 |
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 • 167 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 10 mins | 2.696 | -0.033 | -1.21% |
|
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 • 7 hours | 75.35 | -2.68 | -3.43% | ||
|
Light Sour Blend • 7 hours | 78.40 | -2.68 | -3.31% | ||
|
Syncrude Sweet Premium • 7 hours | 85.35 | -2.68 | -3.04% | ||
|
Central Alberta • 7 hours | 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% |
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Institutional Investors Double Down On Oil Despite Divestment Pledges
A new study reveals that…
Energy / Crude Oil
Africa’s Richest Man: Oil Is Not The Way Forward
The richest man in Africa says crude oil prices would do Nigeria a favor if they stay lower for longer. Last week at the UN General Assembly, Nigerian billionaire Aliko…
As OPEC Compliance Peaks, Can The Drawdowns Continue?
Since it agreed to production cuts, OPEC stated that its mission is to see the oil futures curve flip from contango to backwardation as part of its work to erase…
Cheap Oil Or A Weak Dollar: Pick One
Glance at this chart of the trade-weighted U.S. dollar, and note the swing highs and lows in the price of oil per barrel around each peak and trough. You can look…
Erdogan Threatens To Cut Off Kurdish Oil Exports
Turkey could cut off the crude oil flow from the northern Iraqi region of Kurdistan, Turkish President Recep Tayyip Erdogan said on Monday, putting further pressure on Kurdistan over…
Baghdad Asks World To Stop Buying Kurdish Oil
A day before an historic vote for independent Kurdistan, the central government of Iraq issued a statement calling on “neighboring countries and countries of the world” to stop buying…
U.S. Shale’s Most Productive Play May Peak By 2021
The world’s top shale play, the Permian, has shown remarkable resilience amid the lower-for-longer oil prices. Permian production has grown and should continue its rise into the foreseeable future. Technological…
Oil Majors Brace For More Niger Delta Attacks
The slow pace of talks between the Nigerian government and representatives from the Niger Delta—exacerbated by the impending 2019 elections—have frustrated the militants who prompted the negotiations, causing oil majors…
Heavy Crude Production Hit Hard By OPEC Cuts
Heavy crude becoming more expensive, light crude becoming cheaper Crude oil is not all created equal, and many major producing locations have their own grades. One of the most important…
Goldman Turns Bullish On European Oil Majors
Goldman Sachs has raised its earnings per share (EPS) estimates for the European oil majors’ third-quarter results, and believes that the stocks will start reversing their underwhelming year-to-date performance when…
Expect A Major Leap In U.S. Oil Exports
The Gulf Coast was ravaged by Hurricane Harvey, and the effects are going to take time to wear off, but the situation has also made U.S. crude exports much more…
Trump Aims For Arctic Oil And Gas
The Trump administration is trying to lay the groundwork to open up the Arctic National Wildlife Refuge (ANWR) for oil and gas drilling, according to a report last week from…
OPEC's Strategy To Clamp Down On Cheating
The latest chapter of the “what will OPEC do next” saga unfolded on Thursday as reports emerged that the cartel and the non-OPEC producers led by Russia may discuss a…
U.S. Shale: Water Is the New Oil
Texas has a water problem, and this one isn’t due to Hurricane Harvey… Rising U.S. shale output has led to increased amounts of the water that inadvertently flows out of…
Have Oil Markets Reached A Turning Point?
Big Oil has been wheelin' and dealin' across the globe as geopolitical risks mount, and OPEC delivered a sigh of relief to crude markets with a signal that has brought…
Iran Looks To Ramp Up Production
Iran’s crude oil production is expected to grow to 4 million bpd by the end of the current Iranian year, March 20, 2018, the chief executive of the National Iranian…
Reserves vs Valuations: Exxon’s Permian Predicament
The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a…
The World’s Largest Offshore Oil Field Is Back In Action
Without much international fanfare, the world’s largest offshore oil field and the largest discovered in the last 40 years, Kazakhstan’s Kashagan Field, is on the verge of finally moving beyond…
Does Canada Need More Oil Sands Pipelines?
The claim that building more pipelines to carry Canada’s oil sands production to ports for export will unlock significantly higher prices for bitumen is not supported by either past or…
Just How Big Is The Oil Market?
Big Oil The Oil Market Is Bigger Than All Metal Markets Combined Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities…
China To Dictate Energy Growth In Coming Years
Natural gas, renewables expected to grow significantly The EIA released this year’s International Energy Outlook today, outlining expected trends in energy through 2040. The International Energy Outlook predicts that total world…
