 |
Louisiana Light • 2 days | 87.12 | +0.63 | +0.73% | ||
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
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Opec Basket • 2 days | 88.39 | -0.06 | -0.07% | ||
|
Mars US • 175 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 15 mins | 2.759 | +0.001 | +0.04% |
|
Bonny Light • 2 days | 88.40 | -0.92 | -1.03% | ||
|
Girassol • 2 days | 89.03 | -0.87 | -0.97% | ||
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Opec Basket • 2 days | 88.39 | -0.06 | -0.07% |
|
Peace Sour • 14 hours | 76.77 | +0.76 | +1.00% | ||
|
Light Sour Blend • 14 hours | 79.82 | +0.76 | +0.96% | ||
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Syncrude Sweet Premium • 14 hours | 86.77 | +0.76 | +0.88% | ||
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Central Alberta • 14 hours | 77.17 | +0.76 | +0.99% |
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Eagle Ford • 2 days | 80.05 | +0.76 | +0.96% | ||
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Oklahoma Sweet • 2 days | 80.00 | +0.75 | +0.95% | ||
|
Kansas Common • 2 days | 73.75 | +0.75 | +1.03% | ||
|
Buena Vista • 3 days | 87.23 | -0.55 | -0.63% |
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Texas Deepwater Oil Export Projects Stall
Four projects were planned offshore…
Energy / Crude Oil
Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?
Lots going on in oil and gas this week. With three ripples in different parts of the world potentially suggesting waves of new opportunity coming for project developers. First, in…
Expect New Aramco IPO Details This Week
Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a…
Norway Unfazed By Peak Oil Concerns
When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020…
Will Demand For Offshore Rigs Ever Recover?
Last quarter, offshore drilling rig companies retired more rigs than ever before in a three-month period, according to one energy advisory firm. Embattled Transocean is sending six floating rigs…
Can Trump Drive A Wedge Between Saudi-Russian Alliance?
Together, Russia and Saudi Arabia produce a fourth of the world’s oil. The laws of competitive international commodity trading have pit the two petrostates on opposite poles of the…
Russia Goes All In On Arctic Oil Development
Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft
OPEC Looks To Permanently Expand The Cartel
At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil &…
Trump’s Iran Decision Haunts Big Oil
United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems…
Big Oil Refuses To Give Up On The Barents Sea
Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But as the summer and the…
Major Crude Oil Draw Sends Oil Prices Higher
A day after API’s estimate of a 7.13-million-barrel draw in U.S. oil inventories led benchmark prices higher, the EIA added to bullishness by reporting inventory figures largely in…
Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply
While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil…
Is The Aramco IPO On The Brink Of Collapse?
In what could be a humiliating decision, Saudi Aramco is considering not staging an IPO next year as planned, due to the difficulty of pulling off an international listing.…
Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary
OPEC and its partners may not need to extend the November 2016 crude oil production cut agreement beyond its March 2018 deadline if everyone fully complies with their quotas, Kuwait’s…
Who Are The Biggest Buyers Of U.S. Oil?
This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article,…
Canada’s Pipeline Industry Takes Another Hit
Another oil pipeline in Canada bites the dust. TransCanada announced last week that it would scrap its plans to build a 2,800-mile major pipeline that would traverse nearly the entire…
Saudi Arabia Looks To Shelve Aramco IPO
Oil giant Saudi Aramco is thinking about reneging on its much talked about plans to publicly list a 5% stake in the company, Financial Times sources said on Friday.…
Draw In Crude Inventories Lifts Oil Prices
EIA today reported a 2.8-million-barrel draw in U.S. crude oil inventories for the week to October 6, lifting market spirits further amid higher oil demand growth projections from OPEC…
Is The War On Coal Really Over?
“The war against coal is over.” That was the claim from EPA chief Scott Pruitt ahead of his announcement that he would rewrite a signature climate change program from the…
How OPEC Continues To Cheat On Its Own Deal
All data below is based on the latest OPEC Monthly Oil Market Report.All data is through September 2017 and is in thousand barrels per day.…
Rising OPEC Production Weighs On Oil Prices
After a brief respite in August, OPEC oil production rose once again in September, to 32.75 million bpd, up 88,500 bpd from the previous month, the cartel…
