 |
Louisiana Light • 2 days | 89.15 | -0.01 | -0.01% | ||
|
Bonny Light • 1 day | 90.37 | -1.56 | -1.70% | ||
|
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% | ||
|
Mars US • 166 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 12 mins | 2.729 | +0.000 | +0.01% |
|
Bonny Light • 1 day | 90.37 | -1.56 | -1.70% | ||
|
Girassol • 1 day | 90.93 | -1.38 | -1.49% | ||
|
Opec Basket • 2 days | 90.18 | +0.61 | +0.68% |
|
Peace Sour • 40 mins | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 40 mins | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 40 mins | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 40 mins | 75.75 | -2.68 | -3.42% |
|
Eagle Ford • 2 days | 81.84 | -0.05 | -0.06% | ||
|
Oklahoma Sweet • 2 days | 81.75 | +0.00 | +0.00% | ||
|
Kansas Common • 2 days | 75.50 | -0.25 | -0.33% | ||
|
Buena Vista • 6 days | 89.36 | +0.64 | +0.72% |
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
Chinese Fuel Dump Weighs On Asian Refiners
Refiners in Asia are having a tough time making profits as diesel and distilled fuels from Chinese exporters flood markets, emerging reports show. The China National Petroleum Corp. said…
The Least Compliant Country In The OPEC Deal
Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives…
Oil Prices Book Biggest Weekly Loss Since October
Oil prices accumulated a more than 1-percent decline this week, pressured by U.S. production growth, despite the variety of bullish demand forecasts and data about tightening global supply. A record-high…
Peak Oil Demand Is A Slow-Motion Train Wreck
Will oil demand peak within five years? 15 years? Or not until 2040 or 2050? The precise date at which oil demand hits a high point and then enters into…
$70 Oil Cripples European Refiners
In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for…
Oil Prices Rebound After EIA Reports Another Large Crude Draw
Amid emerging doubts that OPEC and Russia have outdone themselves with the oil production cuts and are starting to suffer the consequences, the Energy Information Administration reported another large…
Colombia’s Crude Exports Fall Amid Unrest
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start…
CNPC Expects Robust Oil Demand Growth In China
China’s state-owned oil and gas giant CNPC has just added fuel to already strong optimism on oil markets by forecasting that crude oil demand in China will jump by…
Asian Oil Buyers Could Benefit From Fresh Sanctions On Iran
Asian oil traders—the largest group of buyers of Iranian crude—are not bothered by the prospect of new sanctions from Washington against Iran. Even if these do materialize, it would take…
Shale Restraint Could Lift Oil To $80
Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is…
Expect A New Wave Of Oilfield Service IPOs In 2018
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd…
The Biggest Loser Of The OPEC Deal
OPEC’s oil production and supply cuts—now in their second year—have claimed a victim. It’s an industry that’s vital for the crude oil exports of oil-producing countries: supertanker shipping. The supertankers,…
Oil Prices Slip After Lower Than Expected Crude Draw
A day after the American Petroleum Institute took markets by surprise with a massive, 11-million-barrel inventory draw, the Energy Information Administration reported the draw was actually much smaller,…
Soaring Indian Oil Demand Grabs OPEC’s Attention
Last week, we discussed changing trends in Iraqi crude flows into Asia. Total deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked to keep…
Is This Lithium Battery Breakthrough Too Good To Be True?
It would be a dull month if a new rechargeable battery project didn’t make headlines amid all the excitement surrounding electric cars. This month’s indisputable winner is the lithium-ion…
Europe Becomes Victim of Russia’s Newest Oil Strategy
Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest…
Is This The Beginning Of An Oil Sands Revival?
New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray. The Calgary-based arm of…
Is It Time To Get Aggressive On Oil Stocks?
It’s the start of the New Year, so here is my overview for your energy portfolio coming into 2018. I have written in the past six months in a far…
Crude Oil Is Approaching A Major Retracement Zone
U.S. West Texas Intermediate crude oil finished 2017 higher in what can best be described as a volatile two-sided trade. After trending lower from January to June, the market stabilized…
Iraqi Oil Exports Grow On Strong Asian Demand
It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south…
