 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 21 hours | 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 | 2.732 | -0.002 | -0.09% |
|
Bonny Light • 21 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 21 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 20 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 20 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 20 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 20 hours | 76.96 | +1.46 | +1.93% |
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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% |
IEA Cuts 2024 Oil Demand Growth Forecast
Global oil demand growth is…
Suriname’s Resource Boom is Back on Track With First Oil Targeted for 2028
Suriname's oil boom hopes are…
Energy / Crude Oil
Can Oil Continue To Rally?
- WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…
Oil Prices Rise As Saudi Arabia Attacks The Glut
Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus to reducing exports to…
Goldman Sachs: Oil Market To Rebalance By Early 2018
Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said…
Never Again: Big Oil Is Back And Practicing Caution
Royal Dutch Shell posted much better-than-expected earnings for the second quarter, a sign that the oil majors are adapting to a low oil price environment. Net profit jumped to $3.6…
Barclays: Oil Could Rise By $7 If U.S. Sanctions Venezuela
As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only…
Could Brazil Derail The OPEC Deal?
Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this…
Oil Rises, But Saudis Face Daunting Dilemma
OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and…
Indonesia May Return To OPEC But Won’t Cut Production
Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an…
Strong Draw In Crude Inventories Boosts Oil Prices
The Energy Information Administration once again helped to lift oil market spirits this week by reporting another hefty decline in U.S. commercial crude oil inventories for the week ending…
Russian Oil Minister: Global Glut Shrunk By 350 Million Barrels
Russia’s Energy Minister Alexander Novak said yesterday that over the last six months, global crude oil supply has shrunk by 350 million barrels thanks to the production-cutting efforts of…
Nigeria Ups Oil Output Despite Rampant Oil Theft
Things have been mostly good for Nigeria’s oil industry in recent months. The government negotiated a peace with the militants that wreaked havoc on the oil transport infrastructure in the…
OPEC’s No.2 Goes Rogue, Plans To Pump 5 Million Bpd
Iraq’s crude oil output could hit 5 million barrels daily by the end of the year, the country’s Oil Minister Jabar al-Luaibi told Iraqi media, adding that these projections…
OPEC Won’t Prevent Nigeria, Libya From Increasing Oil Output
OPEC seems to be willing to let exempt members Libya and Nigeria boost their crude oil output further before asking them to join the supply control deal aimed at propping…
Libya’s Oil King Won’t Be Stopped By OPEC
Conflict-torn Libya, divided between rival factions in the east and the west, recently reached 1 million bpd of crude oil output—for the first time since 2013. The oil production…
New Tanker Regulations May Impact Oil Prices
The advent of super oil tanker ships and giant freight carriers, along with upcoming rules on sulfur used in marine vessel fuel, are expected to influence demand and pricing in…
This Oilfield Services Company Is A Buy
This morning, oilfield services giant Schlumberger (SLB) announced results for Q2 2017. SLB has dropped around twenty-five percent since the beginning of the year as the effects of the capex…
OPEC Deal At Breaking Point As Compliance Falls
WTI has traded in a $3.90 range so far in July ($43.65 / $47.55) and the sideways price action has lead to waning market enthusiasm for bulls, bears and option…
U.S. Oil Rig Count Falls By 1 As Canada Adds 15 Rigs
The number of active oil rigs in the United States fell this week by 1 rig—it’s second loss in four weeks, and its third loss this year—in a sign…
Saudis Cut Oil Exports To U.S. To Seven-Year Low
Saudi Arabia is following through on cuts to its crude oil exports to the United States, weekly EIA crude import data show, after Riyadh stated a couple of months ago…
Will Eni’s Arctic Efforts Be Profitable?
Arctic oil drilling may be controversial and expensive—and is generally not a top priority in the energy industry—but Italy’s energy major Eni begs to differ. The company last week received…
