 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 17 hours | 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 • 1 hour | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 17 hours | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 17 hours | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 8 hours | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 8 hours | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 8 hours | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 8 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% |
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Energy / Crude Oil
Is The EIA Overestimating The U.S. Shale Boom?
The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling…
China Set To Become More Dependent On Oil Imports
The pace of China’s oil imports growth is one of the most closely watched indicators in the industry—a gauge of the country’s huge appetite for oil and the impact it…
The One Indicator OPEC Must Watch
“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC…
Don’t Count On A Utah Shale Boom
On Monday, President Trump announced his plan to shrink Bears Ears National Monument by 85 percent, while also cutting Grand Staircase-Escalante National Monument by half, a move that could open…
What’s Holding Back Saudi Vision 2030?
It looks like Saudi Arabia’s privatization program will take longer than expected, delaying the kingdom’s grand plan to be diversified out of the oil business by 2030. Nineteen months…
What's Behind This Oil Major's Surprising Strategy Shift
Statoil will center its oil drilling efforts on its own backyard next year, in the waters offshore Norway. But unlike this year, the 2018’s exploration focus doesn’t involve looking for…
The Biggest Oil Producers Flying Under The Radar
This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for…
OPEC Extension Sends Oil Prices Soaring
Oil markets' initial reaction to yesterday's OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix.
U.S. Shale To Surge After OPEC Extension
Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months through the end of 2018. “It’s been…
How Big Oil Is Transforming Shale
Shale drillers have successfully lowered their breakeven price over the past several years, but the industry is looking for more ways to cut costs. The oil majors are investing in…
BREAKING: OPEC Agrees To 9-Month Extension Of Oil Production Deal
OPEC talks ended in Vienna on Thursday with an agreement to extend the production cut deal through the end of 2018, a delegate told Reuters. According to earlier reports, while…
The UAE Plans The Last Few Decades Of Its Oil Game
Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with…
Markets React Stoically To Crude Inventory Draw
The Energy Information Administration reported a 3.4-million-barrel draw in crude oil inventories for the week to November 24, countering the American Petroleum Institute’s estimate of a 1.82-million-barrel build…
OPEC Has Backed Itself Into A Corner
After months of talk and speculation regarding OPEC’s production cuts, the moment of truth is almost upon us—the cartel and its allies are meeting in Vienna this week to decide…
U.S. Oil Has One Fatal Weakness
U.S. crude oil production is again on the rise, and exports of American crude are smashing records. But most of the U.S. oil production is light tight oil, and American…
IEA Boss Sees Oil Markets Tighten In 2018
Global oil markets may tighten in the second half of next year as long as demand remains strong and OPEC and its partners in the production cut agreement extend it,…
Goldman: OPEC Deal Far From Certain
Goldman Sachs has warned that the outcome of OPEC’s meeting with its partners in the oil production cut this Thursday is uncertain, heightening oil market volatility further. In a…
WTI Slips As TransCanada Restarts Keystone
TransCanada has announced has restarted its Keystone oil pipeline today under reduced pressure, after the Pipeline and Hazardous Materials Safety Administration reviewed the company’s repair and restart plans.…
OPEC’s Most Unpredictable Member
This time last year, Iraq was asking OPEC to be exempt from the oil production cuts because it desperately needed revenues to fund the fight against Islamic State. Iraq failed…
U.S. Energy To See Huge Investments From China
During President Trump’s visit to China, the U.S. signed US$250 billion worth of potential trade and investment deals that would boost American exports to China and Chinese investment in…
