 |
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% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
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% |
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have…
Should We Keep Investing in Oil and Gas? Experts Weigh In
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Energy / Crude Oil
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A key reason why oil prices have remained relatively subdued despite the ongoing Russia-Ukraine and Israel-Hamas wars is that Iran has been producing much more oil than widely known, with…
Is U.S. Shale Production Finally Nearing Its Peak?
Last October, I published a piece on OilPrice where I discussed the drivers for the rapid expansion of upstream E&P merger activity that…
Trouble in the North Sea? Wood Group Announces Job Cuts
UK oil major Wood Group is set to cut hundreds of jobs as it prepares to release its 2023 annual results, reports suggest. According to Sky…
StanChart: Oil Demand Set for All-Time High in May
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Big Oil Grows Bolder in Transition Pushback
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Oil Supported By Crude, Gasoline Draws
Crude oil prices were trading lower today after the Energy Information Administration reported that U.S. crude oil inventories had shed 2 million barrels in the week to March…
AI Infiltrates Oil Industry To Speed Up Drilling, Cut Costs
Many tech analysts have accused the oil industry of being too slow to adopt new technology. Yet the industry is itself the source of much technological progress in its narrow,…
New Technology Is Fueling America’s Oil Boom
In mid-December, I wrote here that the U.S. had set a new annual oil production record: “The U.S. set a…
Why Did Biden Forget To Mention Booming U.S. Oil in State of the Union Speech?
President Joe Biden delivered the 2024 State of the Union address last Thursday night under what is always one of the most intense spotlights of the year. This…
Bullish Oil & Gas Producers Remain Under-hedged
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Oil Steady as EIA Confirms Crude, Gasoline Draws
The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up.…
Can Nuclear Power “Decarbonize” the Oil and Gas Industry?
Governments and private companies worldwide have been exploring the idea of reducing emissions from oil operations by using nuclear energy. There is increasing pressure for oil and gas firms to…
Biden’s SPR Gamble Sparks Debate Over U.S. Energy Security
The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher.
OPEC Remains Upbeat About Oil Demand
OPEC remains optimistic that the world will see robust oil demand growth this year and next amid improving economies and further upside potential in global economic growth. In its closely-watched…
IEA, OPEC Divergence on Oil Demand Becomes Too Big To Ignore
Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this…
Big Oil Pursues African Expansion Despite Challenges
Investments in new oil production have been stalling since about 2014. This has led many to suggest that higher prices for longer are on the cards, supported by anti-oil industry…
Kazakhstan Eyes Expanded Routes for Oil Exports in 2024
Kazakhstan increased oil exports by volume last year, but flagging prices meant this translated into diminished earnings. The plan for 2024 is to keep expanding sales abroad, although…
Offshore Oil & Gas E&P Staging A Comeback
The oil industry has found its newest exploration hotspot offshore Namibia. The high success rate of drilling and appraisal activity offshore Africa's southwestern coast is spurring Big Oil to boost…
China Holds The Key To 2024 Global Oil Demand Growth
Despite an increase in China’s crude oil imports in the first two months of 2024, it’s too early to say how the purchases of the world’s top crude importer will…
Iran's Revolutionary Guards Capture Oil Tanker Amid Sanctions Dispute
When Iran seized a Marshall Islands-flagged oil tanker last year, Tehran said the transporter had collided with and damaged an Iranian vessel in the Gulf of Oman.
