 |
Louisiana Light • 1 day | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Opec Basket • 1 day | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 168 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.715 | +0.001 | +0.04% |
|
Bonny Light • 1 day | 88.73 | -1.64 | -1.81% | ||
|
Girassol • 1 day | 89.30 | -1.63 | -1.79% | ||
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Opec Basket • 1 day | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 3 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 3 hours | 78.35 | -0.05 | -0.06% | ||
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Syncrude Sweet Premium • 3 hours | 85.30 | -0.05 | -0.06% | ||
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Central Alberta • 3 hours | 75.70 | -0.05 | -0.07% |
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Eagle Ford • 1 day | 79.21 | +0.04 | +0.05% | ||
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Oklahoma Sweet • 1 day | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 2 days | 86.86 | -2.40 | -2.69% |
Standard Chartered Says Peak Oil Demand Is Not Imminent
Standard Chartered has predicted global…
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Energy / Crude Oil
Canada’s Oil Crisis Continues To Worsen
Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets.…
OPEC And Shale Keep Oil Prices Between $60-$75
The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices…
Offshore Oil Is Poised For Significant Growth
Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs…
Iran Fails To Comply With OPEC Deal
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day.…
Explaining Saudi Arabia’s Oil Export Strategy
Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market…
Argentina Is On The Cusp Of A Shale Boom
The end of the Peronist hold on Argentine politics and rise of pro-business president Mauricio Macri has heralded in a new age for what was long regarded as one of…
Physical Oil Markets Don’t Lie – Is Another Crash Likely?
Oil prices are falling and analysts and market players are as eager as ever to explain the decline in accordance with their own bullish or bearish leanings. It’s a natural…
Colombia’s Oil Industry Faces 3 Big Problems
Colombia’s beleaguered oil patch remains under considerable pressure. Aside from falling investment and a lack of proven reserves that has led to fears that it only can support another five…
Saudi Arabia Vows To Cut More Production To Stabilize Oil Market
Saudi Arabia will cut additional 100,000 bpd of its oil production next month and keep its exports below 7 million bpd in March in a bid to help clear…
Oil Prices Recover After Small Crude Inventory Build
After reporting two consecutive weekly crude oil inventory builds, this week the EIA continued with another build, of 1.8 million barrels for the week to February 9. Analysts cited…
Is History Repeating Itself In Oil Markets?
Back in 2014, U.S. shale production was growing so fast that it ended up crashing the market. Now, history could be repeating itself. That was the warning from the International…
Oil Price Correction Unlikely To Harm European Majors
Europe’s oil supermajors have largely adapted to lower oil prices thanks to strict financial discipline and efforts to bring down their breakeven levels, a new report from Fitch says,…
IEA Warns Of New Oil Glut
The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the International Energy Agency said in its latest…
OPEC Unfazed As Rivals Boost Oil Output
In the aftermath of the wave of aggressive forecasts for supply growth from U.S. shale lately, OPEC added its voice to the mix on Monday, acknowledging that its American rivals…
U.S. Mandates Biggest Non-Emergency Strategic Oil Selloff
The budget deal that the U.S. Congress passed and President Donald Trump signed into law last Friday calls for selling 100 million barrels of the Strategic Petroleum Reserve (SPR) by…
Iraq Boosts Asian Oil Exports To New Record
We recently discussed Iraqi flows to the U.S., and how they continue to exhibit strength. Iraqi flows to the U.S. last year averaged just under 600,000 bpd, up a third…
OPEC Production Steady In January As Venezuela Output Plunges
OPEC’s total crude oil production averaged 32.30 million bpd in January, down by 8,100 bpd from December, as rising production in Iraq, Saudi Arabia, and Libya did not fully offset…
Oil Majors Optimistic Despite Price Plunge
The earnings season for the oil majors is over. Judging from their results, so is the three-year downturn that has transformed the industry after companies slashed spending and jobs and…
U.S. Shale Companies Are Ready To Expand
The latest oil rally, which sees crude trading at close to its highest point in three years, is sufficient to garner considerable attention from market pundits, industry insiders and investors…
The Rise And Fall Of Colombia’s Shale Industry
One of Latin America’s most stunning tales of economic development in recent years appears doomed to come to a bitter end… Colombia’s reliance upon its abundant oil and gas reserves,…
