arabia, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told…
$50 Oil Won’t Kill U.S. Shale
Even before the latest oil price plunge that sent WTI Crude prices to below $50 a barrel, analysts had expected the explosive growth in the U.S. shale patch to…
A Shocking Amount Of Crucial U.S. Pipelines Still Lack Cybersecurity
U.S. pipeline infrastructure is more vulnerable to cyberattacks than desirable because of insufficient oversight in the cybersecurity department, a report commissioned by two members of Congress has suggested. Reuters
Shale Growth Could Slow On Oil Price Meltdown
Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the…
Tiny Qatar Flexes Its Muscles With Oil And Gas Investment Push
Qatar is continuing to make energy headline news. The tiny kingdom is forging its own path even at the expense of recently pulling out of OPEC to focus on its…
India Finds Way To Skirt U.S. Sanctions Against Iran
India will use five escrow accounts in Iranian banks to pay for deliveries of Iranian crude oil amid U.S. sanctions, Bloomberg reports, citing sources close to the situation. The…
Libyan Oil In Jeopardy As Peace Talks Fail
Libya’s National Oil Company NOC has once again shocked the oil market by officially declaring force majeure on its operations at the El Sharara oilfield, the largest oilfield in the…
Libya Declares Force Majeure On Largest Oil Field
After a week’s blockade by a militant group, Libya’s largest oil field, Sharara, has been shuttered by a force majeure declaration by the National Oil Corporation. Reuters cited a…
Shale Under Pressure As Oil Falls Below $50
The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for…
