 |
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 • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 14 mins | 2.751 | +0.017 | +0.61% |
|
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 • 3 hours | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 3 hours | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 3 hours | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 3 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% |
Oil Fund Withdrawals Suggest Extended Price Rally
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Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Energy / Crude Oil
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…
How To Play The Calm Before The OPEC Storm
The potential result of November 30th’s OPEC meeting is dominating oil trading and oil stocks for the next week, so while we continue to digest our Thanksgiving turkey and wait…
Oil Major: 70% Of Crude Can Be Left In The Ground
Canada’s oil sands are too dirty to be produced, and should probably stay in the ground. That has long been the sentiment of environmental groups, but it is also gaining…
U.S. Boosts Oil Exports To Key Asian Markets
U.S. crude oil exports to Asia last week hit the highest in two months, and the second-highest on record, at 877,000 bpd, according to data from Kpler. There has been…
OPEC Will Extend The Cut
There will be an OPEC deal extension—no matter the public tussling between opposing forces in the industry cartel—if the world’s largest oil producers are really determined to end the supply…
Is Trouble Brewing In The Permian?
The Permian shale play has been attracting so much attention lately it’s started to get a little bit boring. But not for oil investors. The rush to the Permian has…
Is Texas Poised For A Sharp Rise In Output?
Dean Fantazzini has provided his latest estimates of Texas oil and natural gas output. His analysis is based on RRC data only. Each RRC data set from Jan 2014 to…
The Energy Goliaths Driving Global Demand
When measuring future global energy growth, two countries rise above the rest in size and importance: China and India. The two countries, world leaders in population size, will be crucial…
U.S. Oil Rig Count Rises Amid Record Breaking Production
The number of oil and gas rigs in the United States rose again this week. The boost in the number of active oil rigs this week brings the total gained…
Oil Prices Unmoved By Bullish EIA Report
A day after the American Petroleum Institute helped prop WTI up by reporting a 6.356-million-barrel inventory draw, the Energy Information Administration chimed in, reporting a much smaller decline…
Keystone XL Is Far From Certain
The state of Nebraska just cleared one of the last hurdles for the Keystone XL pipeline, potentially ending a decade-long saga over the 1,700-mile pipeline. The Nebraska Public Service Commission,…
Can OPEC Control The Oil Bulls In Vienna?
Until a month ago, oil analysts and investors thought a nine-month extension of the OPEC production cut agreement was a foregone conclusion. But as the November 30 meeting draws…
Is The LNG Glut Real?
LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite…
Can Argentina Replicate The U.S. Shale Boom?
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take…
