 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 20 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 • 1 hour | 2.732 | -0.003 | -0.10% |
|
Bonny Light • 20 hours | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 20 hours | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 19 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 19 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 19 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 19 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% |
Oil Moves Higher on Inventory Draw
Crude oil prices ticked higher…
Should We Keep Investing in Oil and Gas? Experts Weigh In
The debate over whether to…
Energy / Crude Oil
Oil Industry Thinks OPEC+ Will Extend Production Cuts Into Q2
Oil industry watchers and analysts are betting on OPEC+ extending its oil production cuts beyond the first quarter of 2024 into the next quarter, a new Bloomberg survey revealed on…
Canada Oil Faces Fresh Pipeline Shortage
For years, Canadian oil producers have been struggling with insufficient pipeline capacity to take their products to buyers. Anti-pipeline policies have been a big reason for that, along with environmental…
The Top 10 Producers Leading A Global Shale Bonanza
The U.S. is the global leader in the production of natural gas and oil derived from shale formations. However, there are other countries with significant quantities of technically…
EIA Confirms Crude Build, Surprises with Products Draw
Crude oil prices moved slightly higher today, after the Energy Information Administration reported an inventory increase of 3.5 million barrels for the week to February 16. This followed
Venezuela’s Oil Output Could See Moderate Boost
Economic history dictates that the last leg of any battle against high inflation is the hardest, and so it is proving in the United States. Consumer price inflation remains sticky,…
The Oil Market Is Tightening to 2016 Levels
Last week, the International Energy Agency reported that global oil demand growth is losing momentum, with demand growth clocking in at 1.4 mb/d in January, down from 2.8…
U.S. Drillers Pump The Brakes
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…
Will OPEC Increase Production?
Numbers Report – February 16, 2024 In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week…
Oil Prices in Limbo as Geopolitical Risks Fail to Offset Bearish Sentiment
This week, Crude oil prices got stuck between a pessimistic demand outlook from the International Energy Agency and signs that OPEC+ is working hard to reduce supply.
Major Oil Companies Make Moves in Megamerger Frenzy
Over the last year, several oil and gas majors have undergone high-profile mergers as we enter the era of the megamerger. Big Oil in the U.S. appears to be undergoing…
BofA: Oil Demand Growth Has Peaked
Global oil demand continues to rise and will keep increasing for years, but the annual rate growth may have already peaked, according to Bank of America. Electrification of transport, energy…
10 Reasons Why the World Can’t Run Without Fossil Fuels
It is now popular to talk about leaving fossil fuels to prevent climate change. Pretty much the same result occurs if we run short of fossil fuels: We lose fossil…
Product Draws Not Enough to Offset Huge Crude Build
Crude oil prices trended lower today after the U.S. Energy Information Administration reported an estimated inventory increase of 12 million barrels for the week to February 9. The…
Diamondback Energy’s $26 Billion Endeavor Acquisition Shakes Up Permian Basin
Last year, when the full extent of the unprecedented consolidation wave in the shale sector gradually became apparent, we speculated that when it's all said and done, US…
Red Sea Crisis Leaves Oil Market Cold. But This May Change
Last week, Brent crude closed above $81 per barrel, close to $82. This was a solid increase from the start of the week when the international benchmark was trading at…
How Fracking Helped the U.S. Become the World’s Top Oil Producer
Over the last decade, the United States has established itself as the world’s top producer of crude oil, surpassing Saudi Arabia and Russia.…
Oil Markets Are Much Tighter Than Oil Prices Suggest
Oil prices have continued trading in a narrow range in the new year with fears about weak fundamentals and the threat of a recession outweighing geopolitical risks. Last week, Commodity…
Exxon’s Guyana Oil Drilling Plans Anger Venezuela
ExxonMobil’s drilling plans offshore Guyana have angered Venezuela and risk escalating the dispute between the two South American neighbors over Venezuela’s claim on a large part of Guyana’s oil-rich Essequibo…
U.S. Oil Drilling Activity Stalls
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count…
After Being Neutral for A While, I Now Have A View On Crude
As most of you know, while I do invest in stocks in the energy space, and occasionally give you my opinion of individual security based on the research I do…
