 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 4 hours | 2.765 | +0.006 | +0.23% |
|
Bonny Light • 20 hours | 90.15 | +1.75 | +1.98% | ||
|
Girassol • 20 hours | 90.85 | +1.82 | +2.04% | ||
|
Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 19 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 19 hours | 79.82 | +0.76 | +0.96% | ||
|
Syncrude Sweet Premium • 19 hours | 86.77 | +0.76 | +0.88% | ||
|
Central Alberta • 19 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% |
Breaking News:
Shale Helps Insulate U.S. from Oil Shocks—But Not Entirely
U.S. shale has provided that…
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Despite some crude inventory builds…
Energy / Crude Oil
Oil Falls On Crude Inventory Build
Crude oil prices slipped further down today after the Energy Information Administration reported crude oil inventories for the week to November 23 had added 3.6 million barrels. That’s compared…
How Much Oil Production Will The Saudis Cut?
Donald Trump continues to take credit for lowering oil prices. So great that oil prices are falling (thank you President T). Add that, which is…
The Oil Powerhouses Replacing OPEC
Three countries currently account for close to 40 percent of global crude oil production and only one of these countries is a member of the Organization of Petroleum Exporting Countries.…
Stopping Syria’s Oil Smuggling Scheme
The civil war in Syria has resulted in government-controlled areas being deprived of domestic oil. Before the war, Eastern Syria produced 95 percent of the country’s oil. Today, Syrian government…
The Biggest Losers Of The Current Oil Price Slump
The ongoing slump in oil prices, which has seen crude fall so sharply from the 52-week high set in October that $1 trillion has been wiped off energy stocks,…
Three Reasons Why LNG Prices In Asia Are Plunging
Prices for liquefied natural gas (LNG) remain weak going into what forecasters are claiming will be a warmer than usual winter season in the Northern Hemisphere. In fact, last week…
How Much Does OPEC Need To Cut To Balance The Market?
OPEC will probably agree to cut production to the tune of between 1 and 1.5 million bpd, analyst Johannes Benigni from Austrian JBC Energy Group told CNBC, adding there was…
How President Trump Is Undermining U.S. Oil Producers
President Trump recently took credit for the plunge in oil prices since early October. As I noted in a recent article, it’s true that the President’s actions have contributed…
The Real Effect Of Iran Sanction Waivers
On the day U.S. sanctions against Iran went into effect, Brent crude traded at US$72.68 a barrel. Today, three weeks later, Brent is down to US$59.59 a barrel and President…
Brazil Eyes $30 Billion Offshore Oil Boom
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.…
Saudi Oil Output Hits Record High In November
Saudi Arabia’s oil production has been at a record high this month—at between 11.1 million bpd and 11.3 million bpd in some days in November, an industry source familiar with…
Can OPEC+ Halt The Oil Price Slide?
Oil prices continue to plumb new depths, but some analysts think the selloff has gone too far. Brent prices fell to $62 per barrel by mid-week, hitting nearly a one-year…
Can Oil Solve Washington’s Syria Dilemma?
In the past seven years Syrian cities have been reduced to rubble, thousands have lost their lives, but the main objective of the U.S. and its allies to remove Bashar…
What Explains The Sudden Plunge In Iranian Oil Exports?
Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get…
The Wildcard In OPEC's Next Deal
When last week news broke that Libya’s UN-recognized government and the eastern rival government might just be willing to settle their differences and hold elections early next year, its…
U.S. Sanction Waivers Boost China’s Demand For Iranian Oil
Iran’s largest oil customer China is set to continue importing robust volumes of Iranian crude at least through the end of this year thanks to the U.S. waivers to eight…
Oil Prices Inch Lower On Crude Inventory Build
A day after the American Petroleum Institute’s weekly inventory estimate slowed down the price decline in West Texas Intermediate, the Energy Information Administration dampened optimism by reporting a…
Is It Too Late To Avoid An Oil Supply Crisis?
Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same ‘spade is a spade’…
Why Aramco Abandoned The $40 Billion Bond Sale
Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in…
UAE: OPEC Very Likely To Agree To Oil Production Cuts
OPEC will very likely agree to cut oil production at its upcoming meeting in early December, although the size of the cuts is yet to be decided, Ahmed al-Kaabi,…
