 |
Louisiana Light • 4 days | 87.09 | +0.49 | +0.57% | ||
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% | ||
|
Mars US • 172 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.674 | -0.011 | -0.42% |
|
Bonny Light • 1 day | 88.20 | -0.49 | -0.55% | ||
|
Girassol • 1 day | 88.64 | -0.56 | -0.63% | ||
|
Opec Basket • 4 days | 87.52 | +0.17 | +0.19% |
|
Peace Sour • 5 hours | 75.10 | -0.32 | -0.42% | ||
|
Light Sour Blend • 5 hours | 78.15 | -0.32 | -0.41% | ||
|
Syncrude Sweet Premium • 5 hours | 85.10 | -0.32 | -0.37% | ||
|
Central Alberta • 5 hours | 75.50 | -0.32 | -0.42% |
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Eagle Ford • 4 days | 79.62 | +0.41 | +0.52% | ||
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Oklahoma Sweet • 4 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 6 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 5 days | 86.90 | +0.04 | +0.05% |
Zombie Fires Pose Looming Threat to Canada’s Oil and Gas Infrastructure
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Energy / Crude Oil
How High Can Trump Push Oil Prices?
Saudi Arabia wants $100 oil and Donald Trump might help them achieve that goal. Behind the scenes, Saudi officials are eyeing $100 per barrel as a goal, which would…
Shale Boom Creates New Petrochemical Hub
The record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well,…
Oil Prices Rise On Crude, Gasoline Inventory Draw
After API’s Tuesday estimate of a 1.047-million-barrel crude oil inventory draw pushed prices higher, the Energy Information Administration added optimism by confirming a draw, albeit a smaller one,…
Canada’s Oil Patch To Turn Profitable In 2018
Canada’s oil patch booked three consecutive years of hefty losses after the oil prices crash in 2014. This year, the industry is set to post a very slim gross profit—the…
The Overlooked Factor That Could Derail The OPEC Deal
While the continuing Russia-OPEC discussions are dominating headlines, with a focus on a possible extension of the oil production cut agreement into 2019, the market is far from stable. Growing…
Can The World’s Most Profitable Company Justify Its Valuation?
One of the best kept secrets in oil over the past decades has been how much money Saudi oil giant Aramco has been making from extracting what’s probably the lowest-cost…
Is Trump’s Offshore Drilling Plan A Disaster?
The Trump administration has had to rein in expectations for offshore oil drilling, with an aggressive sales pitch and boastful rhetoric mostly being met with tepid interest from the oil…
Norway To Create Thousands Of Jobs In Arctic Oil
When Statoil struck oil in what is now the Johan Castberg field back in 2011, nobody expected that just three years later, oil prices would plummet and the Norwegian…
How Significant Is WTI’s Breakout?
Oil, after looking rangebound for a while, albeit at the highest levels since 2014, looks like it has broken out. When WTI futures challenged February’s high of $66.66 a few…
Is OPEC’s Mission ‘’Accomplished’’?
OPEC’s goal of draining the global inventory surplus has finally been achieved. The International Energy Agency said in its latest Oil Market Report that the supply overhang has pretty much…
The Biggest Hurdle To China’s Yuan-Priced Crude Benchmark
China finally launched last month its yuan-denominated crude oil futures that have been in the works for years, after several delays. The start of the new contract trading was…
Pipeline Opponents Need A Shot Of Common Sense
The very word pipeline these days seem to put a lot of people on edge. It has somehow become a synonym of evil. Yet pipelines are simply infrastructure for transporting…
The World’s Most Profitable Oil Major
For decades, giant Aramco has been a financial enigma, but the curtains have now been pulled back thanks to some anonymous sources revealed to Bloomberg. Analysts and traders have for…
OPEC Cuts Another 200,000 Bpd In March
All OPEC data below was taken from the April issue of The OPEC Monthly Oil Market Report. The data is through March 2018 and is thousands of barrels per day.
Iraqi Shia Militia Smuggles Oil Into Iran
The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization…
The Six Factors Driving Oil Markets In 2018
Uncertainty appears to have returned to oil markets of late, with a cluster of factors battling for influence over prices. The oil bulls are very content with the Vienna deal,…
Three Takeaways From OPEC's Latest Report
As it has become a trend in recent months, OPEC revised up again on Thursday its estimate for non-OPEC supply growth in 2018, but it also lifted its forecast for…
New Zealand Bans Offshore Oil Exploration
New Zealand’s government has announced all oil and gas exploration offshore the country will be banned in a bid to protect New Zealand from the effects of climate change.…
Strong Demand, Not OPEC, Is Pushing Oil Prices Higher
The rally in oil prices over the past year likely had more to do with higher demand rather than merely the supply taken off of the market by the OPEC/non-OPEC…
Is The Cushing Oil Hub Still Relevant?
Crude oil inventories at Cushing ticked up slightly to 36 million barrels for the week ending on April 6, but still hovered near lows not seen in several years. Throughout…
