 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 13 mins | 2.731 | +0.006 | +0.21% |
|
Bonny Light • 2 days | 88.87 | +0.67 | +0.76% | ||
|
Girassol • 2 days | 89.45 | +0.81 | +0.91% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 13 hours | 76.56 | +1.46 | +1.94% | ||
|
Light Sour Blend • 13 hours | 79.61 | +1.46 | +1.87% | ||
|
Syncrude Sweet Premium • 13 hours | 86.56 | +1.46 | +1.72% | ||
|
Central Alberta • 13 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% |
Nigeria To Launch Crude Trading at its Commodity Exchange
Africa’s biggest oil producer, Nigeria,…
Texas Deepwater Oil Export Projects Stall
Four projects were planned offshore…
Energy / Crude Oil
Standard Chartered: Expect Very Little Growth In U.S. Oil Supply In 2024
Last year, U.S. crude production surged to all-time high, blunting efforts by OPEC+ to keep global markets constrained, and Energy Intel has predicted that robust non-OPEC oil supply is
Oil Jumps Despite Crude Inventory Build
Crude oil prices rose today shortly after the Energy Information Administration reported an inventory increase of 5.5 million barrels for the week to February 2. This compared with…
Unpacking the Complex Relationship Between Oil and Agriculture
If you’re wondering what factors influence the price of your weekly grocery bill, you’ll need to look a bit further than general inflation and corporate greed. Yes, those…
Traders Boost Bullish Bets on Oil
Money managers have become increasingly bullish on crude oil amid the geopolitical tensions in the Middle East and growing confidence that the U.S. will successfully avoid a recession this year.…
Kurdistan Oil Flows Not Expected to Resume Anytime Soon
Perhaps no subject in the complex world of global oil involves so many intricate moving parts as the extraordinary relationship between the Federal Government of Iraq (FGI), based in Baghdad,…
Europe Sours on Middle Eastern Crude Oil
European imports of crude oil from the Middle East are falling amid continued tension in the Red Sea off the coast of Yemen. Luckily, there is an alternative: the Atlantic…
U.S. And Iranian Attacks In The Middle East Threaten Major Oil Price Rises
Until a few days ago, two key factors had kept oil prices down since the beginning of the Israel-Hamas War on 7 October 2023. The first was the exceptionally accomplished…
Saudi Arabia Signals a Shift in Oil Strategy
In 1943 President Franklin Roosevelt declared that "the defense of Saudi Arabia is vital to the defense of the United States." The reason: Ten years earlier the desert kingdom had…
Will U.S. Oil Boom Keep Booming?
When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices…
Saudi Won’t Boost Oil Production Capacity: Here’s Why
Since Saudi Arabia’s announcement that it is scrapping plans to expand its oil production capacity by 1 million barrels per day (bpd), speculation has flourished about the reasons behind the…
Iraq Wants to Ditch the U.S. Dollar in Oil Trade
Via The Cradle The Finance Committee in the Iraqi parliament made a statement on Wednesday calling for the sale of…
Robust Non-OPEC Oil Supply Might Cap Oil Prices
Last year, global oil demand grew at a blistering pace with 2023 consumption exceeding the previous year’s by more than 2 million barrels per day. A number of energy agencies…
U.S. Refiners Should Brace for Trans Mountain Pipeline Launch
When Kinder Morgan first announced its plans to expand the capacity of the Trans Mountain oil pipeline from 300,000 bpd to 890,000 bpd, it probably thought it was another major…
The Paradox of Prosperity: Canada's Oil Sands Undermine Climate Pledges
Despite embracing a green transition through the introduction of ambitious climate pledges, Canada continues to produce large quantities of highly polluting oil sands. Oil production has long contributed to Canada’s…
Fresh Sanctions Could Seriously Curtail Iran’s Surging Oil Exports
Last year, we reported that the Biden administration has been increasingly cozying up to Iran as the U.S. and its allies hoped to strike a new nuclear deal with Tehran…
Red Sea Turmoil Tightens Oil Markets As Delays Continue
As many as 100 tankers carrying some 56 million barrels of crude oil and fuels have been diverted from the Red Sea since Yemen's Houthis began targeting ships there…
Oil Ticks Lower on Crude Build
Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory build of 1.2 million barrels for the week to January 26. This compared…
Oil Majors Gear Up for Groundbreaking 2024 Drilling Campaigns
The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead…
Global Oil Demand Remains Robust Despite Bearish Sentiment
Last week, crude oil futures settled at their highest levels in more than two months while energy stocks scored their best week since March 2023 thanks to a cornucopia of…
China to Refill Oil Reserves Following 2023 Drawdown
It's not just the US that is in desperate need of refilling its strategic oil reserve after Biden drained it to score some quick political points ahead of…
