 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 18 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 18 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 18 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 18 hours | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
Institutional Investors Double Down On Oil Despite Divestment Pledges
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U.S. Shale Oil Production Growth Is Slowing Down
When the illusion of unending…
Energy / Crude Oil
Will The U.S. Compromise On Iran Oil Sanctions?
Some of the United States’ closest allies are scrambling to find a way around the latest sanctions of the Trump Administration against Tehran, and Washington may have to revise its…
OPEC: Oil Demand Growth To Slow In 2019
Global oil demand growth is expected to moderate next year as the world economy is expected to grow slightly less than this year, OPEC said on Wednesday in its…
India To OPEC: Soaring Oil Prices Will Erode Demand
OPEC needs to pay more attention to the movement of oil prices and take action to reduce them or it will find itself with a slowdown in demand on its…
Libya Reopens Oil Ports
Libya’s National Oil Corporation (NOC) lifted on Wednesday the force majeure on four ports in the eastern part of the country after the export terminals were handed over to…
EIA Reports Largest Crude Draw Since 2016
The Energy Information Administration reported a huge draw in crude oil inventories of 12.6 million barrels for the week to July 6, after a build of 1.2 million…
Spare Capacity: The Biggest Mystery In Oil Markets
With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply…
A Storm Is Brewing For U.S. Oil Exports
Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On…
OPEC Won’t Take Additional Action As Oil Prices Rise
OPEC is doing its best to offset supply disruptions around the world, but it has no intention of “overdoing it”, Bloomberg reports, citing the cartel’s president, UAE’s energy minister…
U.S. Sanctions Could Add $50 To Oil Prices
The oil industry might not be able to produce enough oil to meet global demand in a few years’ time. To be sure, much of the oil world is focused…
Could U.S. Oil Become Part Of The Brent Benchmark?
Rising U.S. crude oil exports are upending global oil trade and oil flows to various regions in the world, snatching up market share in Asia and Europe from the traditional…
Chinese Refiner Stops U.S. Oil Imports, Turns To Iranian Crude
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing…
Russian Oil Production Soars To 11.193 Million Bpd
In line with its agreement with OPEC to reverse part of the cuts, Russia is boosting its crude oil production, pumping as much as 11.193 million bpd in the first…
Do Trump’s Tweets Point To Another Oil Crisis?
President Trump spent part of his July 4 holiday shouting at OPEC on twitter, demanding lower gasoline prices. The OPEC Monopoly must remember that gas…
Goldman: Trade War Won’t Derail Oil Prices
U.S. tariffs are set to take effect on China on Friday, with China promising immediate retaliation, kicking off the next phase of the trade war. But it remains to be…
Aramco Looks To Launch New Oil Price Benchmark
Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the…
Oil Prices Slide On Small Crude Build
As oil prices continue to press on higher the EIA reported an inventory build of 1.2 million barrels for the week to June 29. This follows three consecutive weekly…
U.S. Sour Oil Sellers Panic, Cut Prices To Asia
U.S. sour crude oil sellers have reduced their pricing for Asian customers, fearing that demand for U.S. oil may drop as China threatens to slap tariffs on American energy imports…
Trump Is Fracturing OPEC
President Trump is fracturing OPEC. Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices…
China Throws Venezuela’s Oil Industry A $5B Lifeline
China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa. “We’ve received the authorization for…
The New Oil Cartel Threatening OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern…
