 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 174 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.724 | -0.010 | -0.36% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 8 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 8 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 8 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 8 hours | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
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Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
EV Revolution Could Wipe Out $21 Trillion In Oil Revenue
Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical,…
Iran: Trump’s Sanctions Can’t Touch Our Oil
As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian…
OPEC May Ease Oil Cuts As Soon As June
As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan…
Crude, Gasoline Prices Slip On Inventory Build
As crude oil begins to slide back down on talk about a possible easing of the OPEC+ production cuts, the Energy Information Administration added to bearish sentiment by reporting…
Traders See Higher Oil Prices In The Long Term
Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80…
OPEC Could “Relax” Production Cuts
It was only a few weeks ago that top officials from OPEC nations were issuing statements assuring the market that the group’s production cuts would remain in effect through the…
Could Venezuela Prompt OPEC To Pump More?
Venezuela’s oil industry is collapsing fast. No wonder then that OPEC is finally talking about perhaps raising production to make up for Venezuela’s overdelivering on production cuts. As Reuters
Trade War Truce With China Boosts Oil Prices
On Saturday, there was a sign of hope that ongoing trade tensions between Washington and Beijing could be remedied. Beijing said that it agreed to significantly increase its purchases…
Iran Prepares For Oil Production Decline
Iran expects disruption in its oil industry after the reintroduction of U.S. sanctions that would make it hard to stick to its current production goals, Oil Minister Bijan Zanganeh said…
Is $70 Oil Enough For Shale Drillers?
WTI Crude prices have recently surged to their highest level in three and a half years—just above $70 a barrel. In theory, that’s higher than the average breakeven costs…
India To Saudi Arabia: We Need Stable And Moderate Oil Prices
Major crude oil importer India is concerned that the rallying oil prices are hurting its economy, and its Petroleum Minister Dharmendra Pradhan reiterated the need for “stable and moderate”…
The Double-Edged Sword Of High Oil Prices
Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more…
U.S. Oil Exports Continue To Break Records
U.S. crude oil exports broke yet another record, spiking to 2.566 million barrels per day for the week ending on May 11. With U.S. shale surging and export terminals…
IEA: High Oil Prices “Taking A Toll” On Demand
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher.…
China Looks To Capitalize On Cheap Iranian Oil
It’s been a week since President Donald Trump announced that he would withdraw from the Iranian nuclear deal reached in 2015 and impose so-called powerful economic sanctions against the…
Oil Prices Rebound On Crude Inventory Draw
A day after the American Petroleum Institute’s crude oil inventory report put a restraint on oil prices, the Energy Information Administration pushed prices up again by reporting a draw…
These Two Shale Plays Are Making A Comeback
The Permian basin has garnered much of the media attention when it comes to U.S. shale growth, but higher oil prices are putting more shale regions into profitable territory. In…
U.S. Shale Oil Production Rises At Record-Breaking Rate
Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its…
OPEC: The Oil Glut Is Gone
OPEC said that the global oil supply surplus has nearly been eliminated, although the group is shifting its sights on lack of investment in upstream supply. In OPEC’s May Oil…
OPEC Lifts Oil Demand Forecast Amid Rising Prices
OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the U.S. withdrawal from the Iran nuclear deal point to…
